Economic Concepts Teacher Resources
Find Economic Concepts educational ideas and activities
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Identifying Economic Concepts in Literature
After reading Annie and the Old Ones, the class chooses an idea they agree with about Annie's actions and explain their opinion to a partner or the class. They work together to identify at least one economic concept from the book. This is a short activity rather than a fully realized lesson.
9th - 12th Language Arts 3 Views 7 Downloads
Globalization: Threat or Opportunity for the U.S. Economy?
Young scholars study the pros and cons of globalization. They highlight the economic concepts of comparative advantage, specialization, and opportunity cost. They read and discuss the "FRBSF Economic Letter: Globalization: Threat or Opportunity for the U.
9th - 12th Social Studies & History 15 Views 125 Downloads
Car Loan Project
What high school kids doesn't want a car? Motivate your economics class with this real life economics lesson. They use their knowledge of economic concepts and mathematical calculations in deciding, hypothetically, what car to buy and how to finance the purchase.
10th - 12th Social Studies & History 14 Views 53 Downloads
Cooking in A Closet: Supply and Demand on a Submarine
Students define choice, cost, supply, demand, and scarcity. They apply the terms in an economic sense to a historical event. Finally, students read an excerpt from the oral history interview with a submarine veteran conducted by the Arkansas Inland Maritime Museum and relate economics concepts to the interview excerpt.
5th - 8th Science 33 Views 129 Downloads
Ben & Jerry's Flavor Graveyard
Students write a letter to the stockholders of a pretend video game company. They explain, using economic words, why the company has decided to stop making one of its games. They apply the economic concepts of scarcity, productive resources, and entrepreneurship to an analysis of Ben & Jerry's ice cream company.
9th - 12th Social Studies & History 4 Views 10 Downloads
Work, Earnings, and Economics: Using Lyddie
Students define the economic concepts of sarcity and opportunity cost. They discuss ow incentives influence the behavior of individuals, in encouraging saving. Students discuss how interest rates affect savers and borrowers. They explore the emergence and growth of industralization in the United States in the 19th Century.
6th - 8th Social Studies & History 4 Views 27 Downloads
Using the Class Store to Teach Economic Principles
Students examine concepts associated with money such as spending vs. saving, supply and demand, opportunity cost, and inflation that are appropriate for their grade level. They listen to books about money concepts and complete associated worksheets over a period of weeks.
3rd - 5th Social Studies & History 16 Views 61 Downloads
One Hen: How One Small Loan Made a Big Difference
Students discover the attributes of small business owners. For this economics lesson, students participate in a classroom activity that requires them to learn the meaning of economic concepts related to entrepreneurs and then play a review game of H-E-N Bingo.
4th - 8th Social Studies & History 6 Views 24 Downloads
Kids as Decision Makers - Distinguishing Between Needs And Wants
First graders have hands-on experiences with sorting pictures into groups according to the social studies objective: The learner apply basic economic concepts to home and school. This instructional activity focus on distinguishing between wants and needs.
1st Language Arts 4 Views 14 Downloads
Economics: Market Surveys
Students review the economic concepts and terms introduced in previous lessons. They analyze several scenarios in which they must review business records. They conduct a detailed report covering the steps necessary to start a business.
3rd - 4th Social Studies & History 7 Views 11 Downloads
Real Life Economics 101
Your learners will take key economic concepts, such as identifying needs versus wants and the four factors of production, and design a video to explain their topic choice to the class. Rather than have one person in charge of dispensing all information, this project allows for whole-group collaboration and creativity!
11th - 12th Social Studies & History 19 Views 21 Downloads CCSS: Adaptable
Jobs in the Community
Students build a mobile representing different jobs in the community. In this economics lesson, students discuss the importance of working for money, brainstorm various jobs, and look through pictures and magazines to locate different job types.
K Visual & Performing Arts 3 Views 12 Downloads
Money Smart children
Young scholars elementary financial vocabulary words: spend, save, invest and donate. In this finance lesson, students respond to the story "Sam and the Lucky Moon." Young scholars describe the concepts of wants and needs, resources, scarcity, opportunity and cost.
K - 2nd Language Arts 16 Views 126 Downloads
Pre WWII Germany - Inflation
Eleventh graders differentiate between inflation and hyperinflation. They explain the economic conditions in Germany before WWII and the roles of government in a market economy. They analyze the importance of keeping inflation under control in an industrialized country.
11th Social Studies & History 3 Views 18 Downloads
"Kids as Decision Makers" - Distinguishing between Needs and Wants
First graders distinguish between wants and needs. In this wants and needs lesson, the teacher introduces the concepts of wants and needs by reading the class a story, then students use magazine pictures and sort the pictures into "wants" and "needs" and makes a list of family wants and needs.
1st Social Studies & History 3 Views 0 Downloads
Lesson 9: Tracking Commodities
Over the corse of a month, small groups will monitor the price of a specific energy commodity and analyze it in relation to global and domestic events. They play a trade simulation game and create infographics showing what they've learned throughout the process.
10th - 12th Math 3 Views 9 Downloads
History of the American West
Ninth graders research early mining in California. They study the "placer method" for mining gold, which is surface mining that does not involve tunneling. They examine what it was like for the early miners to pan for gold with simple tools in 1848 and 1849 in California.
9th Social Studies & History 3 Views 16 Downloads