Scarcity and Choice Teacher Resources
Find Scarcity and Choice educational ideas and activities
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Recession is Not Recess
An impressive lesson plan produced by The Washington Post on various aspects of economics. This nine-page page lesson plan has an amazing variety of activities embedded in it for high school students. There are great worksheets, websites, articles, and in-class economic simulations embedded in this plan.
9th - 12th Social Studies & History 8 Views 53 Downloads
Basic Economics Lesson 1 - Humans Act
Basic economics, according to this narrator, is based on human actions. This is a very academic video that describes economics in terms of means and ends, scarcity and choice. Note: This clip may be a bit dry for some students and is best used with those in the 11th or 12th grade.
7 mins 9th - 12th Social Studies & History 6 Views 4 Downloads
Young scholars explore the economic forces of scarcity and choice. They examine how these forces affect the management of personal financial resources, shape consumer decisions, and the economic well-being of society. Students research stock choices and track their stocks over a period of time.
8th - 12th Social Studies & History 3 Views 1 Download
Scarcity and Choice
Students participate in a role play as producers of two goods, allowing students to experience scarcity. They make choices about using their scarce resource to produce both or one of two goods. Then they construct production-possibilities curves.
9th - 12th Social Studies & History 12 Views 39 Downloads
Scarcity and Choices
First graders gain an understanding of the scarcity of resources and how it affects the choices that we make in our everyday lives. Students will participate in a variety of activities such as literature analysis, shopping, journal writing and class discussions.
1st Social Studies & History 10 Views 25 Downloads
Fifth graders build upon knowledge and skills that allow them to understand the concept of opportunity cost. In this mathematical economics lesson, 5th graders define opportunity cost, and analyze situation where economical choices must be made.
5th Social Studies & History 4 Views 15 Downloads
To Market We Will Go
Introduce your class to the world of economics in this ELD lesson plan, which takes them through a market simulation. They work in teams to create businesses and produce products or services. Each team must buy materials as well as pay off loans and make hourly wages.
2nd - 9th English Language Development 16 Views 108 Downloads
A History of Trade
Eleventh graders study the history of world trade. In this economics lesson, 11th graders collaborate to research how world events have affected world trade through the years. Students present their findings to 9th grade students and write reflection papers about the project.
11th Social Studies & History 3 Views 33 Downloads
What Came From Where?
Students research patterns and networks of economic interdependence. They work cooperatively to create 3-dimensional representations of common objects and charts describing the objects' components and countries of origin. Students identify where raw materials originate and are manufactured, and find countries at all stages of the process on a world map.
4th - 12th Language Arts 3 Views 2 Downloads
Document: advertisements Change Business
Students consider how new technology is incorporated into an economic system. In this economics lesson, students analyze advertising images form the 19th and 20th century to discover the economic connections between advertising, inventions, markets, and industrial growth that characterize the modern era.
7th - 8th Social Studies & History 5 Views 6 Downloads
Economics for Leaders Performance Assessment
High schoolers participate in a scenerio in which they are assessed on the material in previous lessons. In groups, they prepare a presentation based on their solutions to the given problem. They develop their critical thinking skills applying terms to a real-world issue.
9th - 12th Social Studies & History 3 Views 8 Downloads
Economics: Goods and Services
Students examine the production of goods and services and the development of economic systems. After discovering how scarcity drives production, they identify people in their communities who produce goods and services. Next, students create collages of goods and services from the past up to the present.
6th - 8th Social Studies & History 4 Views 31 Downloads
Economics: People as Producers and Consumers
Students examine the dual roles of producers and consumers in people by creating fictional stories that include examples of both. Their stories include descriptions of the tools and skills needed for the jobs of their characters and responses to price changes for those materials.
6th - 8th Social Studies & History 3 Views 12 Downloads
Economic Activity and Markets
Young scholars identify and interpret that economic activity involves making choices in the face of scarcity, therefore making choices involves a cost. They also identify that individuals interact in markets by inducing one another, through the prices they offer, to supply the goods each wants, and that there is nothing mysterious about this process.
9th - 12th Social Studies & History 10 Views 59 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