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Source Search: Agricultural Products
Farmers just farm, right? Find out how important agricultural products are to our modern society. Learners will explore the foods, textiles, and fuels made from industrial farm goods. They'll also explore the idea of choosing an...
Carolina K-12
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in producing a car and using that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources, and...
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The True Cost of Coffee
Young scholars examine the economic, health and environmental risks of being a one-crop country. They explain the risks of relying on one crop. They also identify the factors that resist change.
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Measuring Economic Success
Students are introduced to the Gross Domestic Product and what this number tells us about the economy of the United States. In groups, they discuss what constitutes a healthy society and if the GDP is an accurate representation. They...
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Trade Offs and Opportunity Cost
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
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Pollution or Prevention?
Students examine potential contamination on the environment due to products and by-products of a new industrial process. Students conduct a lab that explores the economic differences between choices of pollution cleanup and prevention.
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Gross Domestic Product in the Real World
High schoolers gain knowledge of Gross Domestic Products and how they are used as an economic indicator. They bring articles that mention GDP and decide how it is used in articles. Students present orally their findings to the class.
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Scarcity and Opportunity Cost - To Choose Is To Refuse
Students are introduced to scarcity and opportunity costs. They discuss how different societies allocate their resources differently based on their needs. Illustrating trade offs, they create a production possibility frontier. They...
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Farmers Dilemma
Students investigate the "futures" market and how it affects farmers by completing a prediction activity utilizing bags of M&Ms. While completing this activity, students practice basic mathematics skills and reinforce economic terms.
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Market Basics: Demand, Supply, and Price Determination
Learners are introduced to the concepts of supply and demand. Using the Law of Demand and Supply, they develop charts and graphic models of supply and demand. They compare and contrast the behavior of consumers and suppliers when there...
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The Economy
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
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Uncle Jed's Barbershop
Fourth graders examine productive resources. In this economics lesson, 4th graders read a book about a man who saves money to buy his own barbershop. After reading, students get into groups to play a game to learn about savings.
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Spraying Strawberries
Young scholars examine the concept of dimishing marginal productivity. They role play the role of a farmer who has to decide how many times to spray his strawberry crop. They complete a chart and discuss the results.
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Diminishing Returns
Students play an economics game to learn about the law of diminishing returns. The lesson can be used to link to other concepts. The difference of production and productivity is explored.
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Rebuild Your Community
Students explore the Gulf Coast disaster and what it took to rebuild the community surrounding it. In this economic development lesson, students watch a video from the Nightly Business Report and explore what all it takes to make up a...
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Economics -- Third Grade
Third graders read the Dr. Seuss book The Lorax. In groups, they answer questions that are related to economics and distribution of goods. They also identify the environmental issues present in the book and perform a skit in front of the...
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Fluctuations in the Price of Oil
Students examine the fluctuating gas prices and the effect it has on the Canadian economy by reviewing an online database that contains information on the retail price of gas for Canada's largest cities.
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Discovering Math Concepts in Business Mathematics, Economics, and Finance
Explore the concept of money and research its origin. There are many concepts related to business math, thusly, there are many formulas used to make calculations around money. Exchange rates of money in different countries, interest,...
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Inside the Vault-Entrepreneurship
Students explore entrepreneurship. In this economic study instructional activity, students take a pretest on attitudes, review characteristics that make up an entrepreneur, review a list of famous entrepreneurs, and create a 5 minute...
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Sustainable Dining
Students identify consumer products and sustainable foods. They calculate the differences in prices and applying those prices to the cost of a meal. They also discuss the costs and benefits of buying sustainable products.
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Ayiti Lesson 1: Play the Game
Students participate in an economics role-playing video game demonstrating social responsibility In this economics lesson, students play "The Cost of Life" game which requires students to think critically to make decisions, identify...
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Birdseed Mining Activity
Learners investigate how small amounts of minerals or metals are mined out of very large masses of rock using birdseed. They study the economics of valuable commodities. They look at environmentally conscious mining and how reclamation...
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Market Changes
Students explore the role of government in the economy market. In this economics instructional activity, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they...
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Externalities, Property Rights and Pollution
Pupils identify the various externalities for any type of production. Using that information, they examine situations in which they are positive and negative. They discuss government efforts to protect the environment and humans. In...