Arkansas Economics
The Bead Game
What better way to learn about different economic systems than to participate in them? An engaging bead game highlights the differences between market, command, and traditional economies. In small groups, 6th graders work through three...
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Lesson 9: Tracking Commodities
Over the corse of a month, small groups will monitor the price of a specific energy commodity and analyze it in relation to global and domestic events. They play a trade simulation game and create infographics showing what they've...
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How is the Game Played in an Economics Class?
Learners research companies, choose stocks, and create portfolios online while playing the stock market game.
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Calculating Profits from Selling Virtual Lemonade
Students set up and collect data for a virtual lemonade stand. In this entrepreneurship, economics, and technology instructional activity, students purchase ingredients, determine costs, and set up a virtual lemonade stand. Students...
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Specialization and Voluntary Exchange
Studnets participate in a trading simulation game in which they experience the effects of trade and how trade can increase wealth.
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Bead Game Simulation
Students have the opportunity to participate in the three basic economic systems, (market, command, and tradition).
Federal Reserve Bank
On the Court with... Michael Jordan
Pupils learn foundational economic concepts and consider the importance of decision-making, how to evaluate choices and alternatives, and the benefits of consistent training and practice by learning about the early life of Michael Jordan.
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Market Game in Oil
Students work together to participate in a market game in oil. Using their prior knowledge, they review how the interaction of buyers and sellers sets the price in markets. They identify the situations in which cause shortages and...
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Civics
Students study community organizations and learn about the types of power used to create change. In this community study lesson, students learn about the three sectors at work in a community, public, non profit, and private. Students...
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Spending
Students participate in a lesson that illustrates the concept of spending and how it effects the economy. Technology is integrated in this study with the use of a computer simulation of a pinball game that shows how fast money can be spent.
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Axis and Allies World War II Simulation
Young scholars investigate World War II through the computer game Axis and Allies. They discuss the basics of World War II before playing the game, spend eight weeks playing the game that is a simulation of World War II, and write a...
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Economics: The Scarcity Principle
Students discover how scarcity leads to economic choices. They examine its effect on individuals, business, and governments. Students simulate various scenarios to determine the role scarcity plays in each.
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The Paper Airplane Challenge: A Market Economy Simulation
Students have the opportunity to participate in a simulation that enables them explain the characteristics of a Market Economic System.
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Barter vs. Money
First graders listen to the book, Sheep in a Shop, that leads them to think about making financial decisions, trading, and the barter system. After the book is read aloud, a discussion ensues about some of the things that the sheep...
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The Black Plague
Students participate in a simulation game to experience the societal effects of the Black Plague during the Medieval Period. Information garnered during the game is used to discuss the current state of communicable diseases in our
world...
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How Banks Create Money
Learners participate in a simulation game to discover the role of banks in creating checkbook money through lending practices. They play a lending and borrowing game and use a money multipiler equation to solve problems associated with...
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TRADERS' GAME
Middle schoolers play a game aimed at demonstrating how relationships with other communities or countries affect the food and fiber system. The game simulates the unequal distribution of natural resources which creates the need for...
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Lesson 1 Who Owns the World?
Students experience how to turn firsthand knowledge of common products into a useful way of choosing stocks for the Global Stock Game. They engage in a simulation of buying stocks.
Council for Economic Education
Sand Art Brownies
Which is better, Coke or Pepsi? Pupils analyze the concept of substitute goods as they investigate the choice to purchase alternate products for better prices. Fun and practical, the engaging shopping exercise helps savvy scholars get...
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Lobster Roll!
Students collect data by playing a game that illustrates the delicate ecological balance between fishing, fishing regulations and fish populations. They graph and analyze the data and explain how economic decisions can affect the...
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Next Year's Seeds
Reading, a math game, and a simulation activity provide the engagement on a lesson about seeds and crops. Learners in grades two through four read an informational passage about crops, seeds, and farming. They highlight important...
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The Scramble for Wealth And Power
Students participate in a simulation activity involving the distribution of the world's wealth and power. The activity starts when 100 pennies, representing wealth and power, are spread on the floor and students must grab as many...
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Money Versus Trade
Students discover the importance of exchanging money in a market. In this economics lesson, students discover natural resources and how one can barter with those resources. In addition, students complete worksheets and discover the...
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Capitalism and Communism: What's the Difference?
Students discover the differences between capitalism and communism. They participate in a simulation activity in which they examine Marx's philosphy of communism. They also examine Zapatista communities.