Council for Economic Education
Jokes, Quotations, and Cartoons in Economics
Humor offers a great tool teach the basics of economics to scholars via video clips, satire, and political cartoons. Individuals create their own economic humor to present to the class—with the assistance of Daryl Cagel's online...
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Economics Study Guide
Use this resource as a basic review of economic principles. There are six questions relating to the factors of production, opportunity costs, wants and needs, tangibles and intangibles, and more.
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Teaching Basic Banking Principles
Students explore basic banking principles and the value of money as they probe into the lesson. The case of Gus Mahler is examined as students discover the money making dealings of the banking industry.
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Teaching Basic Banking Principles
Students listen to the story, "Recollections of Pine Gulch, 1840-1860" to determine how banks "create" money, what reserves are, and what a "run" on a bank is.
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The Foundation of Economics
This is a one-stop shop as an introduction to Economics; review 53 slides covering the basics of most economics principles with images and instructor notes. Journey from Adam Smith and the foundation of modern economics to concepts such...
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Values, Wants, and Needs
Build a basic understanding of four fundamental economic principles. Defined here are the concepts of value, scarcity, want, and need. All of these terms are very important to understand when discussing economic choices or cost/benefit...
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Introduction to Economics
Students discover the basic economic problem: scarcity; examine how "there is no such thing as a free lunch" (opportunity costs); and define economics. They act out a play demonstrating basic economic principles.
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Types of Economic Systems
As an introduction to economics, government classes investigate different types of economic systems (traditional, command, market or capitalist, mixed) to determine answers to basic question about how goods are produced.
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Basic Cooking Principles
For this home economics worksheet, learners find the terms that are related to the subject of cooking. The answers are found when clicking the button at the bottom of the page.
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Economic Reasoning: Why Are We A Nation Of Couch Potatoes?
Students examine the visual aids of this lesson to study the costs and benefits of decisions about diet and exercise. They investigate human choice as it affects behavior and in turns effects economics and consequences.
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Do You Really Need It?
A large part of understanding personal finance and economics is grasping the concept of wants and needs. This presentation provides students with basic yet effective definitions of wants, needs, and how they effect advertisements and...
Council for Economic Education
Production Possibilities Curve
Demonstrate the important economic principles of the production possibilities curve, including how to calculate opportunity cost and graph curves by using a table or calculation. Learners use a variety of methods, including videos,...
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2nd Grade Social Studies
Having a basic understanding to how our economy works is a great way to help students understand the world around them. This Social Studies presentation focuses on defining the concepts of trade, goods, service, wants, needs, and...
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Community Treasures (Rivers and Trees): An Integrated Curriculum Unit
Third graders demonstrate an understanding of geography and its effects on lifestyles and culture. Then they apply basic economic terms and principles
and identify the United States government and history. Students also identify and...
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Making Sense of the World Economy
Students apply the economic principles of supply and demand, market economy, competition, unemployment rate, exports and imports and currency exchange rate to China's present economic success and Russia's economic strife.
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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...
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Economics
Fourth graders study the effects of economics in their daily life. In this economics lesson, 4th graders construct a list of wants and needs if they had an unlimited supply of money. Students discuss how economics help people make...
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Country Economic Organization
Eighth graders research the economic systems and organization of another country. They prepare a PowerPoint presentation for the class showcasing their findings.
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All I Really Need!
Students differentiate between wants and needs. In this basic needs lesson, students prepare to pack for a trip to grandma's house and determine what they need for the trip and what they want for the trip.
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Money Simulation (mini economy)
Students participate in a local, classroom economy in both the resource and products market. They track all transactions and learn economic principles and concepts.
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Government Lesson Plan 16
Students identify different economic systems, compare economic systems by determining how the three basic economic questions are answered in each, and explain concept of mixed economies.
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In Great Demand
Focusing on supply and demand, learners discuss economic principles in this lesson related to Wisconsin. After discussing supply and demand, learners answer questions related to a pizza parlor. They talk about profit, as well as other...
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Economic Decisions in Other Systems: Comparative Systems
Students identify and describe the charactertics in each economic system. In groups, they discuss how economic decisions are made in each system and use the Internet to research Chad, United States and North Korea's economic systems. ...
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Economics Unit I - The Basics
Twelfth graders access how scarcity requires individuals and institutions to make choices about how to use available resources. They explore the characteristics of different economic systems and institutions. Student are able to describe...