This lesson on the economics of the peanut industry—using interactive activities, primary source analysis, and graphing—is a great tool for economics, history, and government teachers.
Grade Level
9–12
Concepts:
- Demand
- Embargo
- Equilibrium price
- Equilibrium quantity
- Incentives
- Quotas
- Subsidies
- Supply
- Tariffs
- Tariff rate quotas
- U.S. agricultural policy
Time required
110 minutes consisting of two 55-minute class periods if completing both parts of the lesson; extension activity adds 30–45 minutes to the lesson, depending on class size
