Council for Economic Education
Satisfaction Please! (Part 3)
Understanding the US government's role proves very important in the American economy, especially for consumers. Scholars learn about how varying government agencies help them when facing an issue. The third and final resource in the...
Council for Economic Education
New Sense, Inc. vs. Fish 'Till U Drop or Coase Vs. Pigou
Who is responsible for protecting the environment, and who should pay when it is damaged? The role of government and private industry is complicated. A role-play simulation prompts individuals to decide how to protect a fictitious town...
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Put Your Truss in Building Bridges
Students apply abstract concepts, such as stress, fulcrums, the law of gravity, and the strength of different geometric shapes. Groups of student contractors operate simulated architectural firms to create strong, economical bridges.
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A Command Economic System
Students discover the Command Economic System, which is found in countries like the Former Soviet Union, North Korea, and China. Students identify five characteristics unique to the Command Economy.
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Hey, I Don't Have Enough Stuff!
Third graders discover through this simulated activity that resources are unequally distributed throughout the world and that regions use resources differently. They, in groups, are assigned to research a different hemisphere.
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String Trade
Ninth graders discuss the concept of imports and exports in trade. They participate in a simulation that explores the interchange and relationships between natural resources, scarcity, politics and tariffs.
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Payment Parliament
Students investigate how the economy works by role playing in their class. In this money management activity, students read parts from a script for use in a role playing activity simulating the Federal Reserve and their payment...
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Life in Ancient Ghana, Mali, and Songhai
Students study the ancient African kingdoms of Ghana, Mali, and Songhai. They brainstorm what they know about ancient African kingdoms before investigating the trade and barter situations, and researching one of the kingdoms for an oral...
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It's About Supply and Demand
Watch an Instructional Television (ITV) video and participate in a simulation to explore supply and demand and how those two forces affect price.
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The Theory of Comparative Advantage
Students take a closer look at comparative advantage. For this economics lesson, students discover details about opportunity cost, comparative advantage, and absolute advantage. Students participate in a simulation that requires them to...
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European Union Role Play
Students compare and contrast the ways in which people and goods move between European countries prior to and post European Union creation. Students simulate product movement through four different countries prior to the creation of the...
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Desperation: The Great Depression
Students examined the feelings of hopelessness that can result from losing
their income, much like one-third of Americans experienced during the Depression in a small group lesson of a mock household. Students create a household budget...
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What Is the Federal Reserve?
Students examine simple bank transactions. For this banking lesson, students analyze banking transactions such as deposits, loans, and how they hold reserves. They participate in simulations of the process of clearing a check and the...
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Trading Rendezvous
Students explore the fur trade between the settlers and Native Americans. Through class discussion, students explain and give examples of how the fur trade worked. In groups, they simulate the fur trade using materials provided by the...
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American Immigration Past and Present
Students simulate a Commission hearing in which the class attempt to arrive at an immigration policy; individual essays by each student; and, if time permits, individual or group projects based on some aspect of America's immigration...
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Mining in Texas
In this mining and nonrenewable resources worksheet, young scholars read about mining in Texas and simulate the extraction of nonrenewable minerals. They use cookies and their components to represent the minerals they will mine and they...
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To Market to Market
Fourth graders research a product and participate in an integrated simulation of a free market economy where students will create, buy and sell a good or service. In completing this activity, 4th graders understand the concepts and...
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Emissions Trading
Students produce manufactured good, barter for sales, encounter government officials, make choices about emissions, trade carbon credits and share findings in order to understand how carbon trading could affect industry from an economic...
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India and Pakistan: a Simulation of Outcomes
Students become aware of world conflicts and how conflict resolution is used to minimize threats around the world. They analyze a current world conflict and utilize conflict resolution strategies to determine a viable peace initiative.
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Spending
Students participate in a instructional activity 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...
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Economics/Emissions
Learners produce manufactured good, monitor energy consumption, encounter international government regulations, make choices about emissions and energy, and share findings in order to understand how international commerce could affect...
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A Helping Hand: The Role of Guides During Western Expansion
Students research and examine the lives and culture of western mountain guides during the early to mid 1800s. Students write reports about a guide they research, do a simulation of the guide by keeping a journal, managing money and...
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Economics and emissions
Eighth graders produce a manufactured good and monitor energy consumption. In this Math lesson, 8th graders practice their basic math and accounting skills. Students participate in a business simulation.
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Life in a Soviet Household
Students simulate the transaction costs experienced by the average householder in the former Soviet Union. They consider time spent searching and waiting in line, scarcity of goods and the lure of the black market.