Council for Economic Education
The Economic System of Medieval Europe
How are economics and politics intertwined? Societies in the Medieval period used feudalism for both economic and military reasons. The arrangement provided safety and met other needs. Using the included simulation, individuals...
Curated OER
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.
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...
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
Money Simulation (mini economy)
Students participate in a local, classroom economy in both the resource and products market. They track all transactions and learn economic principles and concepts.
Curated OER
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...
Curated OER
Economics: Actions of Government
Young scholars examine the susceptibility of legislators to agricultural lobbyists to support subsidy programs. In small groups, they role-play as members of interest groups that might be affected by inflation.
Curated OER
Trading Around the World
Students role play as international traders from different continents. They negotiate prices and resolve trade barriers to better their understanding of free trade.
Curated OER
"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
What is Entrepreneurship?
Eighth graders describe the entrepreneurial process and how it relates to the economy. They work together in small groups to answer questions and participate in small business groups. They use the internet to gather information as well.