Curated OER
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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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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Economics
Learners review economic trends from the past 30 years. They compare and contrast GDP and GNP. They identify other social indicators of economic progress as well.
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Do I Want or Need?
Students explore wants and needs. In this introductory economics lesson, students use a "pinch card" to display whether a familiar item is a "want" or a "need". Students listen to the book Alexander used to be Rich on Sunday by Judith...
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A New coat for Anna
Second graders participate in a bartering activity. They discuss the problems of bartering. Students read the book "A New Coat for Anna," by Harriet Ziefert. Students discuss the bartering Anna's mother did. They record the trades made...
Virginia Department of Education
Three Types of Rocks
Rock out with the second installment of a five-part series on earth materials and processes. Your budding geologists make observations of given rock samples and posit classification systems for rocks. They then learn about the accepted...
Curated OER
Marketing Occupations
Students identify and explain the variables effecting supply and demand in the marketing industry. Then they define the terms supply and demand and graph supply and demand curves on a standard grid. Students also formulate what happens...
Curated OER
The Magic of Markets
Students examine how exchange is trading goods and services with people for other goods and services or money. They examine how people voluntarily exchange goods and services because they expect to be better off after the exchange.