Very funny Seinfeld episode clip [2:52] from which students learn from Elaine, Jerry and Kramer about the fundamental economic concepts of signaling, utility and deadweight loss of gift giving.

"Father Christmas" by The Kinks is used in conjunction with Joel Waldfogel's article "The Deadweight Loss of Christmas" to examine the relative value of cash versus inkind gifts. This can then be extended to an analysis of various public policies.

E learning text offers information on measuring income distribution with the Lorenz Curve. Site presents charts and data for one to use in order to construct or analyze a Lorenz Curve.

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.

By the end of this section, you will be able to:

Calculate and graph budget constraints
Explain opportunity sets and opportunity costs
Evaluate the law of diminishing marginal utility
Explain how marginal analysis and utility influence choices

Economics lesson for middle to high school and beyond is fun when students learn by watching this video clip [2:43] of Seinfeld from season 6, in which George teaches us about the concepts of utility and altruism.