Curated OER
The Role of Public and Private Sectors
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...
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Poverty and Natural Disasters: Exploring the Connections
Students explore the connections between natural disasters and poverty. In this economic lesson plan students examine worksheets and activities for each level.
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Marketing Occupations
Students identify and explain the variables effecting supply and demand in the marketing industry. Then they define the terms supply and demand and graph supply and demand curves on a standard grid. Students also formulate what happens...
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Economics: The Scarcity Principle
Students discover how scarcity leads to economic choices. They examine its effect on individuals, business, and governments. Students simulate various scenarios to determine the role scarcity plays in each.
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Sharing is Caring
Students sharpen their problem solving skills. In this service learning lesson, students work collaboratively to solve a problem involving scarcity.
Council for Economic Education
Tapped Dry: How Do You Solve a Water Shortage?
Students, after evaluating different allocation methods for water, determine the costs and benefits of each method.
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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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Producers of Goods and Services
Students use newspapers to brainstorm a list of the producers of goods and services in their community. In groups, they organize coupons based on the good or service and create a chart to organize the information. They discuss the...
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Inspirational Mapping for the Corps of Discovery
Third graders use a computer software entitled, Inspiration, in order to create a map or web of what Lewis and Clark should have packed for their journey west. They are given the expectations of the teacher and a scoring guide is...
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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.
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Antonyms 1 Level 8
Intermediate and advanced English language learners will benefit from reviewing some of these words. For each of the 10 words provided, learners have to select the antonym from a list of five choices. Example words include agony,...
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Economic Forces
Students explore the economic forces of scarcity and choice. They examine how these forces affect the management of personal financial resources, shape consumer decisions, and the economic well-being of society. Students research stock...
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Lemonade Stand
Pupils plan a lemonade stand to compete with another stand and examine their decisions from the consumer and producer's point of view. They discuss the law of supply and demand, plan for their lemonade stand, and write an essay...
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Basic Trading
Students review the basic ideas of exchange. In groups, they discover the incentives for trade and participate in a simulation. They are given a packet of stamps which are worth varying monetary amounts. They discover the concepts of...
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Teaching Economics Using LUNCH MONEY
Students, after reading the book "Lunch Money" by Andrew Clements, explore money and different saving places. They research different ways in which productivity has increased over the years, they examine products to determine if the...
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Ethical Consumer Choices in the Global Village
Students identify an issue and provide several reasons to support a position. They describe ways members of a community meet one another's needs. Students explain their roles, rights, and responsibilities within the community.
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Beach Burgers
Twelfth graders develop economic literacy of basic economic problems confronting all societies. Economic decision making, scarcity to make choices, economic confronts, market system, prices, demand curves and supply curves are all covered.
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Spend, Save, Invest or Donate (9-12)
Students explore the concept of personal finance. In this philanthropy lesson, students examine decisions they make about money as they discover the definitions of philanthropy, resources, scarcity, choice, benefits, costs, opportunity...
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Economics
Fourth graders study the effects of economics in their daily life. In this economics lesson, 4th graders construct a list of wants and needs if they had an unlimited supply of money. Students discuss how economics help people make...
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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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PRODUCTION, CONSUMPTION, AND INCENTIVES
Fifth graders design a web page. They include features he or she would typically like to see when visiting web pages. They title the topic of the web page "Features That Make a Great Web Site." They explain that there are incentives...
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Economics: People as Producers and Consumers
Students examine the dual roles of producers and consumers in people by creating fictional stories that include examples of both. Their stories include descriptions of the tools and skills needed for the jobs of their characters and...
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Water Wars
Young scholars investigate the water wars taking place in East Africa. In this global issues lesson, students watch video clips and read selected articles about the water shortages in East Africa. Young scholars estimate their own...
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You Can't Have it All
In this economic worksheet, 7th graders read about the ideas of choice as well as scarcity for producers and consumers. Students then complete three activities based on economic choices.