Carolina K-12
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in producing a car and using that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources, and...
Sharp School
Real Life Economics 101
Your learners will take key economic concepts, such as identifying needs versus wants and the four factors of production, and design a video to explain their topic choice to the class. Rather than have one person in charge of dispensing...
Curated OER
Factors of Production
Young scholars identify and define the four factors of production on a diagram. Using a product they use everyday, they write down which natural resources are used to make the product and what type of skills the workers needed to make...
Curated OER
Economics Study Guide
Use this resource as a basic review of economic principles. There are six questions relating to the factors of production, opportunity costs, wants and needs, tangibles and intangibles, and more.
Federal Reserve Bank
Messy Bessey's Holidays
Teach your class some fairly complex terms—factors of production, human resources, capital resources, natural resources, and intermediate goods—with a storybook (Messy Bessey's Holidays), plenty of visuals and handouts, and related...
College Board
1999 AP® Microeconomics Free-Response Questions
Imports often affect the production of domestic goods. Scholars consider the variables in this situation with a scaffolded prompt from College Board. Other items examine factors in production and compare the production advantage between...
College Board
2004 AP® Macroeconomics Free-Response Questions Form B
A problem set explores how an international crisis could affect the economic health of Canada using authentic materials from College Board. Other questions ask learners to create and evaluate supply and demand curves and examine factors...
Carolina K-12
Practice Test of Economics
From scarcity and supply and demand to entrepreneurship and the stock market, here you'll find a multiple-choice assessment that includes 34 questions covering all the major concepts of a traditional economics course.
Curated OER
Mass Production Using an Assembly Line
Fifth graders examine the industrial revolution. In this industrialization lesson, 5th graders explore the concept of mass production via the assembly line. They then create an assembly line which demonstrates its costs and benefits...
Curated OER
Products, the Environment and Consumer Choices
High schoolers review the factors of production and how they are used to make the products they buy. In groups, they participate in different scenerios in which they discover the amount of power they have to affect change buy purchasing...
Federal Reserve Bank
The Output Gap: A‘Potentially’ Unreliable Measure of Economic Health?
How can we accurately estimate what the economy should produce now and in the future? Have your pupils tackle this question as they learn about real versus potential GDP and as they review data regarding the output gap in...
One Hen
Making Choices
When choosing what foods to eat, there are a lot of factors to consider. To help make the decision a little easier, young learners work in small groups developing short plays, stories, or advertisements that address the different issues...
College Board
2015 AP® Macroeconomics Free-Response Questions
Currency exchange is a big factor in governments making economic decisions. Scholars consider various scenarios to evaluate how factors such as interest rates and private investments would affect a nation's economy using a practice test...
Curated OER
Bud the Spud Moves West
As part of a unit on Canadian agriculture, this focuses on how potato farms have increased in the west. Pupils participate in a discussion about the impact of consumer demand on production, and then they read an article about potato...
Curated OER
Urban Ecosystems 2: Why are There Cities? A Historical Perspective
Second in a series of five lessons, this lesson encourages preteens to consider cities as urban ecosystems. First, they keep a food diary for a few days. They visit the Natrional Agricultural Statistics Service website for current data...
Curated OER
Production Methods
Pupils examine the different methods of production. They relate the new concepts to different production contexts. They identify the external factors that influence firms.
Curated OER
Production and Costs
Students discuss the concept of productivity and participate in an activity in which they test their own productivity in making Origami cups. Teams determine how to improve productivity and then discuss factors that influence...
Curated OER
The Foundation of Economics
This is a one-stop shop as an introduction to Economics; review 53 slides covering the basics of most economics principles with images and instructor notes. Journey from Adam Smith and the foundation of modern economics to concepts such...
Curated OER
Production Possibilities & Opportunity Cost
In this economics worksheet, 12th graders respond to 15 multiple choice questions about production possiblities and opportunity costs.
Curated OER
Problems on Factor Markets
In this Problems on Factor Markets activity, students answer questions about various economic problems or injustices. Some answers require diagrams.
Curated OER
Push/Pull Factors and Welsh Emigration
Students view and discuss short sections of movies that relate to immigration. Working in groups, students create a map that shows directions of internal migration in their assigned geographical area. Students review ads/booklets created...
Curated OER
Saturday Sancocho
Second graders identify the economic principles and processes that are helpful to producers and consumers when making good decisions. Students will read, comprehend, interpret, analyze, and evaluate literary text as well as explain how...
Visa
Kindness Counts: Understanding Charitable Giving
Financial literacy is generally focused on personal spending and saving, but consider an opportunity to talk to your pupils about how charitable giving can also factor into money management and how it can enhance life for both...
Curated OER
The Circular Flow of Resources, Goods, Services, and Money Payments
For this Circular Flow of Resources, Goods, Services, and Money Payments worksheet, students read background information, examine a flow chart, then answer ten questions.
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