Economic Concepts Teacher Resources
Find Economic Concepts educational ideas and activities
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Globalization: Threat or Opportunity for the U.S. Economy?
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.
9th - 12th Social Studies & History 16 Views 126 Downloads
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
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 25 Views 60 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 27 Views 31 Downloads CCSS: Adaptable
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
Those Golden Jeans
What do pizza, jeans, and gold have in common? Give up? They are all products that require natural, human, or capital resources to be mined or produced. They also require a market price that can fluctuate with the ebb of supply and demand. Learners complete a variety of activities to examine these very basic economic concepts.
7th - 8th Social Studies & History 21 Views 37 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 38 Views 134 Downloads
Ben & Jerry's Flavor Graveyard
Learners 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
The Big Winner
Eighth graders examine the economics of the California Gold Rush Era using factual and fictional biographies. Working in groups, a biographical sketch is analyzed in order to determine if their individual became rich or not, how or what prevented them, and how scarcity impacted the choices made by their individual.
8th Social Studies & History 6 Views 35 Downloads
Money Smart children
Students elementary financial vocabulary words: spend, save, invest and donate. In this finance lesson, students respond to the story "Sam and the Lucky Moon." Students describe the concepts of wants and needs, resources, scarcity, opportunity and cost.
K - 2nd Language Arts 23 Views 137 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 1 Download
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
Road To Roota
Did you know that there are comic books that can help learners discover economic concepts like supply and demand. The format of this lesson is highly engaging and enables them to discover how economics can be an exciting field of study. Note: Concepts and vocabulary will need to be previewed prior to beginning the lesson.
2nd - 7th Social Studies & History 8 Views 80 Downloads
The Airline Ticket Mystery
Students use newspapers and television stories to search for mysterious behavior. Using mysteries in the airline industry, they identify the economic concept and the steps to unravel the mystery. They answer a mystery question to help them focus on the main issue.
9th - 12th Social Studies & History 3 Views 5 Downloads
Free Enterprise System
What are the benefits of a having a free enterprise system. In groups, your young entrepreneurs create a new business concept and brochure, then work independently to write a brief essay on business freedoms. This a fun and motivating way to explore the free enterprise system.
4th - 5th Social Studies & History 11 Views 45 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 18 Views 64 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