Curated OER
Economic Activity and Markets
Students identify and interpret that economic activity involves making choices in the face of scarcity, therefore making choices involves a cost. They also identify that individuals interact in markets by inducing one another, through...
Curated OER
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.
Curated OER
The Game of Business
High schoolers practice the economic concepts of scarcity and opportunity cost. They imagine creating their own businesses and brainstorm what they need to know in order to determine when the business is profitable.
Curated OER
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.
Curated OER
What Will I Do?
Eighth graders investigate future career choices by looking at classified ads in the newspaper. They consider their lifestyle choices when looking at career options. They prepare a written essay which details how they will prepare for...
Curated OER
Ethical Consumer Choices in the Global Village
Students identify an issue and provide several reasons to support a position. They describe ways members of a community meet one another's needs. Students explain their roles, rights, and responsibilities within the community.
Curated OER
Introduction to Economics
Students demonstrate an understanding of the concepts of unlimited wants and limited resources. They participate in an activity using money to purchase goods and services. Students evaluate benefits and costs resulting from personal...
Curated OER
The Case of Vanishing Farmland
High schoolers consider decisions about how to use resources that are in short supply. Students role-play different perspectives in a land-use simulation, and examine land use issues around the world. This interesting instructional...
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Budgeting Your Financial Resources
Students explore the aspects of making a budget. In this money management lesson, students learn the importance of budgeting and what all goes into creating a budget by eventually creating a budget of their own including how much they...
Council for Economic Education
Production Possibilities Curve
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,...
Curated OER
The Energy Grab Game
Eighth graders explore the scarcity of energy resources. They also explore the competition for natural resources and the inadequate distribution of natural wealth among the Earth's nations.
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"Real Life" Budgeting Project
Pupils experience what it is like to be a responsible citizen through a monthly budget through using a variety of research skills.
They apply collected data in a decision making exercise and
present the final product in a clear and...
Curated OER
Andersonville Prison: A Civil War Economic Microcosm
Students develop the concept of economic systems. In this economic system lesson, students create command and market economic systems.
Curated OER
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.
Curated OER
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...
Curated OER
Micro Economics - Personal Budgeting
High schoolers explore the real world as it relates to money and how people use it. In this money management lesson, students jump into the real world as they role play with money through spending, saving, being married, single, having...
Curated OER
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...
Curated OER
Local Governments Don't Do Much ... Or Do They?
Students study and explore their local government. They role play members of their City Council and various constituents as they discuss a variety of subjects typical of a city council meeting.
Curated OER
Invest In Yourself
Students learn about budgeting, saving, dept, financial management, opportunity cost, and self-regulation. In this financial management lesson, students apply their knowledge of finance components and create their own web based plan...
Curated OER
Budgeting Your Financial Resources (The Mint)
Students plan and maintain balanced budgets.
Curated OER
What About Shady Acres?
Students participate in a simulation activity where they must decide whether or not to preserve an untouched forest. During the role play, students attend public hearings, discuss the pros and cons of nature development, create...
Curated OER
Budgeting-It Is For Everyone
Students complete a simulation designed to show them the importance of budgeting and avoiding living paycheck to paycheck.
Curated OER
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...
Curated OER
Economic and Social Changes in the High Middle Ages
Students investigate the economic and social changes that occurred in the High Middle Ages. They listen to a lecture and take notes, and in small groups compose a medieval charter and role-play its presentation to the class.