Council for Economic Education
Econ Ed Link: Trouble Is Brewing in Boston: "Colonial Voices Hear Them Speak"
It's December 16, 1773 and many of the citizens of Boston are furious with King George's new tax on tea. Young Ethan, a printer's errand boy, has been given the task of conveying information concerning an upcoming protest meeting. As he...
Council for Economic Education
Econ Ed Link: Productivity Video and Quiz
This video teaches the concept of Productivity, which is measured as the quantity of output per unit of input. Watch the brief video and take the interactive quiz to assess what you have learned. [1.47]
Council for Economic Education
Econedlink: Trade, Exchange and Interdependence
This video teaches the concept of Trade, Exchange and Interdependence. People do not make everything that they and their family use: that is, they do not grow all their own food, sew their own clothes, build their own house and provide...
Council for Economic Education
Econ Ed Link: Lean on Me We Depend on Each Other
Check out this website to learn more about the economy, specialization, and the reasons assembly lines are used.
Council for Economic Education
Econ Ed Link: Lean on Me We Depend on Each Other!
The purpose of this activity is to demonstrate that the production of most goods can be broken down into a number of specific tasks (division of labor), with each of these tasks assigned to specific workers (specialization.)
Council for Economic Education
Econ Ed Link: Banks, Bankers, Banking
Students will demonstrate understanding of the processes associated with banking by role-playing as customers, tellers, and guards.
Council for Economic Education
Econ Ed Link: Dry as a Bone
This lesson examines the current state of drought in the United States and the economic impact of drought on local communities.
Council for Economic Education
Econ Ed Link: Transportation: They Say We Had a Revolution (Part 1)
Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a considerable impact on the development of transport as we know it today. In this series of three lessons, the...
Council for Economic Education
Econ Ed Link: Henry Ford and the Model T: A Case Study in Productivity (Part 1)
Henry Ford's use of mass production strategies to manufacture the Model T revolutionized industrial manufacturing. This 3-part learning unit provides students with the story of Henry Ford and the Model T from an economics perspective....
Council for Economic Education
Econ Ed Link: Classroom Cash Incentive Plan
Learn more about the economy through this informative lesson. "In this lesson, you will learn how the incentive program affects the personal choices you make in class. You will also analyze how economic incentives can affect behavior."
Council for Economic Education
Econ Ed Link: Incentives Influence Us
Find out more about the concept of incentives in our economy through this lesson plan. "You will identify incentives used at home and school."
Council for Economic Education
Econ Ed Link: Frontier Specialists
The level of output in an economy can be increased through specialization. Economic specialization occurs when people produce different goods and services than they consume. It requires people to exchange goods and services.
Council for Economic Education
Econ Ed Link: Hawaiian Economics: Barter for Fish & Poi
In ancient Hawaii, chiefs managed the economy by creating a land division system, the Ahupua'a, which divided the islands into pie slice shapes. Each Ahupua'a covered the three main regions of the islands: the mountains, the valleys, and...
Council for Economic Education
Econ Ed Link: Green Eggs and Economics?
Economic concepts are often found in places students have never considered, like children's literature. In this lesson, students will explore the various economic concepts addressed in five of Dr. Seuss' most popular books: The Cat in...
Council for Economic Education
Econ Ed Link: Nafta: Are Jobs Being Sucked Out of the United States?
NAFTA, the North American Free Trade Agreement, went into effect on January 1, 1994. The Agreement phases out most tariffs between the United States, Canada, and Mexico. Tariffs, which are taxes on imports, increase the price of foreign...
Council for Economic Education
Econ Ed Link: Should Le Bron James Mow His Own Lawn?
This instructional activity will discuss absolute advantage, comparative advantage, specialization and trade with an example using professional basketball player LeBron James.
Council for Economic Education
Econ Ed Link: Specialization and the Decathlon
This lesson uses results from the 2008 Summer Olympic Games to explain that athletes specialize in sports and events for which they are most skilled for the same reasons that individuals and nations specialize in the production of goods...
Khan Academy
Khan Academy: Claim Testers: Episode 3 Planting Seeds
The claim-testing gang find themselves in a bind and conduct their own experiment to show how agriculture leads to more complex societies.
Khan Academy
Khan Academy: What Is Urban Growth?
How were cities formed? This article explains the formation of cities starting from the neolithic revolution to current times. It addresses such topics as urbanization, suburban sprawl, and urban growth models.
Khan Academy
Khan Academy: Ap Macroeconomics: Lesson: Comparative Advantage/gains From Trade
In this AP Macroeconomics lesson summary from Khan Academy reviews and reminds about the key terms, graphs, and calculations used in analyzing comparative advantage and the gains from trade. Key concepts include how to determine...
Wikimedia
Wikipedia: Absolute Advantage
This site defines "absolute advantage" and gives simple examples.
Auburn University
Auburn University: Glossary of Political Economy Terms: Specialization
Dr. Johnson defines the term "specialization" and reasons for its development in our economy.