Federal Reserve Bank
The Rising Cost of College: Tuition, Financial Aid, and Price Discrimination
Are average college tuition and fees really rising in the United States? Here is a fascinating take on the rising cost of college tuition and how price discrimination may explain what is often seen as an insurmountable cost for higher...
Curated OER
What Did It Cost 100 Years Ago?
Students compare prices of good across the century in order to introduce the topic of inflation. They undertand the concepts of inflation and Consumer Price Index (CPI), use online calculators to figure the approximate cost of goods...
Curated OER
How Much Does it Cost to Light Your School?
Learners compute the cost of electricity used to light their classroom and their school for various lengths of time. They compute the amount of coal needed to produce the electricity used for one hour of light in their classroom. An...
Curated OER
Rationing Scarce Goods and Services
Students examine the concept of scarcity. They list ways in which they can all get a piece of a good or service. They discover the concept of scarcity and discuss.
Federal Reserve Bank
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.
Curated OER
What's the Price?
Fourth graders learn about price and comparative shopping. In this price and comparative shopping lesson, 4th graders read Amy Axelrod's, Pigs Go To Market: Fun with Math and Shopping. They use the book to investigate the meaning of...
Curated OER
Price
First graders complete worksheets on producers and consumers and the total price of a group of items. In this price lesson plan, 1st graders read the book A Dollar for Penny in order to understand price, producers, and consumers, and...
Council for Economic Education
Cost/Benefit Analysis: Three Gorges Dam
Middle schoolers, in groups, take various roles in evaluating the costs/benefits of the Three Gorges Dam project on the Yangtze River in China.
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...
Curated OER
How Can Entrepreneurs Control Costs?
Students calculate fixed and variable costs. In this costs lesson, students read a case study about an entrepreneur and her business costs. Individuals complete the provided worksheets to find costs and make related business decisions....
Curated OER
How Can Entrepreneurs Control Costs?
Students investigate the fixed and variable costs that entrepreneurs face. They examine how entrepreneurs identify and control their costs in order to make a profit by completing a number of included activities.
Curated OER
The Rising Cost of Health Care: Is there an explanation?
Twelfth graders explore rising health care costs and the Law of Diminishing Marginal Utility. They participate in an activity that demonstrates the Law of Diminishing Marginal Utility. Students read the may 27, 2005 Economic Letter and...
Curated OER
Lunch Food? Mmmm! Mmmm! Good!
Examine how nutrition plays an important role in our lives by conducting online research and developing lunch menus that satisfy nutritional requirements set up by the United States Department of Agriculture. Students download recipes,...
Texas State Energy Conservation Office
Cost-Effective Buying
Middle school energy experts read about the relationship between energy use and cost-efficiency. Then they work through a couple of scenarios to determine which approach is more cost-effective.
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...
Curated OER
Chapter 30: Government and Market Failure
Complete with a navigation tool and list of key terms, the slides in this presentation are bursting with pertinent information for your young economists. From studying public goods to graphs that detail the collective willingness to pay,...
Illustrative Mathematics
The Price of Bread
As part of an initiative to strengthen our young adults' financial understanding, this problem explores the cost of bread and minimum wage since the 1930s. Learners are asked to find the percent increase from each year and compare it...
Curated OER
Know Your Energy Costs
Students calculate energy costs using a formula and complete a cost chart. For this energy costs lesson, students analyze the cost of electrical energy and find ways to conserve it.
PricewaterhouseCoopers
Planning and Money Management: Financial Plan
More planning goes into a budget than a high schooler thinks. Here, they learn about the expected expenses and incomes, along with outside factors such as natural disasters. Learners prepare their own budget and adjust it based on the...
Curated OER
Discount and Sales Price
One of the most practical ways to teach about percentages is to use the real-life example of "sale" or "discount" pricing. This presentation poses many of these type of problems for young mathematicians who are trying to master the...
Illustrative Mathematics
Average Cost
Here is an activity that presents a good example of a function modeling a relationship between two quantities. John is making DVDs of his friend's favorite shows and needs to know how much to charge his friend to cover the cost of making...
Curated OER
Homer Price
An engaging and unique lesson plan that combines literature and economics is here for you. In it, learners read the short story, "The Doghnuts" found in the book Homer Price. Pupils define "capital resources," and utilize a worksheet...
Carolina K-12
Sample Test: Economics
From scarcity and marginal benefits and costs to economic systems and GDP, this 22-question multiple choice test covers some of the most fundamental concepts of economics.
Curated OER
High-end/Low-end: Exploring Price and Value in Design
High schoolers analyze elements of design and compare/contrast elements of price and design. In this design lesson, students consider the differences between high-end and low-end design. After completing an analysis of design in small...