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Comparison of Economic Systems
Here is a worksheet in which learners identify and compare economic systems (market, command, mixed, etc.) with 18 fill-in-the-blank questions and a graphic organizer.
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Producers, Consumers, Goods and Services
Second graders explore producers and consumers. In this social studies lesson plan, 2nd graders read a story and discuss the concept of producers, consumers, goods and services. Students portray various roles and discuss if they are a...
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Types of Economic Systems
As an introduction to economics, government classes investigate different types of economic systems (traditional, command, market or capitalist, mixed) to determine answers to basic question about how goods are produced.
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Lemonade For Sale
2-3rd graders listen to the story, Lemonade for Sale, by Stuart J. Murphy. In the story, children produce and sell lemonade to raise money for their clubhouse, create a product, classify the resources used in production as natural...
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Producing and Consuming
Second graders make a booklet. In this economics lesson, 2nd graders define producers and consumers. They make an assembly line accordion booklet to demonstrate how producers and consumers work together to make and use goods.
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Focus on Economic Data: US Real GDP Growth, August 26, 2011
Young economists answer a series of critical thinking questions as they analyze real data that shows GDP Growth. They examine the provided charts, read through the background information, and discuss changes that occurred in the third...
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The Great Cookie Company
Fourth graders implement real life application of money, problem solving, economics, and consumer awareness. In this three week economics unit, 4th graders operate a business, write checks, balance accounts, and market their product.
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The Little Red Hen Makes a Pizza
Make a study of producers and consumers with an updated version of the classic story The Little Red Hen (this one is called The Little Red Hen Makes a Pizza). After reading and discussing the story and terms, learners practice being...
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Can We Be Both Conservationists and Consumers?
Students explore their role as consumers and conservationists and what roles they play in today's economic climate. They explore resource allocation issues. Students analyze data and draw comparisons between historical and present-day...
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Oil: The Problem or Solution to the World's Economic Future
Students map the major oil producing and consuming countries and regions. They identify current and future topographic and political problems that could affect the production and transportation of oil.
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The Economic Way of Thinking - About Everything
Young scholars write their definitions of economics on index cards and revise them as the lesson continues. They discuss the principles of economic reasoning and after completing a quiz, use economic reasoning to solve "real life"...
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Economics: What Are Some Other Uses for Rice?
Sixth graders investigate ways rice is sold by creating a chart of the different rice foods. In this economics lesson, 6th graders examine their local food store and list at least 10 rice by-products in a class chart. Students discover...
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Getting to Know the Products from Trees
In this tree products lesson, young scholars read the book Tell Me,Tree: All About Trees for Kids, discuss how people make products from wood, define producers and consumers and then go on a treasure hunt for wood products at home and...
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Resources
Young scholars watch a video in which they tour a factory. While viewing the video, they take notes on the types of resources they see and group them according to natural, human or capital resources. They discover the difference between...
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Fresh Produce North of 60
Teen-agers discuss how fresh produce is brought into areas that do not have agreeable growing conditions and read an article from Canadian Agriculture at a Glance. They write an essay about projects that may help provide food in these...
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Economics: People as Producers and Consumers
Students examine the dual roles of producers and consumers in people by creating fictional stories that include examples of both. Their stories include descriptions of the tools and skills needed for the jobs of their characters and...
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Producers and Consumers
Third graders identify the relationship between producers and consumers and supply and demand. They listen to a lecture and complete a variety of graphic organizers to show their understanding.
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Economics: Products of South Louisiana
Students explore the economy of Louisiana. For this economics lesson, students examine the roles of farmers, processors, and distributors in food production and consumption. Students use flip cameras to record how selected products are...
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Economic Concepts and Definitions
Third graders identify producers and consumers in SE Utah and Four-Corners communities. They identify the factors that determine economic development and name some occupations in their community. They show and share their graphic...
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Economic Community
Fourth graders assume different jobs of a community and understand the terms goods, services, producer, and consumer. In this community lesson plan, 4th graders answer short answer questions to show their knowledge of the terms.
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Time, Talent, Treasure and Economics
Young scholars work cooperatively to create a quilt. They choose a pattern and determine the specific skills and steps needed to produce that quilt. Labor is divided equally between group members and a quilt is created assembly line...
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Markets
Students examine the different types of economic markets. They identify rewards and penalties for different types of behaviors in different markets. They also examine the role of supply and demand.
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The National Economy - Measures and Models
Students review economic goals and evaluate progress in achieving those goals. They focus on equity, efficiency, economic freedom and growth. They provide and example of a production decision for the economy as a whole.
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First Grade Economics Unit
First graders begin by studying the differences between a "good" and a "service". They compare items to each other to help comprehend the differences. They also look into the differences between buyers and sellers and how the choices...