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Lesson Plan
Visa

Savvy Spending: Sharpening Money Decisions

For Teachers 9th - 12th Standards
Do you really need that new laptop/phone/dress/jacket/etc.? Financial decisions require us to distinguish between our wants and our needs. Through discussion and the evaluation of scenarios on provided worksheets, this resource will...
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Assessment
Carolina K-12

Sample Test: Economics

For Students 9th - 12th Standards
From scarcity and marginal benefits and costs to economic systems and GDP, this 22-question multiple choice test covers some of the most fundamental concepts of economics.
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AP Test Prep
College Board

2018 AP® Microeconomics Free-Response Questions

For Students 10th - 12th Standards
How much should Nirali study for her history and economics exams if she has a limited amount of time for both? Scholars consider opportunity cost in using this real-world scenario from College Board. Other questions include looking at a...
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Lesson Plan
Council for Economic Education

Production Possibilities Curve

For Students 9th - 12th Standards
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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Activity
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Council for Economic Education

Christopher Columbus, Entrepreneur? Queen Isabella, Venture Capitalist?

For Students 5th - 8th Standards
What did it take to embark on a journey to unknown lands? Perhaps ambition, but also money! Christopher Columbus had to approach more than one European monarch for financing before he could sail the ocean blue. A read-along play and...
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Lesson Plan
Council for Economic Education

Opportunity Cost

For Teachers 9th - 12th Standards
The price of those new shoes involves more than just money! Individuals explore the concept of opportunity cost using a video clip and gratification discussions. They prepare a budget based off of their set of values in regards to...
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Lesson Plan
Council for Economic Education

Specialization and the Decathlon

For Teachers 9th - 12th Standards
Michael Phelps, the economist? Scholars research the economic advantages of specializing in one kind of service, and how it relates to athletes doing the same in their respective sports. They evaluate absolute advantage, production, and...
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Lesson Plan
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Federal Reserve Bank

Lesson 1: Katrina Strikes

For Students 7th - 12th Standards
Most families have an emergency kit in their home with flashlights, water, and extra food. But what happens to your money when disaster strikes? An economics lesson focused on the aftermath of Hurricane Katrina in 2005 demonstrates the...
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Activity
Curated OER

Susan's Choice

For Teachers 2nd - 3rd Standards
Young economists explore opportunity cost by counting how much money Susan has in her piggy bank. From here, they are challenged to help Susan make a choice about what she can buy with her money. 
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Unit Plan
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Practical Money Skills

Making Decisions

For Teachers 9th - 12th Standards
Money represents decisions: spending decisions, saving decisions, and investing decisions. Encourage young adults to think about the decisions they make with their money in a three-day unit about personal finance, consumer spending, and...
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Lesson Plan
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Practical Money Skills

Making Decisions

For Students 6th - 12th
A set of quizzes and assessments would make a great companion to your lesson on making decisions and opportunity risks. Learners watch a PowerPoint before answering multiple choice questions about interest rates, saving money, and the...
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Lesson Plan
Federal Reserve Bank

Something Special For Me

For Teachers 1st - 3rd Standards
People often save money, but what are the benefits and drawbacks of that action? Youngsters learn about saving, savings, and opportunity cost through the lens of a short book, called Something Special for Me.
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Lesson Plan
Federal Reserve Bank

Glo Goes Shopping

For Teachers K - 3rd Standards
Making decisions can be very difficult. Show your class one way to evaluate choices with this lesson, which is inspired by the book Glo Goes Shopping. Learners practicing using a decision-making grid with the content of the story and a...
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Lesson Plan
Federal Reserve Bank

The Pickle Patch Bathtub

For Teachers 3rd - 5th Standards
What do your pupils want to save up their money for? Based around the book The Pickle Patch Bathtub, this lesson covers opportunity cost, saving, and spending. Learners participate in a discussion and practice making their own savings...
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Lesson Plan
Federal Reserve Bank

On the Court with... Michael Jordan

For Teachers 5th - 7th Standards
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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Lesson Plan
Federal Reserve Bank

Beatrice’s Goat: A Lesson on Savings Goals

For Teachers 3rd - 5th Standards
Youngsters learn the meaning of saving and how to reach savings goals by first reading a story of a young Ugandan girl who is gifted a goat, and then discovering the opportunity costs of savings decisions made by her and her family.
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Unit Plan
Council for Economic Education

Teaching Economics Using Children's Literature

For Teachers 1st - 6th
Introduce young learners to the subject of economics using their favorite stories and books. Including 24 separate lessons, this guide covers economic principles such as trade, scarcity, consumer goods and services, renewable and...
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Worksheet
Federal Reserve Bank

Choices Are Everywhere: Why Can’t We Just Have It All?

For Students 11th - 12th Standards
Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics. 
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Worksheet
Federal Reserve Bank

The Legacy of the Olympics: Economic Burden or Boon?

For Students 9th - 12th Standards
Do the economic benefits of major sporting events such as the Olympics or the World Cup outweigh the expected costs? Using fundamental economic terms, discover the explicit and implicit costs and benefits for countries that host these...
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Lesson Plan
Visa

Making Decisions

For Teachers 7th - 10th Standards
What economic factors can influence personal and financial decisions? In an effort to understand opportunity costs and the time value of money, pupils engage in role-playing activities and discussion, as well as view a PowerPoint...
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Lesson Plan
Curated OER

Identifying Opportunity Cost

For Teachers 9th - 12th
Students work together to examine the concept of opportunity costs. They complete a practice problem and solve other problems during the class period. They share their solutions with the class.
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Lesson Plan
Curated OER

Specialization and Voluntary Exchange

For Teachers 12th - Higher Ed
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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Lesson Plan
Curated OER

Consumer Borrowing and Spending

For Teachers 11th - 12th
Credit can be confusing for teens, some of whom are already using credit cards. Clear up misconceptions with this group research activity which has a solid outline with a lot of room to adjust to your needs and resources. Groups are...
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Lesson Plan
Curated OER

Location of Resources in Early Civilizations

For Teachers 6th
Sixth graders define scarcity and opportunity costs.