These Economics W.I.R.E.D. activities recommend web links that relate to key concepts of each chapter of the textbook. For each link, there are instructions to guide you to specific information, followed by several discussion questions or exercises.

Key Concepts: Case Study: What's Happening in the Biggest Industry in America?, Economic Models, The Impact of Economics on Public Policy

U.S. Census Annual Demographic Survey

Scroll down the web page and study "Both Sexes All Races Total Work Experience—Mean Earnings" table data.

• Why is the assumption of  "Ceteris Paribus" important when making a prediction of income based on a level of education?
• What additional information do you need in order to make accurate income predictions?  What other factors should be considered? 
• Develop a simple graph to illustrate the relationship (positively or negatively related) between the level of education and median income.