One way to get the attention of many of your students is to use cars and things car-related as examples when describing economic issues, events, and concepts. Way back in May of 2005, the Government Accounting Office (GAO) published a report on Motor Fuels: Understanding the Factors That Influence the Price of Gasoline. Is it pre-Katrina? Yes. Is it informative? Definitely. Is it useful for the high school class? Well, it has a lot of charts and graphs that your students are sure to find interesting and maybe even surprising.
And to help your students understand the whole “price-gouging” kerfuffle, you might want to check discussions Macroblog by David Altig, the Becker-Posner blog, Jane Galt (link to this post is no longer available), or or William Polley's blog.
I look forward to your comments.
Posted by TSchilling at 3:15 PM Comments (0)