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Inflation: Taking Prices Higher
Students examine the definition of inflation and its impact through history. They read and discuss online text, discuss examples of inflation, calculate the prices of various items for different years using an inflation rate of 3%, and...
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Economics: Incentives, Profit, and the Entrepreneur
Students discuss both positive and negative economic incentives. In this lecture-based lesson plan, they examine a simulation about profiteering drug companies and what might happen if the FDA controlled drug production.
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CHAIN OF EVENTS
Students, exercising knowledge, reasoning and communication complete a chart that is well-organized and well-detailed. They assess the Economic concepts of supply and demand and how that relates to production and sales. In addition, an...
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Economic Community
Fourth graders assume different jobs of a community and understand the terms goods, services, producer, and consumer. In this community lesson plan, 4th graders answer short answer questions to show their knowledge of the terms.
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It's Your Future
Students learn about productive resources along with their requirements, supply and demand, savings, investments and interest rates. In this supply and demand lesson, students create a career plan and personal budget of their own and...
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Pumped Up Gas Prices
Students investigate the concepts of differing gas prices and how they are set in different geographical areas. They conduct research about the economic concepts of supply and demand and predict the outcomes upon the prices of gasoline.
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Those Golden Jeans
Students review the productives resources used to produce goods and services and explore how decisions are made in a market economy through the interactions of both the buyers and the sellers.
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The True Cost of Coffee
Learners examine the economic, health, and environmental risks of a one-crop economy in the developing world. They explain how or why it can be challenging for people of one culture to understand the lifestyle of a different society.
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Farm to Lunch: Exploring Agricultural Careers
Fourth graders examine Utah's economic structure and learn about agricultural careers. In this agricultural careers lesson plan, 4th graders follow agricultural products from their source to the lunch table. Students chart their...
Federal Reserve Bank
Crowding Out
This is an incredible resource for teaching your young economists about the loanable funds market and the concept of crowding out. It includes a hands-on, physical activity that serves as a metaphor to help explain the economic...
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In the Chips
Twelfth graders explore how markets exist whenever buyers and sellers exchange goods and services and that market prices are determined through the buying and selling decisions made by buyers and sellers. They also study how the market...
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Supermarket Smarts
Students examine how a consumer can make informed choices. They visit stores with a prepared shopping list, record the prices on a spreadsheet, create graphs, and create a Powerpoint presentation comparing the total cost of stores and a...
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Wage Curve Theory
Students examine both the Phillips Curve and the Wave Curve theories of economics. They read case studies which have implications for labor economics as well as macroeconomics.
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A FREE MARKET WITH THE HELP OF GOVERNMENT
Pupils engage in a study that explains how laws and government have policies that affect the economy to run more smoothly. The focus is upon the historical development of the free market and how the government was involved. Students...
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America's Heartland: Step-By-Step Lesson Guide
An excellent resource gets kids looking at agricultural production to better understand the careers needed in distributing foods from the farm to the consumer. Book, poster, web, and video links are included for teacher use. There is...
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Introduction to Fair Trade
Students 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. Students present their findings to...
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Battle of the Pole Holes
Students consider the relationship between business and government. In this rural electrification lesson, students read "Battle of the Pole Holes," and then write editorials that address the way that business and government functioned in...
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Economics: Elasticity of Prices
Learners discover the elasticity concepts of price, income, cross elasticity, and elasticity of supply. They apply this knowledge to an activity about Britain's Birmingham Northern Relief Road.
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Fur Trade Economics
Learners demonstrate understanding of what the fur trade was and how it was operated, including the bartering process, by participating in a mock trade activity and assessing the value of items based on their needs and wants.
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Economics -- Third Grade
Third graders read the Dr. Seuss book The Lorax. In groups, they answer questions that are related to economics and distribution of goods. They also identify the environmental issues present in the book and perform a skit in front of the...
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Consumerism and Holidays
Students explore the free enterprise system and the role that buying and selling of holiday goods have upon the economy. They recognize and demonstrate that advertising design influences one's life.
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Fells Point's Role in Shipping and Trade
Eighth graders examine the trade and military advantages of ships built in Fells Point. In this American History lesson, 8th graders analyze primary sources. Students create an encyclopedia of Fells Point.
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The Labour Market: Flexibility
Students divide into groups to research and produce a short summary outlining the operation of the labour market in the UK. They use supply and demand diagrams to illustrate their discussion.
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Frozen Price Game
Students participate in an economics game which demonstrates the advantages of price allocation over other methods.