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The Game of Business
Students practice the economic concepts of scarcity and opportunity cost. They imagine creating their own businesses and brainstorm what they need to know in order to determine when the business is profitable.
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Cookie Mining
Students investigate mining and economics. In this mining activity, students play a game in which they purchase property, mine the property, and pay for reclamation. Students earn money for each ore mined.
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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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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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Making Binding Agreements
A verbal contract can be legally binding under the right circumstances. Upper graders are assigned verbal topics to study and present. They prepare and deliver a 2-3 minute talk about their topic. Each topic relates to an aspect of...
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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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Food Insecurity
Explore food insecurity and resource scarcity with your class. They discuss the sharing of scarce resources, how to be good caretakers of these resources, and how choices impact the entire world.
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Basic Needs and Economic Sharing
Students explain that some foods must be imported and some foods are exported from where they live. They also informally define economic sharing and explain why it is important.
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Show Me Economics - Families Have Needs
First graders explore the four basic needs. Through discussion, 1st graders discover that all people need food, clothing, shelter and love. They create a collage representing the four basic needs. Students sing songs about basic needs.
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The Basic Questions: What, How, and For Whom?
Students review the various types of economic systems. As a class, they identify the three basic economic questions: what?, How?, and For Whom?. Using capitalism as an economic system, they discuss how each question is answered.
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World Fair? A Global Classroom Unit On Economic Rights
Students explore economic rights of people. After listening to statements and songs by people such as John Lennon and Mahatma Ghandi, students examine the truths and values depicted by each person. Students participate in a simulation to...
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Economic Decisions in Other Systems: Comparative Systems
Learners identify and describe the charactertics in each economic system. In groups, they discuss how economic decisions are made in each system and use the Internet to research Chad, United States and North Korea's economic systems. ...
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Eco the Gecko and the Story of Economics
Second graders explore the basic concepts of economics through a puppet called Eco the Gecko.
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ECONOMIC SYSTEMS
Students list and explain the three types of economic systems as well as the three economic questions that every economic society must answer at one time or another. In addition, they identify the five features of our market economy.
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Andersonville Prison: A Civil War Economic Microcosm
Students develop the concept of economic systems. In this economic system lesson, students create command and market economic systems.
Practical Money Skills
Making Decisions
A set of quizzes and assessments would make a great companion to your lesson on making decisions and opportunity risks. Learners watch a PowerPoint before answering multiple choice questions about interest rates, saving money, and the...
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Introduction to Fair Trade
Young scholars investigate fair trade practices. In this economics lesson, students conduct collaborative research on fair trade practices, the controversies of trade, and the effects of fair trade practices. Young scholars present their...
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Money and Credit: Making Good Decisions
Students participate in activities that teach them how to manage money. In this managing money lesson plan, students set long and short term goals for economic success by having discussions, identifying benefits of saving, and...
Council for Economic Education
You Can BANK On This! (Part 1)
Students investigate the concepts of money management and banking through Internet activities. In this economics lesson plan, students discuss the characteristics of money and how people once bartered with goods instead of paying with...
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Market Basics: Demand, Supply, and Price Determination
Students are introduced to the concepts of supply and demand. Using the Law of Demand and Supply, they develop charts and graphic models of supply and demand. They compare and contrast the behavior of consumers and suppliers when there...
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Scarcity, Choice and Decisions
Students study the basic economic trilogy (scarcity, choice, and costs). In this money management lesson, students use a scenario of a High School Prom to calculate how scarcity, choice and cost apply by completing provided worksheets...
California Academy of Science
Ocean Acidification Mock Conference
In a comprehensive role playing activity, teens play the parts of different stakeholders in the realm of acidic oceans. They research, debate, and create a presentation from the perspective of either ocean organisms, the fishing...
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Chapter 15: Monetary Policy
Even well-versed economists will appreciate the clarity and cohesiveness of this presentation. Covering monetary policy and open-market operations with bullet points and graphs, these slides would be a good addition to both a basic and...
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Loose and Tight Monetary Policy
High schoolers discuss goals of tight or loose monetary policy, act as advisers to heads of various nations' central banks to determine whether countries should pursue tight or loose monetary policy, and present realistic solutions...
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