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Economics Teacher Resources
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In this economics activity, students examine the principle of supply and demand related to the oil market as they identify factors that cause curves and shifts and determine equilibrium. Upper graders read an informational article and use their economic math skills to determine a supply and demand curve for a given data set.
Students explore economics by participating in a role-play activity. In this small business lesson, students identify the factors necessary in order to run a small business and identify the proposed costs to do so. Students create an economics chart which details the potential income vs. costs of running the business.
Investigate economic geography through this text-companion worksheet. Learners read about and compare economic systems, examine the role of natural resources and infrastructure, and are introduced to GDP and GNP statistics. They take notes and answer 5 comprehension questions as they read the selection. A graphic organizer is provided for notes, but is quite small. Vocabulary words are defined on the side. Intended for use with the McDougal Littell World Geography text.
What indicators do economists use to create an education economic forecast? Young finance analysts prepare a professional report to describe their predictions to a client using linked online resources. They complete the assignment which is outlined in four steps and includes researching the GNP and inflation rate, explaining trends of the last year, creating a chart of these trend indicators, and synthesizing information in a forecast report. Consider providing some guidance or introduction to the many resource links to get learners started without becoming overwhelmed. Check all links as some may not work.
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.
Intermediate English learners read short descriptions of how capitalist and communist systems function and answer the question: "What countries follow this economic system?" Frontload economics vocabulary; some relevant words are highlighted in the text. Change the spelling of "loose" (to "lose") in the first paragraph before copying this one-sheet for your class.