Curated OER
The Theory of Comparative Advantage
Students take a closer look at comparative advantage. In this economics lesson, students discover details about opportunity cost, comparative advantage, and absolute advantage. Students participate in a simulation that requires them to...
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The Giving Tree
Students explore wants and needs. In this ecology and economics lesson, students listen to the story The Giving Tree by Shel Silverstein and compile a class list of what the boy got from the tree. Students categorize these items as...
Federal Reserve Bank
U.S. Income Inequality: It's Not So Bad
What is the difference between a flat tax, progressive tax, tax deduction and transfer payments? Pupils examine the ability-to-pay principle of taxation through discussion, problem solving, and a variety of worksheets on topics from US...
Federal Reserve Bank
The Story of the Federal Reserve: Middle School Lesson Plan
After reading the charming cartoon about the United States Federal Reserve, pupils often need to complete activities to retain their learning. The resource does a wonderful job of using class discussion and various written exercises to...
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Government Lesson Plan 16
Students identify different economic systems, compare economic systems by determining how the three basic economic questions are answered in each, and explain concept of mixed economies.
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Principles of Physics: A Real Scream!
Students apply their knowledge of the physics principles of force, energy and motion to researching the physics behind amusement park rides.
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Monkey for Sale
Second graders use play quarters to "purchase" items. They discuss how these are choices the character in the story they will read has to make. Students read the book "Monkey for Sale." They discuss the choices Luzolo makes and how she...
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Taxi: A Book Of City Words
First graders engage in a literature study that helps them to focus on the concepts of goods and services. They describe the various skills people may need at home, school, and work. Students create a map of businesses found in the city.
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A New coat for Anna
Second graders participate in a bartering activity. They discuss the problems of bartering. Students read the book "A New Coat for Anna," by Harriet Ziefert. Students discuss the bartering Anna's mother did. They record the trades made...
NOAA
Are You Climate Literate?: Play the Essential Principles Challenge
Installment eight of the 10-part Discover Your Changing World series tests the class's understanding of climate. Scholars play alone or in small groups to assess their understanding of climate systems, causes of climate change, and...
University of Texas
Scarcity
How can having too little of something impact your life? Scholars investigate the concept of scarcity in their own lives and in the overall picture of the economy. Brainstorming activities as well as student-parent work bring to light...
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Mini-Economy
Third graders perform jobs in order to sustain their classroom community. After completing a brief overview of how local economies are sustained, they complete job applications for classroom jobs. Students perform their jobs throughout...
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Supply & Demand: Finite Resources, Infinite Needs
Students discuss conflict resolution strategies they use in real life. They listen to "Getting to Yes" about principled negotiation. They negotiate the distribution of goodies on a table according to rules and time constraints. They...
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Fitness Day
Students develop skills and a comfort level in interpreting economic concepts through graphic analysis.
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Finance and Responsible Lending
Students learn the characteristics of economic systems through problem solving, communication and representation. In this financial lending lesson, students use math to solve problems dealing with the economy today, to work with their...
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Bottom-Line Personal Finance Myths
Students investigate the concept of personal finance. They take a look at some of the misconceptions that surround many financial responsibilities. Students examine statistics and other factors in order to comprehend sound principles...
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One Dollar Around the World
Twelfth graders collaborate via ePals with another student from another country. They compare the value of a dollar with its power of acquisition in other countries. They list one dollar items and find the corresponding price in other...
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We're On Display
Young scholars create store displays to create an understanding of the importance of marketing in the world of business. The project is intended to be ongoing with the advertising scheme to be changed frequently.
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Who, What, Where, When, and Why
High schoolers explain the concepts of market system, command and mixed economy. They describe the differences between needs and wants. They compare and contrast different government and economic systems.
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Economics: The Scarcity Principle
Learners discover how scarcity leads to economic choices. They examine its effect on individuals, business, and governments. Students simulate various scenarios to determine the role scarcity plays in each.
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Investigations in Aid: Identifying the Need
Young scholars investigate the needs in emerging nations. In this emerging nations lesson, students research the conditions for needs in the given countries. Young scholars are assigned to the country groups of Honduras, Nigeria, Bosnia,...
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People and the Physical Environment of Illinois
Students read about the settlement of Illinois from statehood to the present. They categorize different areas of need such as survival, economic and social. Students make a list of ways people used the physical environment in Illinois...
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Economics Dictation
In this economics text dictation, 9th graders take dictation on a passage about economic theory, applied economics, and economic history.
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WANTS VS. NEEDS
Students gain an appreciation for wants and needs by analyzing poems, researching spending choices on the internet, interviewing family members, and create power point slides.