Council for Economic Education
What Do People Want to Wear?
Who doesn't love fashion, especially when it can be applied to economics, supply, demand, market trends, and price equilibrium. Curious young consumers examine market scenarios to determine their effect on the demand and price for...
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Production and Costs
Learners discuss the concept of productivity and participate in an activity in which they test their own productivity in making Origami cups. Teams determine how to improve productivity and then discuss factors that influence...
Council for Economic Education
The Economics of Income: If You’re So Smart, Why Aren't You Rich?
If basketball players make more than teachers, why shouldn't learners all aspire to play in the NBA? Unraveling the cost and benefits of education and future economic success can be tricky. Economic data, real-life cases, and some...
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Lesson 11: Lowell Workers and Producers Respond to Incentives
Students explore concept of supply and demand and how changes in supply affect price and quantity of goods.
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Teaching Marketing Through Auctioning
Students explore the marketing concepts of product, price, promotion and place through the auction activity.
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Recording Artist and MP3 Players
Students explore the concept of being a recording artist. In this recording artist lesson, students determine the costs of producing various music products such as a demo tape, 8-track tape, and a record deal. Students discuss supply,...
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Is My Business Your Business?
Students examine how businesses practice sound waste management. They discuss how to plan a business, identify how to make the least impact on the environment in planning a Kool-Aid stand, and complete Business Costs Worksheets for the...
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Competition and Market Structure
High schoolers participate in a simulation in which some are buyers and some are sellers in a trading activity. They set their own prices and record transactions. Then they calculate who made the biggest profit. They discuss the results.
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Labor Markets
Students examine labor markets by participating in an employer/employee simulation and in group discussions. They discuss mandated employee benefits and predict the effect they have on various parties.
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Oklahoma Wheat on the World Market
Sixth graders explore profit and loss in the wheat trading market. In this sixth grade mathematics lesson/social studies lesson, 6th graders play a “Wheat Market Trading Game” in order to investigate the concept of supply and demand and...
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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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Economics: Incentives, Profit, and the Entrepreneur
Young scholars discuss both positive and negative economic incentives. For this lecture-based lesson, they examine a simulation about profiteering drug companies and what might happen if the FDA controlled drug production.
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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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"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...
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Investment
Explore the effects of foreign investment on the world economy. Learners read the noted articles about foreign direct investment and foreign portfolio investment. Then participate in classroom simulation that requires them to determine...
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Micro Economics - Personal Budgeting
Students 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...
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The Trial of Monty Terry
Students 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...
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Food Systems Feed the World
Students discover how getting food from farm-to-fork involves several steps and many hands. In this interactive food chain lesson, students respond to a series of questions about food distribution then work collaboratively to create a...
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Seeking a Balance in International Trade: Pacific Rim Import-Export Transactions Activity
Twelfth graders explain the concepts of marketing, comparative advantage and the uses of monetary policy to affect markets.
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Marketing A Restaurant
Students 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"...
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Economics: Who Benefits from Competition?
Young scholars 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...
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Unit on Globalization and Foreign Investment
Twelfth graders examine the role of investment in an economy. They compare and contrast the different types of foreign investments. They also examine the differences between foreign direct investments and foreign portfolio investments.
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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.
