The students examine results from opinion polls conducted near the end of the 2004 presidential campaign. They compare results from several national polls to those of the Iowa Electronic Markets (hereafter, the IEM), an online futures market, to predict the outcome of the 2004 race. They read and discuss a handout which allows them to compare the performance of opinion polls and the IEM in predicting election outcomes. Finally, the students learn how well the IEM performed in the presidential campaign of 2008.
Download the Lesson
Please review this lesson and share it with your colleagues!
Glossary of Terms and Concepts
These are some of the important terms you'll cover in this lesson.
Lesson 6 Visuals
Visual 6.1 - Visual 6.3
Lesson 6 Activities
Standards in Economics
View this lesson's State Standards in Economics
View this lesson's National Standards in Economics
Related Online Lessons
Transportation: They Say We Had a Revolution (Part 1)
Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a considerable impact on the development of transport as we know it today. I...
To Buy or Not To Buy
While precise numbers are not known, it is believed the number of boycotts has grown markedly in the past fifty years. Consumers seem to be besieged by requests from special interest groups to ...
Pop Goes the Housing Bubble
In this lesson, students will learn about a speculative bubble within the context of the U.S. real estate market.
Rationing Transplants: An Ethical Problem
On November 1, 1999, Walter Payton, former Chicago Bears running back, died waiting for a liver transplant. Payton's death re-opened the nation's attention to the issue of organ donation. The Natio...
Collecting for Fun . . . and Profit?
Art, baseball cards, coins, comic books, dolls, jewelry and stamps are just a few examples of the many things people collect. While some people collect for fun — others hope to profit. In...
Related Print Lessons
Financial Fitness for Life: K-2 - Teacher Guide
This publication contains 16 stories that complement the K-2 Student Storybook. Specific to grades K-2 are a variety of activities, including making coins out of salt dough or cookie dough; a song that teaches students about opportunity cost and decisions; and a game in which students learn the importance of savings.
7 out of 14 lessons closely relate to this lesson.
Capstone: Exemplary Lessons for High School Economics - Teacher's Guide
This publication contains complete instructions for teaching the lessons in Capstone. When combined with a textbook, Capstone provides activities for a complete high school economics course. 45 exemplary lessons help students learn to apply economic reasoning to a wide range of real-world subjects.
5 out of 45 lessons closely relate to this lesson.
Focus: Understanding Economics in U.S. History
Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
3 out of 39 lessons closely relate to this lesson.
Learning, Earning and Investing: High School
This publication contains 23 lessons that introduce high school students to the world of investing--its benefits and risks and the critical role it plays in fostering capital formation and job creation in our free market system.
2 out of 23 lessons closely relate to this lesson.
Teaching Financial Crises
Teaching Financial Crises is an eight lesson resource that provides an organizing framework in which to contextualize all of the media attention that has been paid to the recent financial crisis, as well as put it in a historical context. The current events stories, opinion pieces, and other popular media pieces that are today in great supply have generally not connected to educational objectives, historical analysis, and economic processes and concepts that are used in the high school classroom. In Teaching Financial Crises, teachers will find a non-partisan and non-ideological resource to help them simplify and offer balanced perspectives on this challenging subject matter.
2 out of 8 lessons closely relate to this lesson.
Review this Lesson