Curated OER
Costs & Benefits
Students reinforce the concept of the true costs being what is given up by doing something -- normally referred to as opportunity costs.
Curated OER
Is Capitalism Good for the Poor? | No More Slide Rules – The Costs and Benefits of Innovation
Students brainstorm a list of the benefits that Americans at all levels of society have enjoyed as a result of innovations in rail transportation/computers/microprocessors. They write a response from President Jackson to Martin Van Buren...
Curated OER
Third-Party Costs and Benefits
In this Third-Party Costs and Benefits worksheet, learners read an article and examine diagrams outlining this economic concept.
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.
Curated OER
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"
Curated OER
Measuring Economic Success
High schoolers are introduced to the Gross Domestic Product and what this number tells us about the economy of the United States. In groups, they discuss what constitutes a healthy society and if the GDP is an accurate representation. ...
Curated OER
The Economics of Voting
Learners examine the voting behavior of people during a presidential election to determine costs and the benefits of voting and how this behavior is influenced by incentives.
Curated OER
Markets
High schoolers 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.
Curated OER
Chapter 23: Pure Competition
Taking your young economists through the characteristics of four market models (Pure Competition, Pure Monopoly, Oligopoly, and Monopolistic Competition), this presentation uses both charts and graphs to illustrate the necessary...
Curated OER
Introduction to Economics
Students demonstrate an understanding of the concepts of unlimited wants and limited resources. They participate in an activity using money to purchase goods and services. Students evaluate benefits and costs resulting from personal...
Curated OER
Prioritizing National Economic Goals
Eighth graders define the generally accepted list of national economic goals. They discuss the compatability/incompatibility of goals. They participate in a consensus-building exercise to rank economic goals in order of importance.
Curated OER
What's In It For Me?
Students analyze the costs and benefits that are involved with owning a business. They create their own decision making grid and identify their trade-offs. They also identify the opportunity costs involved in owning their own business.
Curated OER
Values, Wants, and Needs
Build a basic understanding of four fundamental economic principles. Defined here are the concepts of value, scarcity, want, and need. All of these terms are very important to understand when discussing economic choices or cost/benefit...
Curated OER
The Economy
Learners explore the role of government in the economy market. In this economics lesson plan, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying...
Council for Economic Education
You Can BANK on This! (Part 2)
This is part two in a four-part instructional activity on banking and personal finance. In this instructional activity, learners analyze whether or not they have made a good purchase, then discuss how to make an informed decision about a...
Visa
Money Matters: Why It Pays to Be Financially Responsible
What does it mean to be financially responsible? Pupils begin to develop the building blocks of strong financial decision making by reviewing how their past purchases are examples of cost comparing, cost-benefit analysis, and budgeting.
Curated OER
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...
Council for Economic Education
New Sense, Inc. vs. Fish 'Till U Drop or Coase Vs. Pigou
Who is responsible for protecting the environment, and who should pay when it is damaged? The role of government and private industry is complicated. A role-play simulation prompts individuals to decide how to protect a fictitious town...
Practical Money Skills
Making Money
The first step in managing your money is making money! Learn about ways to find and interview for a job with a thorough lesson on personal finances. Kids learn about the ways to earn a paycheck and then manage the funds they receive.
Council for Economic Education
Fall of Rome
What led to the fall of Rome? Scholars have debated the question since the end of the great empire. Young historians consider the same question through an economic lens using an engaging lesson that involves a hands-on evaluation of the...
Curated OER
Economics Dialogue
For this economics dialogue worksheet, students read aloud a dialogue in which questions about economics are asked and sample answers are given for each question.
Curated OER
How Has the Constitution Shaped the Economic System in the United States?
Students examine the characteristics of market economies. In this United States economics lesson, students analyze the Constitution to understand how it contributes to the market economy established in the United States. Students also...
Council for Economic Education
Timing Is Everything
Students discuss the incentives and opportunity costs of spending vs. saving. They follow an interactive website which shows them the how much money they could end up with by saving instead of spending.
Curated OER
Why Nations Trade
Young scholars discuss international trade. In this trade lesson, students read about comparative advantage and the benefits of international trade. Young scholars perform a skills test to determine their individual specialization areas...