Economics

AOC: A System With Billionaires Is Immoral fee: Why Jeff Bezos Isn't As Rich As You Think Enjoy this video? You can access many more resources like quizzes, teacher's guides, and free DVDs when you register! It will take you less than two minutes, and best of all: it's FREE!

NGPF Activity Bank Taxes Interactive: Intuit Education TurboTax Simulation Teachers, you MUST carefully review the TEACHER GUIDE for instructions on how to implement this activity in class. You cannot possibly run the simulation without following the directions listed there. The gu...

Hat tip to Nick Maggiulli of Dollars and Data blog for highlighting this research from .  Answer: Buying experiences Treating yourself (on occasion) Buying extra time Paying upfront (i.e. all-inclusive vacations) Spending on others Questions:  What are ways that you spend money that bring happiness to you? Do they fit into any of these five categories?  Why do you think that researchers found that "buying experiences" might create more happiness than buying "things?" Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Be...

How Will This Affect My Credit Score?

Dennis Bernard, 60, founded Bernard Financial Group in 1991 in a small subleased office without a computer because he couldn't afford one. The firm has grown to north of $1 billion in loan origination annually and $4.2 billion in servicing, with the vast majority of it being in Metro Detroit. He…

Here's a few Brain Games videos that I watched over the weekend that can help students uncover scams: Pigeon Drop Con Artist Handbook The Scam Illusion Questions Have you ever fallen for a scam? What techniques do these scam artists use in these videos to con people?  Which of the three scams do you think you would most likely have fallen for?  What lessons can you learn from these videos so that you are not conned?  -------------------- Create A Financial Scam Guidebook is a great activity where students research common financial scams and develop strategies on how to a...

Answer: $143 billion Average credit card debt of $830 billion (Experian study, 2019) multiplied by an average credit card interest rate of 17.27% (creditcards.com) Questions: Why do you think that so many Americans have credit card debt, meaning they don’t pay the full balance on their credit card statements every month? Does credit card debt carry a high or low interest rate? What ideas do you have on how you can avoid getting into credit card debt where you can't pay your balance off every month? Imagine using your credit card to buy $100 of clothes.

Because of our social nature, another principle is to benefit others with our money. Studies performed by Dunn and others have shown that participants who spend money pro-socially disclose a higher level of satisfaction. While personal spending did not diminish participants' happiness, it did not in...

History offers plenty of examples of what happens when we slow innovation because of job fears. It isn’t a pretty picture, the author argues.

Hat tip to Jessica for finding this resource which allows students to tweak variables to find out how much they can save through D-I-Y coffee. It also provides opportunities to discuss investing as one of the variables is "investment return."  Here are the variables (the dark rectangles are calculated fields while the white rectangles are user-generated:  For those students who don't drink coffee, they can identify something they might buy several times a week (e.g. snacks) and Put in $0.01 for the bag (retail value)  Input the cost of that item purchased in the cup (retail v...

I can't remember how I found this site but thought it might be engaging to your students because it takes a budgeting principle and allows students to see how it actually applies in their community.  The simulation starts by explaining the 50/30/20 budgeting rule of thumb which is the idea that 50% of budget should be spent on needs, 30% on wants and 20% on savings and paying down debt. It then has students select from one of three scenarios: Married couple with 2 children in Boise, Idaho Single adult male in Chicago, Illinois Single mother with one child in Cleveland, Ohio It then com...

Put yourself in a better financial position after you graduate by avoiding these money mistakes.

Your financial well-being tells the story of how you manage your money. For Financial Planning Month, we have 25 tips to improve your finances and overall financial well-being.

Recent reports and studies suggest that the outsized political power of hospitals is a big reason why American health care is so expensive.

At 2.25 percent interest over a period of a thousand years, Fry's bank balance has grown a lot since the 20th century.

Summary: This chart shows the percentage of new car loans and the term of their loans (in months).  Questions: How would you summarize the trend in the length of new car loans over the past decade? Increasing or decreasing? Which loan term has seen the sharpest increase in the past decade?  What is the relationship between the term of the loan and the amount of the monthly payment? The longer the loan term, the _______ the monthly payment.  The _________ the loan term, the higher the monthly loan payment.  If you wanted to pay the least amount of interest on a loan,...

Independent Institute Research Fellow Art Carden on the economics behind price gouging.

News reports, articles, and websites tell us of the waning belief in capitalism. What do you think about capitalism? Is capitalism evil? Or has it lifted billions of people out of poverty? This segment looks at capitalism.

Answer: 229 times Here are the figures for the top music sites: Questions: Given their average payout for stream of $0.004 per song for Spotify, how many music streams would you have to listen to in order to cover a $9.95 monthly subscription?   Why do you think that the streaming services have such different payouts per stream?  Your friend says "I can make a good living just putting my music up on YouTube." Agree or disagree with him using the data provided above.  Do you think the payouts per stream will increase or decrease in the future?  Click here for the rea...

Feast and football. That's what many of us think about at Thanksgiving. Most people identify the origin of the holiday with the Pilgrims' first bountiful harvest. But few understand how the Pilgrims actually solved their chronic food shortages. Many people believe that after suffering through a severe winter, the Pilgrims' food shortages were resolved the following spring when the Native Ameri

Teaching finance to your child may seem overwhelming, but it can be easily done by incorporating lessons into things you're doing everyday anyway.

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"This is just one tool in the toolbox." This is the go-to refrain you'll hear from business groups, lobbyists, and legislators alike when it comes to tax incentive programs like Good Jobs for Michigan, which is set to expire on Dec. 31 if the legislature doesn't vote to either extend or…

Answer: YouTube Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Questions: Where do you go most frequently? Why? Five years ago, what would your answer have been?  Compare these services from a cost perspective.

Answer: Pepsi Questions What factors do you think contribute to the very different market performance of these companies? Which products do you personally prefer?  Would you make an investment decision based on your personal product preference? Pepsi also has diversified into the snack food business and owns Doritos, Cheetos and Sun Chips while Coke has diversified into the coffee business. Knowing this, which company do you think has better long-term prospects?