The Game of Business

A series of economic activities should keep your class busy for a while. Six different worksheets review the concepts of price elasticity, demand, and U.S. economics. Multiple real-world applications and scenarios house each of the ten...

Students peruse actual price lists of European commodities dealers Strobel and Martini of Bordeaux, France. Each student creates a sales receipt of items that they have purchased from the French Brokerage firm. Students explore how the...

Scarcity, choices, and the fundamentals of economics... in Star Wars! Here is a highly entertaining and incredibly informative video that uses several clips from the Star Wars to explain how economists make assumptions. The video also...

The concept of opportunity cost challenges historians to analyze how some choices come at a loss in the opening lesson of a 21-part economic series. Podcasts offer insight into the subject of what a decision costs the consumer....

Peer pressure and the desire for acceptance are powerful things. A thought-provoking lesson looks at the positive and negative effects of wanting to belong to a group. Class members examine the roles of the perpetrator, the victim, the...

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,...

High schoolers simulate the transaction costs experienced by the average householder in the former Soviet Union. They consider time spent searching and waiting in line, scarcity of goods and the lure of the black market.

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.

Delve into the concept of economic growth with your class members, including why economic growth is important, what causes it, and how can countries encourage it.

High schoolers examine the fundamental nature of economics - unlimited wants and scarce resources and the need to make choices, the three questions related to the economic problem and its implications for an economy. This lesson come...