Museum of Science
Cookie Mining
Knock a chip off the cookie. Learners purchase a property to mine and mining tools. Pupils use their tools to mine chocolate chips out of a cookie for 5 minutes and return cookie fragments to its original site. After the time is over,...
College Board
2004 AP® Microeconomics Free-Response Questions Form B
A company enjoys a monopoly. What happens to its profits when another firm introduces a similar product? Learners consider the case using questions from College Board. Other prompts include the effects of sales taxes and supply and...
Roald Dahl
Matilda - Arithmetic
Mr. Wormwood, one of the characters in Roald Dahl's Matilda, is not the most trustworthy of characters. Have student groups take on the roles of car salespeople and play a game to see who can make the most profit by selling refurbished...
Federal Reserve Bank
Worth!
Before loaning a friend money, what factors would you consider and why would you lend it? Your young economists will face questions like these in a lesson on banking, profit, risk, and reward, which includes the reading of the book...
Council for Economic Education
Teaching Economics Using Children's Literature
Introduce young learners to the subject of economics using their favorite stories and books. Including 24 separate lessons, this guide covers economic principles such as trade, scarcity, consumer goods and services, renewable and...
Curated OER
Chapter 29: Rent, Interest, and Profits
As viewers will quickly learn, rent is a vital part of our economy - both paying and receiving. Each perspective of a rent agreement are featured here. Included are details about the rate of interest and profits, as well as changes in...
Curated OER
Starting Your Own Business
Fifth graders read a book and complete several correlating activities to learn how to start their own business. In this economic and math lesson plan, 5th graders read the book The Toothpaste Millionaire. Students define the term...
Curated OER
Linear Programming
In this linear programming activity, 11th graders solve and complete 4 different word problems that include various applications of linear programming. First, they find the maximum earning of a situation given the time worked. Then,...
Curated OER
Reading Bar Graphs
In this bar graphs worksheet, 8th graders solve and complete 10 different problems that include interpreting two different bar graphs. First, they determine the least profitable year for selling books. Then, students determine the age...
Curated OER
Line Graphs
In this line graphs worksheet, 8th graders solve and complete 10 different problems that include various line graphs. First, they use each line graph shown to respond to the questions that follow regarding books and population. Then,...
Curated OER
The Role of Profits in the Economy
Students discuss the role of profits in an economy. As a class, they explain why profits are an incentive and practice calculating profit and loss. They discover what a firm in capitalism must do to earn profits and explain the...
Curated OER
Profit, Loss and Value Added
Students discover the meaning of profit and identify different types of profits. They examine the functions of profit in a business. They discuss the basic forces behind a market system.
Curated OER
Topic 5: Running the Business
Students explore the concept of running a business. In this running a business lesson, students put their plan of action into practice. Students market a product and try to maximize profit.
Other
Consortium for Entrepreneurship Education: Just What Is Profit?
Just what is profit? This article discusses an economics definition of profit, decisions that affect profit, and how to maximize profit.
Texas Instruments
Texas Instruments: Breakeven Analysis
In this activity, students perform breakeven analysis using the cost and revenue of an enterprise. They will determine the relationship between fixed and variable costs, profits, pricing policy, and the volume of output.
University of Nebraska Omaha
Ec Ed Web: How Can Entrepreneurs Control Costs?
This economics activity explores what influences producers to supply in regard to demand. It examines fixed and variable costs, how such costs can be reduced, and how they influence production. Includes printable worksheets.
Social Studies for Kids
Social Studies for Kids: Summer Fun: The Economics of the Lemonade Stand
Read about the basic economic principles involved with a summer lemonade stand. Find out more about wants, profits, and strategies for increasing sales.