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Economic Concepts Teacher Resources
Find teacher approved Economic Concepts educational resource ideas and activities
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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 instructional activity.
Students 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.S. Economy?"
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. They work with their families to experience a real-life math and economics application.
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.
Fourth graders investigate the important concepts of economics. In this economics lesson, 4th graders research basic economic concepts such as the definition of economics, resources, human capital, conservation of resources, goods and services, and world trade. They work in small groups as they research and develop a strategy to present the information. They present the material using PowerPoint.
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.
Students create a virtual community. In this economic concepts lesson, students work with a partner to create a virtual community. Students also complete a graphic organizer for the activity.
Students discover the attributes of small business owners. In 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.
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.
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. They participate in class store activities to reinforce the economic concepts they studied.