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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...
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Starting Your Own Business
Fifth graders read a book and complete several correlating activities to learn how to start their own business. For this economic and math lesson, 5th graders read the book The Toothpaste Millionaire. Students define the term...
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Marketing A Restaurant
Pupils simulate the opening and operating of a restaurant using the Four P's of Marketing. Students play the roles of all the people involved in the restaurant business, as well as customers, as they act out various "restaurant" scenarios.
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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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Marketing a Child Care Service
Learners explore the concepts of marketing (product, promotion, price, place) through the process of promoting themselves as child care providers. They explain the four P's of Marketing and how they are used in business and in society....
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Buy Low, Sell High
Young scholars investigate the stock market and investing in corporate stocks by creating an investment portfolio. They develop database worksheets that track their stock's performance over a specified period of time. Students use...
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The Ice Cream Shop
Second graders read books about ice cream and plan an ice cream sundae party for the class. They research ingredients and determine how much the party cost each student. They hold a mock opening for an ice cream store and have their party.
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The Market Power Game
Students play a game to evaluate the power of competition in the four types of market structures. They describe characteristics and give examples of pure competition, monopolistic competition, oligopoly, and monopoly.
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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Lesson Plan: (Stock Market Investigation)
Students simulate making a $100,000 investment in the stock market following a specific set of criteria. They track the stocks for two months, buying and selling stocks in a diversified portfolio.
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Mercury Emissions: "Cap and Trade" Game
Students identify the role of government in protecting the environment, and participate in a game where they run a profitable or unprofitable power plant in changing market conditions. They summarize the pros and cons of emissions credit...
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"Breadline": The Great Depression Causes, Consequences and Recovery
Young scholars compare prices of popular items of late 1920s to cost of those items presently, determine which companies are best in which to invest, analyze causes and consequences of stock market crash of 1929, and evaluate...
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Japan's Economic Miracle
Students explore the concepts of price and demand. In groups, pupils simulate the purchase and selling of land in Japan. They create a loan, and make decisions to buy or sell as the economic market fluctuates. Classmates discuss their...
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Road Trip!
Learners plan a road trip, choosing destinations to visit and determining how much the trip cost. They create a journal that illustrates how they got from one place to another, and includes an expense sheet for each stretch.
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Investing Money
Sixth graders participate in an simulated investment activity. They examine the purpose of different types of investments before they predict which will be the most successful. Finally, they simulate investing $1,000 in stocks, $1,000 in...
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Inside the Vault-Entrepreneurship
Students explore entrepreneurship. In this economic study lesson, students take a pretest on attitudes, review characteristics that make up an entrepreneur, review a list of famous entrepreneurs, and create a 5 minute oral presentation...
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Economics: Who Benefits from Competition?
Students examine competitive markets and complete a simulation called "The More. the Merrier." In the simulation they assess how goods are more available when competition increases. Students investigate how competition and the opening of...
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Economics: Incentives, Profit, and the Entrepreneur
Students discuss both positive and negative economic incentives. In this lecture-based instructional activity, they examine a simulation about profiteering drug companies and what might happen if the FDA controlled drug production.
Council for Economic Education
NOT Your Grandma's Lemonade Stand
Learners participate in a WebQuest to apply economic concepts. In this economics lesson plan, students are guided to various websites and simulate being an entrepreneur.
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Micro Economics - Personal Budgeting
Students explore the real world as it relates to money and how people use it. For this money management lesson, students jump into the real world as they role play with money through spending, saving, being married, single, having...
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The Trial of Monty Terry
High schoolers research and analyze the Federal Reserve System. They participate in a reader's theater, acting out the roles typical of a courtroom drama as they determine whether the defendant, Monty Terry, is guilty or innocent of...