Carolina K-12
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in producing a car and using that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources, and...
Curated OER
Scarcity, Choice and Decisions
Students study the basic economic trilogy (scarcity, choice, and costs). For this money management lesson, students use a scenario of a High School Prom to calculate how scarcity, choice and cost apply by completing provided worksheets...
Illustrative Mathematics
Field Day Scarcity
Introduce young mathematicians to concepts of financial literacy with this open-ended word problem. With seven dollars to spend during field day and given a list of available items and their prices, children must determine how they want...
Curated OER
Scarcity and Opportunity Cost - To Choose Is To Refuse
Young scholars are introduced to scarcity and opportunity costs. They discuss how different societies allocate their resources differently based on their needs. Illustrating trade offs, they create a production possibility frontier. They...
Bowland
Water Availability
Just how scarce is water in different parts of the world? Through these water lessons, young data analysts use provided data to investigate the scarcity of water in countries of the Middle East and Africa. They use ratios and rates to...
Curated OER
Economic Goals and Measuring Activity
Explore the role of government in the economy market. Young scholars analyze the economic decision-making process and how it takes into consideration additional cost, benefits, and public awareness of what they are trying to accomplish....
Curated OER
Basic Trading
Students review the basic ideas of exchange. In groups, they discover the incentives for trade and participate in a simulation. They are given a packet of stamps which are worth varying monetary amounts. They discover the concepts of...
Curated OER
Budgeting Your Financial Resources
Students explore the aspects of making a budget. In this money management lesson, students learn the importance of budgeting and what all goes into creating a budget by eventually creating a budget of their own including how much they...
Curated OER
Trade Offs and Opportunity Cost
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
Curated OER
The Economy
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
Curated OER
The Role of Public and Private Sectors
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
Curated OER
Why People Trade
Young scholars explore the role of government in the economy market. In this economics instructional activity, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of...
Curated OER
Inside the Vault-Entrepreneurship
Students explore entrepreneurship. For this economic study lesson, students take a pretest on attitudes, review characteristics that make up an entrepreneur, review a list of famous entrepreneurs, and create a 5 minute oral presentation...
Curated OER
Rebuild Your Community
Students explore the Gulf Coast disaster and what it took to rebuild the community surrounding it. In this economic development lesson, students watch a video from the Nightly Business Report and explore what all it takes to make up a...
Curated OER
Satisfying Wants
Middle schoolers describe the difference between a want and a need. In groups, they brainstorm a list of all of their wants and the method of exchange that is going to allow them to be satisfied. They discover how having money makes...
Curated OER
Using My Money Wisely
Learners discuss the costs and benefits of spending and saving their money. They identify a decision-making process to money decisions. They also examine their opportunity costs.
Curated OER
Entrepreneurship: Creating Products and Systems That Meet the Needs of Your Clients
There is no better way to learn about a subject than with a hands on project. Middle schoolers design and create a product that meets the needs of fictitious clients. They view a PowerPoint, consider how the Western marketing style is...
Curated OER
Producers of Goods and Services
Students use newspapers to brainstorm a list of the producers of goods and services in their community. In groups, they organize coupons based on the good or service and create a chart to organize the information. They discuss the...
Curated OER
Invest In Yourself
Young scholars learn about budgeting, saving, dept, financial management, opportunity cost, and self-regulation. In this financial management lesson plan, students apply their knowledge of finance components and create their own web...
Curated OER
The Power of Compounding
Sixth graders examine the concept of compounding interest on invested money. They explore how much interest their money would earn through compounded interest. Students conclude that they should invest early and often.
Curated OER
Classifying Resources
Students discuss the difference between the three types of productive resources. In groups, they classify and organize examples into the correct category on a chart. As a class, they discuss how each type is used in the production of a...
Curated OER
Market Structures and Competition
Students review concepts related to market structures and competition. Using supply and demand, they identify what factors cause them to shift and analyze business downward facing demand curves. They compare and contrast the abilities of...
Curated OER
Unit Plan Template
Use this U.S. History unit plan as a template for creating your own! Simply download the resource and edit the text fields with your own customized unit plan. This is a great jumping-off step, especially for newer teachers.
Curated OER
A Proper Role for Government - Seeking Perfection in an Imperfect World
Young scholars discuss the proper role of government in the economy. Reviewing the foundations for a market economy to work properly, they decide how to best direct resources to get the most out of them. They distinguish between private...