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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.
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Monster Musical Chairs and Scarcity
Why can't we have everything we want? Youngsters are introduced to the concept of scarcity through a game of musical chairs and by discussing what it takes to satisfy our wants.
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Why Scarce Resources Are Sometimes Unemployed
Why do markets operate inefficiently when the world's resources are so limited? Review the various types of unemployment that exist and why some resources, especially human resources, go unused.
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The Legacy of the Olympics: Economic Burden or Boon?
Do the economic benefits of major sporting events such as the Olympics or the World Cup outweigh the expected costs? Using fundamental economic terms, discover the explicit and implicit costs and benefits for countries that host these...
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Traditional Versus Shadow Banking
Here is a detailed breakdown of the traditional banking system, including the roles that intermediaries play as brokers and in making loans, as well as an introduction to the parallel system of shadow banking.
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Prices: The Marketplace’s Communication System
Explore the dual role of prices as signals and incentives, and discover how prices are determined by buyers and sellers in the United States economy.
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Choices Are Everywhere: Why Can’t We Just Have It All?
Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics.
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“Dewey Defeats Truman”: Be Aware of Data Revisions
Discover the impact and importance of data releases about current economic conditions in the United States. Your class members will learn about data revision and the GDP, and how these figures can alter people's views on the economy.
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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.
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Savvy Savers
What are the benefits and risks of saving in an interest-bearing account? Pupils explore concepts like risk-reward relationship and the rule of 72, as well as practice calculating compound interest, developing important personal finance...
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To Rent-to-Own or Not to Rent-to-Own?
Explore the key elements of a contract with your young adults, and delve into the features and unique benefits of a rent-to-own contract through discussion and worksheet practice.
Curated OER
College Education
What do Bill Gates and Mark Zuckerberg have in common? They're both billionaires, and neither one has a college degree! Using the website, scholars explore whether having a college education is truly worth the money it costs. They read...
Council for Economic Education
A Penny Saved
A penny saved is a penny earned! Scholars research the different ways to save money over a lifetime. They investigate the Rule of 72, compound interest, and sub-prime loans to gain an understanding of how banks aid in the saving process....
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What Do People Say?
After reading a series of fictitious letters that represent actual events during the time period, young historians craft a small town newsletter to explain the causes of the Great Depression.
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Financial Literacy Infographic Scavenger Hunt
A lesson in personal finance can be the most valuable part of a high school education. Connect the basics of banking with informational reading skills in a lesson that prompts teenagers to answer a series of questions based on an array...
Federal Reserve Bank
Wants on a Continuum
You can't always get what you want, but you might just be able to teach your class about wants and choices. This plan leads pupils through a discussion and closes with a worksheet and assessment.
Curated OER
Economics for Leaders Performance Assessment
Learners participate in a scenerio in which they are assessed on the material in previous lessons. In groups, they prepare a presentation based on their solutions to the given problem. They develop their critical thinking skills applying...
Curated OER
Market Structure and Competition
Students 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...
Curated OER
Little House In the Big Woods
Students explore economics by reading classic literature with their classmates. In this farm production activity, students read the famous story Little House in the Big Woods by Laura Ingalls Wilder. Students complete handouts based upon...
Curated OER
Learning Economics through Comics
Students summarize the historical development of money. In this economics lesson, students describe the process of bartering and explain how money facilitates trade and exchange. Students also define and describe inflation and a modern...
Curated OER
Less Than Zero
Students keep track of money. In this money management lesson, students read Less Than Zero by Stuart J. Murphy and manipulate a number line to keep track of spending and borrowing in the story.
Curated OER
To Get the Right Answers about College: Ask the Right Questions
High schoolers survey college students. In this lesson, high schoolers explore typical costs. They examine education loans. Students complete a FASFA form and write an essay describing plans for obtaining money for college expenses.
Curated OER
Earth Day - Hooray
Learners listen to the story, Earth Day - Hooray!, and discuss the story as it is being read. In this Earth Day lesson, students discuss incentives and penalties in regards to taking care of the Earth. This lesson plan also includes...
Curated OER
Money, Money, Honey Bunny!
Students read a story about spending and saving money and talk about the difference between goods and services. For this money lesson plan, students also play a matching game to review the story and practice rhyming words from the story.