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Economics Teacher Resources
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Young scholars examine economic policy. In this Economics instructional activity, students learn about the structure of the Federal Reserve System and the functioning of the Federal Open Market Committee. The four-instructional activity unit consists of simulations and internet research designed to have young scholars take on the roles of participants in a FOMC meeting.
It's hard to think of a 16 or 17-year-old being able to speculate about the impact of current economic conditions based on GDP data and business cycles, but that's just what they're going to do. This lesson provides background information, tons of web links, statistical data and solid activities to build a real world understanding of how the US Economic system works.
Students discuss key business and consumer indicators that are used to measure the health of the economy. They compare the economic recovery (from the 2001 recession) of Utah and the United States. They discuss the benefits and hazards of federal government expenditures during economic downturns.
Students study the economic system of the United States, including its principles, development, and institutions. They find receipts for lumber, agreements for the purchase of a parcel of land, documents calling for the construction of a "marine lookout" and payments made to laborers.
Groups of four high schoolers take a look at the Federal Reserve, and study the impacts associated with the tweaks they make to our economic system. Each group is given a true economic scenario from our nation's past, and must compile a report that is given to the rest of the class. Detailed instructions and an excellent student worksheet/study guide are both embedded in a fine high school economics lesson plan.
Meat eater or vegetarian? Here’s a series of activities that prepare writers for crafting a persuasive essay. Using the included worksheets, the class works together to craft arguments for and against eating meat. They discuss issues (economics, personal freedoms, safety, personal beliefs, environmental impact) and brainstorm support that could be used for either position. The packet includes a detailed plan, flow charts, and graphic organizers that can be used with any topic, and a link to a site that lists issues and resources appropriate for this type of exercise.
High schoolers examine the economic impact of the Great Depression. In this modern history lesson, students use various primary sources including speeches to determine what some of the economic options that were available to the US during the Great Depression. They then decide what might have worked best and explain their thinking.
Students summarize the historical development of money. In this economics instructional activity, students describe the process of bartering and explain how money facilitates trade and exchange. Students also define and describe inflation and a modern banking system and its services.
Students explore the concepts of price and demand. In groups, pupils simulate the purchase and selling of land in Japan. They create a loan, and make decisions to buy or sell as the economic market fluctuates. Classmates discuss their decisions and analyze their results.
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.