Baseball has been a business since the 1860s when organized teams first started paying their players. Since then, baseball has become a huge business enterprise earning billions of dollars each year. In this unit, students will be introduced to basic economic concepts such as goods and services, supply and demand, and competition. Each lesson includes an activity that will allow students to practice recognizing these concepts as they relate to professional baseball. Students will also have the opportunity to practice their math skills as they calculate prices of various ballpark items. During the videoconference, students will work with museum teachers to reinforce concepts and ideas introduced in the classroom.
- Recognize the difference between goods and services.
- Identify goods and services available in a community and in a ballpark.
- Be able to explain the concept of supply and demand.
- Understand how supply and demand affect prices.
- Practice number operations using decimals.
- Identify sources of business competition in a community.
- Duration: 60 minutes (can be shorter or longer)
- Grades: 3-12
- Price: $TBD