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LAP-EC-001, Measure Up? (Gross Domestic Product) (Download) Economics, Free Enterprise, GDP
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MBA Research Item #: LAP-EC-001 -

Just how much does our economy produce? How does it compare to other countries? How can we understand the health of economies across the world? Gross domestic product is a comprehensive measure of an economy’s output. Use this LAP to teach your students all about gross domestic product, how to calculate and use it, and its advantages and flaws for governments and businesses. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP...

LAP-EC-002, Risk Rewarded (Factors Affecting Profit) (Download) Economics, Free Enterprise
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MBA Research Item #: LAP-EC-002 -

Owning your own business is risky, but if you do it right, you’ll receive something for your efforts: profit, which is your reward for taking the risk involved in investing in a business. The financial gains realized from profit provide business owners with a real incentive to build successful businesses. Use Risk Rewarded to teach your students about types of profit, the benefits received from profit, the external and internal factors that affect profit, as well as ways to gain more profit....

LAP-EC-003, Lose, Win, or Draw (Business Risk) (Download) Economics, Free Enterprise, Entrepreneurship, Risk Management
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MBA Research Item #: LAP-EC-003 -

Your students take risks all the time, but do they realize how to translate their everyday risk experiences into the business world? If not, Lose, Win, or Draw can show them how! Use this LAP to teach your students the types of risk that businesses face, as well as how to handle them. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT! permission) that includes information about...

LAP-EC-004, Beyond US (Global Trade) (Download) Economics, International Business,
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MBA Research Item #: LAP-EC-004 -

Do your students know where their stuff comes from? Chances are, their favorite products have traveled a great distance to get to them. In this LAP, students will discover the impact of globalization – both on their everyday lives and on the buying and selling of goods across the world. They will learn why countries engage in global trade, the economic benefits of global trade, and the many barriers to trade. In the Gray Zone, students will examine the ethicality of sweat-shop labor, an...

LAP-EC-005, Get United (Organized Labor) (Download) Economics, Free Enterprise
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MBA Research Item #: LAP-EC-005 -

Before the Industrial Revolution, many workers labored for low wages in poor working conditions without benefits. But when workers joined together to demand better treatment, organized labor took shape—changing the business world forever. Teach your students what labor unions are, how they negotiate with employers, and what effects they have on employees and businesses. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP...

LAP-EC-006, Are You Satisfied? (Economics and Economic Activities) (Download)
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MBA Research Item #: LAP-EC-006 -

For the last 40 years, the Rolling Stones have been telling us that you can’t always get what you want. How right they are. Every consumer, business, and society has unlimited, competing wants, but they all have limited resources. Sure, it’s human nature. But it’s also economics—the process of deciding how to get the greatest satisfaction from the least amount of resources. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP...

LAP-EC-007, Divide and Conquer (Specialization and Division of Labor) (Download) Economics, Free Enterprise
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MBA Research Item #: LAP-EC-007 -

How does specialization of natural resources, capital goods, and human resources affect businesses and employees? Teach your students the advantages and disadvantages of specialization, how job scope and depth tie in, and how to combat the downside of division of labor. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about specialization and...

LAP-EC-008, Ready, Set, Compete! (Competition) (Download) Economics, Free Enterprise, Entrepreneurship,
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MBA Research Item #: LAP-EC-008 -

Competition isn’t just for sports teams—it’s also essential in the business world. This LAP explains how businesses compete directly and indirectly, how price and nonprice competition work, and the different types of market structure. It also explains why competition is so beneficial for businesses, customers, and society. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission)...

LAP-EC-009, Boom or Bust (Impact of Business Cycles) (Download) Economics
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MBA Research Item #: LAP-EC-009 -

Boom or Bust explores the business cycle—a wild, never-ending rollercoaster ride with thrilling ups and scary downturns. Help your students understand the ongoing cycle of economic expansions, peaks, contractions, and troughs that our economy experiences, as well as internal and external factors causing these highs and lows. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT!...

LAP-EC-010, Get the Goods on Goods and Services (Economic Goods and Services) (Download) Business Basics, Business Functions, Economics
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MBA Research Item #: LAP-EC-010 -

Everyone has wants, but how do those wants affect the economy? Most consumers don’t have the money to buy everything that they want, and the decisions consumers make determine what goods and services are produced! This LAP explains why decision making is so important, the difference between economic and noneconomic wants, the characteristics of goods and services, and how to classify economic goods. LAPs are comprehensive instructional packages that include all elements of a performance-oriente...

LAP-EC-011,  Its the Law (Supply and Demand) (Download) Business Basics, Business Functions, Economics, Free Enterprise, Pricing
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MBA Research Item #: LAP-EC-011 -

Your students might think they understand supply and demand, but do they know about buyer’s and seller’s markets, achieving equilibrium, and elastic and inelastic demand? It’s the Law will teach them all these concepts and more! They’ll learn all about how supply and demand work together and affect every business. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that...

LAP-EC-012, When More Is Less (Functions of Prices) (Download) Economics, Business Basics, Business Functions, Pricing, Marketing
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MBA Research Item #: LAP-EC-012 -

Can your students explain why they pay what they do for products and services? Or how supply and demand influence prices? Most likely, they haven’t given the concept of price much thought. This LAP helps your students learn why prices are important; the functions of prices; how prices are determined; and how consumers, businesses, and resource owners use prices to make economic decisions every day. LAPs are comprehensive instructional packages that include all elements of a performance-oriented...

LAP-EC-013, Use It (Economic Utility) (Download) Economics, Free Enterprise, Business Basics, Business Functions
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MBA Research Item #: LAP-EC-013 -

Businesses have a lot to do with utility—they can create it, and they can enhance it. That’s why it’s so important for your students to learn what utility is and how businesses influence it. Teach them with Use It! This LAP explains the four types of utility, as well as what businesses can do to give their products more utility. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT!...

LAP-EC-014, Be Resourceful (Economic Resources) (Download) Economics
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MBA Research Item #: LAP-EC-014 -

Economic resources (factors of production) enable businesses to produce the goods and services that consumers want. Regardless of product or size, a significant consideration affecting a business’ success is its ability to choose and use the best combination of natural resources, human resources, and capital goods. Use this LAP to help your students learn about the different types of resources and their limitations, how to respond to limited resources, and why economic resources are important...

LAP-EC-015, People Power (The Private Enterprise System) (Download) Economic Systems, Economics, Free Enterprise, Enterpreneurship
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MBA Research Item #: LAP-EC-015 -

Do your students know the characteristics that make up the private enterprise system? Do they even know what private enterprise is? With People Power, you can help students learn the benefits and disadvantages of the private enterprise system, as well as the effects it has on the people who live in it. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT! permission) that includes...

LAP-EC-016, Regulate and Protect (Government and Business) (Download) Economic Systems, Economics, Free Enterprise
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MBA Research Item #: LAP-EC-016 -

Businesses don’t operate without rules—and those rules come from government. This LAP shows why government’s role in business has changed and expanded over the years and how government intervenes in business. It also explains the purposes of government involvement, which include providing public goods, improving public welfare, stabilizing the economy, and more. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a...

LAP-EC-017,  Whos the Boss? (Economic Systems) (Download) Economics, Economic Systems
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MBA Research Item #: LAP-EC-017 -

What do your students know about the four basic economic systems—traditional, communist command, socialist command, and market? Use this LAP to help your students learn the pros and cons of each system, as well as how each type of economy answers the three basic economic questions. Present-day examples illustrate how different economic systems decide what will be produced, how the products will be produced, and how the products will be allocated. LAPs are comprehensive instructional packages...

LAP-EC-018, Make the Most of It (Productivity) (Download) Efficiency, Economics, Free Enterprise
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MBA Research Item #: LAP-EC-018 -

Productivity involves working hard and keeping busy, but there’s more to it than that. What can businesses and individuals do to improve productivity? And what will get in the way of productivity? Help your students learn the answers to these questions, as well as the ways that productivity affects businesses, workers, consumers, society, and the economy with Make the Most of It. LAPs (Learning Activity Packages) are comprehensive instructional packages that include all elements of a...

LAP-EC-028, Up, Up, and Away (Inflation) (Download) Economics, Financial Management
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MBA Research Item #: LAP-EC-028 -

Prices for almost everything tend to go up over time. It’s called inflation, and it doesn’t just affect consumers—it affects businesses as well. Teach your students what inflation is and how it influences the economy, especially the business sector! LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about inflation, a (So What?) discussion of why...

LAP-EC-029, Help Wanted? (Impact of Unemployment Rates) (Download) Economics
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MBA Research Item #: LAP-EC-029 -

The effects of unemployment are felt by individuals, families, communities, and the nation as a whole. Teach your students about the types, causes, and costs of unemployment. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about the impact of unemployment rates, a (So What?) discussion of why it's important to learn, ideas (Make it Pay!) for...

LAP-EC-030, Get Your Money’s Worth (Exchange Rates) (Download) Economics
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MBA Research Item #: LAP-EC-030 -

Huge amounts of currency are traded, all over the world, nearly every day. The foreign exchange market depends on exchange rates to operate. Teach your students more about these rates—what they are, what they mean, who uses them, and how they’re determined! LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that includes information about exchange rates, a (So What?)...

LAP-EC-031, Know Your Limits (Law of Diminishing Returns) (Download) Economics
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MBA Research Item #: LAP-EC-031 -

Shouldn’t more employees always lead to more productivity? Not necessarily! This LAP shows how the law of diminishing returns works for all businesses, from factories to farms. It also explains the production function, the stages of production, and how businesses can use marginal revenue and marginal cost to maximize their profits. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT!...

LAP-EC-045, On Top of the World (Impact of Culture on Global Trade) (Download) Economics, International Business, LAP-EC-024
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MBA Research Item #: LAP-EC-045 -

To be successful in international trade, businesses must pay attention to all aspects of culture, both organizational and global. On Top of the World (Impact of Culture on Global Trade) will help you teach your students about the cultural differences and social issues that affect business, as well as practical ways that businesses can address these differences to keep things flowing smoothly. LAPs are comprehensive instructional packages that include all elements of a performance-oriented...

LAP-EC-070, Business Connections (Business and Society) (Download) Economics, Free Enterprise, Business Basics, Business Functions, LAP-EC-020
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MBA Research Item #: LAP-EC-070 -

How do businesses benefit their product users, their communities, their employees, and themselves? This LAP shows how businesses fulfill their social responsibilities. It also explains the three broad categories of business and illustrates how some real businesses do their part to contribute to public interests. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. Each LAP includes a student handout (with CopyIT! permission) that...

LAP-EC-072, Pay Your Share (Business Taxes) (Download) LAP-EC-027, Economics, Entrepreneurship
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MBA Research Item #: LAP-EC-072 -

Individuals aren’t the only ones who are responsible for paying taxes—businesses pay them, too! Teach your students why businesses pay taxes, what types of taxes they pay, and where their tax dollars go. This LAP also covers different tax structures, business deductions, and the role of the IRS. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT! permission) that includes information...

LAP-EC-103, Designed to Work (Organizational Design of Businesses) (Download) Economics, LAP-EC-023
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MBA Research Item #: LAP-EC-103 -

Well-planned organizational design is crucial to the success of any business. In this LAP, students will discover the importance of structure within an organization by studying the many types of organizational design used by successful companies today. In the Gray Zone, students will evaluate a situation in which a manager abuses his/her authority within an organization’s hierarchy.LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan....

LAP-EC-104, Stretch Your Boundaries (The Global Business Environment) (Download) LAP-EC-022, Economics, International Business
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MBA Research Item #: LAP-EC-104 -

Globalization has a great impact on the way we live. This “shrinking of the world” has an effect on everything and everyone. Teach your students about the influence of the global environment on modern businesses and ways that people can do business in other countries. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT! permission) that includes information about the global business...

LAP-EC-105, What’s Shakin’? (Factors Affecting the Business Environment) (Download) LAP-EC-026, Economics
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MBA Research Item #: LAP-EC-105 -

All businesses are affected by the environments in which they operate. There are a number of external factors that influence the decisions and strategies that businesses must make to be successful. Teach your students what these factors are and how businesses respond to these environmental changes to compete locally, nationally, or even internationally. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student...

LAP-EC-106, On the Up and Up (Business Ethics) (Download) Economics, LAP-EC-021
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MBA Research Item #: LAP-EC-106 -

Business ethics are the basic principles that govern a business’s actions, but why are they so important? This LAP explains the concept of business ethics, the importance of ethical behavior for businesses, and the consequences of unethical business behavior. It also examines the reasons behind unethical business behavior.LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT! permission)...

LAP-EC-107, Keep the Change (Adapting to Markets) (Download) LAP-EC-025, Economics
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MBA Research Item #: LAP-EC-107 -

Everything changes! Just like people, businesses must adapt to changing environments and markets. Teach your students more about the current business environment and the strategies that smart organizations use to survive and thrive in the midst of rapid change. LAPs are comprehensive instructional packages that include all elements of a performance-oriented lesson plan. This LAP includes a student handout (with CopyIT! permission) that includes information about adapting to markets, a (So...