http://www.merlot.org:80/merlot/ A search of MERLOT materials Copyright 1997-2013 MERLOT. All rights reserved. Sat, 18 May 2013 07:15:33 PDT Sat, 18 May 2013 07:15:33 PDT http://www.merlot.org:80/merlot/images/merlot.gif http://www.merlot.org:80/merlot/ 44 34 http://www.merlot.org/merlot/viewMaterial.htm?id=485003 This interactive tool explains the adjust in short and long term of the market and the enterprise under the theory of perfect competition. It allows the interaction of both dimensions and to see the equilibrium process in terms of profits, looses, prices, and exchanged quantities. The documentation includes graphs with explanations of the shifts, as well as exercises with feedback. http://www.merlot.org/merlot/viewMaterial.htm?id=74382 Elasticity = Responsiveness: the elasticity of demand tells us how much the quantity demanded changes when the price changes. Read the lecture, then work the problems (Java applets tell you if you are right or wrong) http://www.merlot.org/merlot/viewMaterial.htm?id=84586 Marketplace, a daily economics news program heard on National Public Radio, featured a story on January 8, 2002, titled "Microsoft Invades the Kitchen." In this segment, reporter Aaron Schachter describes consumers' enthusiasm, or lack thereof, for two new Microsoft products and explores the concept that the process of innovation and consumer response has in ongoing market development. From this situation, students will develop an understanding that the introduction of new products and production methods by entrepreneurs is an important form of competition and is a source of technological progress and economic growth. http://www.merlot.org/merlot/viewMaterial.htm?id=84574 This lesson complements an NPR Marketplace segment exploring the effects of the rising costs of insurance for high-profile art exhibits since September 11. In this lessons students will Identify factors that affect profit; Assess artists' marketability in order to predict success or failure for an art exhibit; and Make decisions regarding the management of a business. http://www.merlot.org/merlot/viewMaterial.htm?id=77676 This site discusses the ideas behind development, reviews the historical experiences that guide the world today and profiles the developed and underdeveloped countries and the world's major economic institutions. The site is a very comprehensive look at economic development. http://www.merlot.org/merlot/viewMaterial.htm?id=594986 Electric Money is a 2-part series produced for PBS by Oregon Public Broadcasting that explores how the digital revolution has completely transformed virtually every sort of financial activity over the last fifty years. The series was originally broadcast on October 3,2001. The site has very interesting content on how money revolved from before computers to the e-money revolution. Included are five interdisciplinary teaching units with lesson plans correlated to the national standards, along with a variety of discussion questions and interactive activities designed to get your students thinking about the impact of all sorts of financial transactions. Each of the following units is available in Adobe Acrobat format. It is based on the video produced by the station, and which can be ordered, and or the teaching guides can be adapted based on the content provided. http://www.merlot.org/merlot/viewMaterial.htm?id=74383 Elasticity has a quantitative meaning, a specific way of measuring responsiveness. Read the lecture and try to answer the problems, with Java applet as your grader. http://www.merlot.org/merlot/viewMaterial.htm?id=77421 These review notes concern the basic economic problems of scarcity, opportunity costs and economic systems. http://www.merlot.org/merlot/viewMaterial.htm?id=80712 This website is designed to support courses in both macro- and micro-economics. By clicking on the Table of Contents, one can access information on a variety of topics. Each of these contains links to other explanations. http://www.merlot.org/merlot/viewMaterial.htm?id=77678 This brief tutorial provides a general history of economics, describing the work of Adam Smith, Ricardo, Malthus, Karl Marx, and Keynes.