Peer reviewedERIC Number: EJ703425
Record Type: Journal
Publication Date: 2004
Pages: 4
Abstractor: ERIC
ISBN: N/A
ISSN: ISSN-0037-7996
EISSN: N/A
Available Date: N/A
The Wage Is Right!
Alden, Lori
Social Studies, v95 n2 p67 Mar-Apr 2004
As they work to master the supply-and-demand model, high school economics students spend considerable time studying competitive markets for such goods as wheat, apples, and corn. They usually spend less time studying markets for labor. That is a shame, because high school students have a vital interest in understanding why some jobs pay more than others and why in the future, certain occupations are likely to experience much faster growth than others. The supply-and-demand model is the ideal tool for shedding light on these matters. In this article, the author describes a set of brief classroom games that encourages students to apply the supply-and-demand model to labor markets. The games are patterned after The Price Is Right, a long-running game show on CBS in which contestants guess the prices of various goods. In the class version, the students guess the median earnings of different occupations and predict which will grow the fastest. The games acquaint students with different occupations and help them understand how earnings are related to training, talent, and other factors.
Descriptors: Labor Market, Economics Education, Educational Games, High Schools, Supply and Demand, Teaching Methods, Wages
Springer-Verlag New York, LLC., Journal Fulfillment, P.O. Box 2485, Secaucus, NJ 07096. Tel: 800-777-4643 (Toll Free); Fax: 201-348-4505; Web site: http://www.springeronline.com.
Publication Type: Journal Articles; Reports - Descriptive
Education Level: High Schools
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Author Affiliations: N/A


