Curated OER
Lesson Plan on Wants and Needs
First graders examine and discuss the difference between what they need to live and what they want. They examine pictures from magazines and newspaper ads, distinguishing between whether they are wants or needs.
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Needs And Wants
Students make cards illustrating things they think they need and want to be healthy and happy. Groups then sort these cards into "wants" and "needs." The whole class discusses what it means when people's basic needs are not met and the...
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Needs and Wants
Students examine the difference between needs and wants. In this consumption lesson, students illustrate their needs and wants and discuss their own reasons for buying things. They also discuss the connection between their choices and...
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Introduction to Economics
Students discover the basic economic problem: scarcity; examine how "there is no such thing as a free lunch" (opportunity costs); and define economics. They act out a play demonstrating basic economic principles.
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Introduction to Economics
Students demonstrate an understanding of the concepts of unlimited wants and limited resources. They participate in an activity using money to purchase goods and services. Students evaluate benefits and costs resulting from personal...
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Monkey for Sale
Second graders use play quarters to "purchase" items. They discuss how these are choices the character in the story they will read has to make. Students read the book "Monkey for Sale." They discuss the choices Luzolo makes and how she...
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Needs and Wants
Students demonstrate responsible consumer choices. In this social studies lesson plan, students read The Lorax and discuss wants and needs. Students discuss how to save natural resources by making informed consumer choices.
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Natural Features as a Resource
Young scholars investigate how land and water can meet basic needs. For this natural resources lesson, students locate water features on a Landscape Picture Map and describe how water is used to meet their needs.
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Introduction To Business
Students determine the difference between wants and needs. They take a 10 question quiz which they must pass with 80% accuracy. They play teacher made game entitled Business Feud.
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Road To Roota
Did you know that there are comic books that can help learners discover economic concepts like supply and demand. The format of this instructional activity is highly engaging and enables them to discover how economics can be an exciting...
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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...
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Chapter 12: Fiscal Policy
Uncle Sam wants YOU...to understand fiscal policy! With clear bullet points and informative graphs, your budding economists will understand the finer points of fiscal policy and its implications within the American economy, as well as...
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Food Insecurity
Explore food insecurity and resource scarcity with your class. They discuss the sharing of scarce resources, how to be good caretakers of these resources, and how choices impact the entire world.
Practical Money Skills
Cars and Loans
Most teenagers want to buy a car, but do they know how much it really costs? Calculate the cost of purchasing a car, securing auto insurance, and maintaining the new investment with a thorough and engaging personal finance lesson.
Council for Economic Education
What Makes an Entrepreneur?
What do the founders of Wendy's and Virgin Airlines have in common? They are both entrepreneurs! Key definitions and case studies help learners brainstorm their own definitions of what it takes to succeed in business. A series of...
Redefining Progress
Have and Have-Not
Is there a correlation between a country's wealth and the extent of its ecological footprint? What exactly constitutes an ecological footprint, and how does one country stack up against the rest? This is a unique lesson to incorporate...
Council for Economic Education
A Perfect Pet
Students read the story "The Perfect Pet". They examine how scarcity is a problem in society when people can not have everything they want which forces them to make (economic) choices.
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Prioritizing National Economic Goals
Eighth graders define the generally accepted list of national economic goals. They discuss the compatability/incompatibility of goals. They participate in a consensus-building exercise to rank economic goals in order of importance.
Council for Economic Education
Production Possibilities Curve
Demonstrate the important economic principles of the production possibilities curve, including how to calculate opportunity cost and graph curves by using a table or calculation. Learners use a variety of methods, including videos,...
Council for Economic Education
Using an Excel Checkbook
High school is the time that many scholars get their first jobs. Help young entrepreneurs apply economic principles to crucial skills for their new jobs and for functioning in society in general. They use Excel to balance a checkbook by...
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Arkansas: A Natural State
Here is a wonderful lesson plan on natural resources found in Arkansas which is designed for kindergartners. The lesson plan could be easily adapted for any state. Some clever in-class activities, games, and a song are included in this...
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It's On Sale
First graders read the book The Great Pet Sale to learn about economics and advertisements. In this economics lesson plan, 1st graders read the book The Great Pet Sale and define related vocabulary words. Students compare prices to find...
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The Economy
Learners 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...
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Trade Offs and Opportunity Cost
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...