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Microeconomic Principles, Markets, and Decision-Making

9th Grade · Social Studies · US-WY-SS

10 lessons

Goal

Analyze fundamental microeconomic concepts including scarcity, opportunity cost, supply and demand dynamics, market structures, and the influence of values on choices.

10 lessons
0 of 10 done
  1. Scarcity, Choice, and Opportunity Cost in EconomicsUp next
  2. The Law of Demand and Consumer BehaviorNot started yet
  3. The Law of Supply and Production CostsNot started yet
  4. Market Equilibrium, Shortages, and SurplusesNot started yet
  5. Elasticity of Demand and SupplyNot started yet
  6. Economic Incentives and Human BehaviorNot started yet
  7. Market Competition and Market StructuresNot started yet
  8. The Profit Motive and EntrepreneurshipNot started yet
  9. How Cultural Values and Ethics Shape Microeconomic DecisionsNot started yet
  10. Market Failures and ExternalitiesYou are here
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Learning standards covered

us-wySS12.3.1Wyoming Social Studies Standards · 5th Grade

Analyze the impact of supply, demand, scarcity, prices, incentives, competition, and profits on what is produced, distributed, and consumed.

us-wySS12.3.5Wyoming Social Studies Standards · 5th Grade

Evaluate how values and beliefs influence microeconomic and macroeconomic decisions.