Capstone Sky
Council for Economic Education  

Exemplary High School Economics Lessons

Welcome to the Capstone Web site. This Web site was designed to help support usage of the Capstone publication. Within this Web site you will find a wealth of information about the publication as well as several resources which can be used to supplement the Capstone materials in the classroom.

When combined with a textbook, Capstone provides activities for a complete high school economics course. 45 exemplary lessons, over half of which are completely new, help students learn to apply economic reasoning to a wide range of real-world subjects—ranging from personal finance to global issues. The economic way of thinking helps students bring logic and meaning to all high school economics courses.

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The publication of Capstone and this Web site were made possible through funding from the Calvin K. Kazanjian Economics Foundation.


Implicit Price Deflator
A price index that compares the prices of all the goods and services produced in the current-year gross domestic product (GDP) to the price levels that prevailed for those same goods and services in an earlier year or years. The implicit price deflator is used to adjust values of nominal or current-price GDP to obtain values for the real GDP. See also Consumer price index.


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