Arkansas Economics
The Bead Game
What better way to learn about different economic systems than to participate in them? An engaging bead game highlights the differences between market, command, and traditional economies. In small groups, 6th graders work through three...
Curated OER
Lesson 9: Tracking Commodities
Over the corse of a month, small groups will monitor the price of a specific energy commodity and analyze it in relation to global and domestic events. They play a trade simulation game and create infographics showing what they've...
Council for Economic Education
Great Civilizations Develop around Rivers
If you lived in prehistoric times, what kinds of choices could your family make to increase their chance of survival? By making similar decisions in a simulation game, participants discover how specialization creates both opportunity and...
Curated OER
How is the Game Played in an Economics Class?
Students research companies, choose stocks, and create portfolios online while playing the stock market game.
Council for Economic Education
Entrepreneurs in Mesopotamia
While ancient Mesopotamia didn't have the TV show "Shark Tank," it was a time of entrepreneurship as workers began to specialize. Both individual workers and the societal structure encouraged individuals to consider how they could...
Practical Money Skills
Buying a Home
Guide high schoolers through the process of buying a house with a simulation lesson. As pupils learn about mortgages, renting versus buying, and home inspections, they discuss ways to make informed financial decisions and sound...
Curated OER
Calculating Profits from Selling Virtual Lemonade
Students set up and collect data for a virtual lemonade stand. In this entrepreneurship, economics, and technology lesson plan, students purchase ingredients, determine costs, and set up a virtual lemonade stand. Students consider...
Curated OER
Specialization and Voluntary Exchange
Studnets participate in a trading simulation game in which they experience the effects of trade and how trade can increase wealth.
Curated OER
Bead Game Simulation
Young scholars have the opportunity to participate in the three basic economic systems, (market, command, and tradition).
Curated OER
Making the Classroom Desk a Trading Desk
Create a stock market simulation to motivate pupils and make economic concepts meaningful.
Practical Money Skills
Saving and Investing
You have to have money to make money, especially in the world of banking and investments. High schoolers learn about interest rates, saving and investment options, and ways to stay aware of their money's security and earning ability with...
Federal Reserve Bank
On the Court with... Michael Jordan
Pupils learn foundational economic concepts and consider the importance of decision-making, how to evaluate choices and alternatives, and the benefits of consistent training and practice by learning about the early life of Michael Jordan.
Curated OER
Market Game in Oil
Students work together to participate in a market game in oil. Using their prior knowledge, they review how the interaction of buyers and sellers sets the price in markets. They identify the situations in which cause shortages and...
Curated OER
Civics
Students study community organizations and learn about the types of power used to create change. In this community study lesson, students learn about the three sectors at work in a community, public, non profit, and private....
Curated OER
Spending
Students participate in a lesson that illustrates the concept of spending and how it effects the economy. Technology is integrated in this study with the use of a computer simulation of a pinball game that shows how fast money can be spent.
Curated OER
Axis and Allies World War II Simulation
Young scholars investigate World War II through the computer game Axis and Allies. They discuss the basics of World War II before playing the game, spend eight weeks playing the game that is a simulation of World War II, and write a...
Curated OER
Economics: The Scarcity Principle
Students 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.
Curated OER
The Paper Airplane Challenge: A Market Economy Simulation
Students have the opportunity to participate in a simulation that enables them explain the characteristics of a Market Economic System.
Practical Money Skills
Living on Your Own
Every teen dreams of living independently, but often without thinking about the details and costs involved with moving out. Three lessons in a unit about living on your own focus on moving costs, fixed and flexible costs associated...
Curated OER
Barter vs. Money
First graders listen to the book, Sheep in a Shop, that leads them to think about making financial decisions, trading, and the barter system. After the book is read aloud, a discussion ensues about some of the things that the sheep...
Curated OER
The Black Plague
Students participate in a simulation game to experience the societal effects of the Black Plague during the Medieval Period. Information garnered during the game is used to discuss the current state of communicable diseases in our
world...
Curated OER
How Banks Create Money
Learners participate in a simulation game to discover the role of banks in creating checkbook money through lending practices. They play a lending and borrowing game and use a money multipiler equation to solve problems associated with...
Curated OER
TRADERS' GAME
Young scholars play a game aimed at demonstrating how relationships with other communities or countries affect the food and fiber system. The game simulates the unequal distribution of natural resources which creates the need for...
Curated OER
Lesson 1 Who Owns the World?
Students experience how to turn firsthand knowledge of common products into a useful way of choosing stocks for the Global Stock Game. They engage in a simulation of buying stocks.