Council for Economic Education
Jokes, Quotations, and Cartoons in Economics
Humor offers a great tool teach the basics of economics to scholars via video clips, satire, and political cartoons. Individuals create their own economic humor to present to the class—with the assistance of Daryl Cagel's online...
Curated OER
Introduction To Economics
High schoolers examine the fundamental nature of economics - unlimited wants and scarce resources and the need to make choices, the three questions related to the economic problem and its implications for an economy. This lesson come...
Carolina K-12
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in producing a car and using that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources, and...
Curated OER
Conceptual Analysis in Economics
Help develop assertive, critical-thinking skills that enhance growth and change while teaching economics. In groups, select a topic from a list and then discuss the pros and cons of each topic. Debate why advertising is necessary to our...
Curated OER
Resources and Economic Development
Identify natural resources in the world and how they translate into economic development. In this global economy instructional activity, your class will utilize the Internet to view an Oregon Time Web which they research to examine the...
Curated OER
Globalization: Threat or Opportunity for the U.S. Economy?
Students study the pros and cons of globalization. They highlight the economic concepts of comparative advantage, specialization, and opportunity cost. They read and discuss the "FRBSF Economic Letter: Globalization: Threat or...
Curated OER
Identifying Opportunity Cost
High schoolers work together to examine the concept of opportunity costs. They complete a practice problem and solve other problems during the class period. They share their solutions with the class.
School Improvement in Maryland
Socio-Economic Goals of the Government
Equity. Increased productivity. Price stability. Environmental protection. Decreased poverty. Governments establish socio-economic goals and then must design and fund programs to address these goals. Groups investigate various...
Curated OER
Trade Offs and Opportunity Cost
Students explore the role of government in the economy market. In this economics instructional activity, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they...
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Trade Creates Opportunities
Students examine how trade can create economic opportunities and can be a impetus for social change. They research the "Asian Tigers" and design a class presentation.
Curated OER
Why Nations Trade
Students discuss international trade. In this trade activity, students read about comparative advantage and the benefits of international trade. Students perform a skills test to determine their individual specialization areas and write...
Federal Reserve Bank
Lesson 3: A Fresh Start
The members of your economics class may be busy earning graduation credits, but the credit they should be concerned about is their financial credit. The third instructional activity in a unit about Hurricane Katrina and other events that...
Curated OER
Economics Concepts
Students relate economics and government policies. In this lesson plan, students explore the relationship between economics and government policies. They understand how the economy works and can make better decisions as it relates to the...
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Economic Reasoning: Why Are We A Nation Of Couch Potatoes?
Students examine the visual aids of this lesson to study the costs and benefits of decisions about diet and exercise. They investigate human choice as it affects behavior and in turns effects economics and consequences.
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Opportunity Cost
Students study what opportunity cost is and why it is important to their lives.
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TECH: The Trading Game
Property ownership, restricted trade, and free trade are the topics of this game. Kids play a trade game to better understand the interrelationship between technology, economics, and personal choices. Rules to the game and a series of...
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How to Achieve Your Financial Goals
Young scholars explore economics by creating a budget. In this financial goal setting lesson, students investigate their use of time by completing a worksheet. Young scholars identify financial goals they would like to achieve in the...
Federal Reserve Bank
The Pickle Patch Bathtub
What do your pupils want to save up their money for? Based around the book The Pickle Patch Bathtub, this lesson covers opportunity cost, saving, and spending. Learners participate in a discussion and practice making their own...
Federal Reserve Bank
Something Special For Me
People often save money, but what are the benefits and drawbacks of that action? Youngsters learn about saving, savings, and opportunity cost through the lens of a short book, called Something Special for Me.
Education Fund
Fear the Scarce Resources
In a life or death situation, what resources would you choose to survive—and why? A zombie attack simulation teaches learners the concepts of scarcity and resources in regards to economics. The hands-on activity requires individuals to...
Curated OER
Introduction to Economics
Learners 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.
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Lesson on economic value of education
Students use economic reasoning to analyze both the short-term and long-term benefits and opportunity costs of educational choices, identify incentives that may influence students' career decisions and solve an "economic mystery"
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Economics Unit I - The Basics
Twelfth graders access how scarcity requires individuals and institutions to make choices about how to use available resources. They explore the characteristics of different economic systems and institutions. Student are able to describe...
Curated OER
Scarcity and Opportunity Cost - To Choose Is To Refuse
Students are introduced to scarcity and opportunity costs. They discuss how different societies allocate their resources differently based on their needs. Illustrating trade offs, they create a production possibility frontier. They...