Arkansas Economics
The Bead Game
What better way to learn about different economic systems than to participate in them? An engaging bead game highlights the differences between market, command, and traditional economies. In small groups, 6th graders work through three...
Curated OER
Lesson 9: Tracking Commodities
Over the corse of a month, small groups will monitor the price of a specific energy commodity and analyze it in relation to global and domestic events. They play a trade simulation game and create infographics showing what they've...
Council for Economic Education
Great Civilizations Develop around Rivers
If you lived in prehistoric times, what kinds of choices could your family make to increase their chance of survival? By making similar decisions in a simulation game, participants discover how specialization creates both opportunity and...
Curated OER
How is the Game Played in an Economics Class?
Students research companies, choose stocks, and create portfolios online while playing the stock market game.
Council for Economic Education
Entrepreneurs in Mesopotamia
While ancient Mesopotamia didn't have the TV show "Shark Tank," it was a time of entrepreneurship as workers began to specialize. Both individual workers and the societal structure encouraged individuals to consider how they could...
Curated OER
Calculating Profits from Selling Virtual Lemonade
Students set up and collect data for a virtual lemonade stand. In this entrepreneurship, economics, and technology lesson, students purchase ingredients, determine costs, and set up a virtual lemonade stand. Students consider weather...
Curated OER
Specialization and Voluntary Exchange
Studnets participate in a trading simulation game in which they experience the effects of trade and how trade can increase wealth.
Curated OER
Bead Game Simulation
Students have the opportunity to participate in the three basic economic systems, (market, command, and tradition).
Federal Reserve Bank
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.
Curated OER
Market Game in Oil
Students work together to participate in a market game in oil. Using their prior knowledge, they review how the interaction of buyers and sellers sets the price in markets. They identify the situations in which cause shortages and...
Curated OER
Civics
Students study community organizations and learn about the types of power used to create change. In this community study lesson plan, students learn about the three sectors at work in a community, public, non profit, and private....
Curated OER
Spending
Students participate in a lesson that illustrates the concept of spending and how it effects the economy. Technology is integrated in this study with the use of a computer simulation of a pinball game that shows how fast money can be spent.
Curated OER
Axis and Allies World War II Simulation
Young scholars investigate World War II through the computer game Axis and Allies. They discuss the basics of World War II before playing the game, spend eight weeks playing the game that is a simulation of World War II, and write a...
Curated OER
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.
Curated OER
The Black Plague
Pupils participate in a simulation game to experience the societal effects of the Black Plague during the Medieval Period. Information garnered during the game is used to discuss the current state of communicable diseases in our
world...
Curated OER
How Banks Create Money
Students participate in a simulation game to discover the role of banks in creating checkbook money through lending practices. They play a lending and borrowing game and use a money multipiler equation to solve problems associated with...
Curated OER
TRADERS' GAME
Students play a game aimed at demonstrating how relationships with other communities or countries affect the food and fiber system. The game simulates the unequal distribution of natural resources which creates the need for...
Curated OER
Lesson 1 Who Owns the World?
Students experience how to turn firsthand knowledge of common products into a useful way of choosing stocks for the Global Stock Game. They engage in a simulation of buying stocks.
Council for Economic Education
Sand Art Brownies
Which is better, Coke or Pepsi? Pupils analyze the concept of substitute goods as they investigate the choice to purchase alternate products for better prices. Fun and practical, the engaging shopping exercise helps savvy scholars get...
Curated OER
The Scramble for Wealth And Power
Students participate in a simulation activity involving the distribution of the world's wealth and power. The activity starts when 100 pennies, representing wealth and power, are spread on the floor and students must grab as many...
Curated OER
Money Versus Trade
Students discover the importance of exchanging money in a market. In this economics lesson, students discover natural resources and how one can barter with those resources. In addition, students complete worksheets and discover the...
Curated OER
Capitalism and Communism: What's the Difference?
Pupils discover the differences between capitalism and communism. They participate in a simulation activity in which they examine Marx's philosphy of communism. They also examine Zapatista communities.
Curated OER
Environment: Fishing and Property Rights
Learners participate in a role-playing "fishing game" to discover how over-harvesting can eliminate a resource. In the second round of the game, students are told they can only fish in their assigned territories.
Learners explain the...
Curated OER
Competition and Market Structure
Students participate in a simulation in which some are buyers and some are sellers in a trading activity. They set their own prices and record transactions. Then they calculate who made the biggest profit. They discuss the results.