Teach Engineering
Considering Trade-Offs and Maximizing Efficiency in a Fast Food Restaurant
Make fast food restaurants even faster. Groups consider trade-offs when maximizing efficiency in fast food restaurants. Restructuring schedules and floor plans, as well reassigning job duties, all fall under this directive.
Curated OER
Tarantula Shoes
Students read a book about Ryan O'Keefe, a young man who wants a pair of basketball shoes promoted by a basketball star. They explore about spending, saving, opportunity cost, and trade-offs as they study Ryan's decisions throughout the...
Curated OER
Grappling with Trade-Offs
Students are divided into groups representing different departments of the United States government. They identify the goals and needs of their department. They present their information to the class and answers comprehension questions.
Curated OER
Deliberating "Pros" and "Cons" of Policy Options
Learners work together to examine different policy options. Using documents, they explain the trade-offs and incentives of each option. They complete a handout for each option and discuss the outcome of each role-play. They end the...
Sophia Learning
Sophia: The Production Possibilities Frontier
Through a series of videos and notes, lesson gives students a better understanding of the production possibilities curve and how it applies to economics.
Other
Federal Reserve Bank of Boston: The Economics of Pro Team Sports
Great interactive baseball game that combines your knowledge of economics and pro sports trivia. After completing the nine innings, you should have a better understanding of how economics is used in everyday life.
![Michigan Department of Agriculture: Risks vs Benefits in Food Production [Pdf] Lesson Plan](https://d15y2dacu3jp90.cloudfront.net/images/attachment_defaults/resource/large/FPO-knovation.png "Michigan Department of Agriculture: Risks vs Benefits in Food Production [Pdf] Lesson Plan")
Other
Michigan Department of Agriculture: Risks vs Benefits in Food Production [Pdf]
Michigan Department of Agriculture provides this site that teaches students about the risks and benefits involved with food production. Includes a detailed lesson plan along with a list of terms and definitions. Gives great background...
Federal Reserve Bank
Federal Reserve Bank of Minneapolis: Why Johnny Can't Choose
If you don't know what the economy is or how it works, this site is for you. It is broken into subsections that make it easy to understand the economy.
Sophia Learning
Sophia: Trade and Comparative Advantage
Through illustrated notes and a related video, students will gain an understanding of comparative advantage and why trade is beneficial. [4:10]
Council for Economic Education
Econ Ed Link: Sand Art Brownies
In this lesson, you will learn about substitute goods. You will have choices to make in your role as a shopper. In making these choices, you will decide whether you are willing to accept one good as a substitute for another or not. Are...
Council for Economic Education
Econ Ed Link: If You Hear a Hoot, Then This Site Is Kaput
Should the Endangered Species Act of 1973 be left alone so the legal system is left to decide the toughest cases? Should the Endangered Species Act of 1973 be revised in order to increase economic growth without endangering listed...
Council for Economic Education
Econ Ed Link: You're Going to College
Interactive game gives students the chance to learn about costs and benefits, the cost of college, and potential lifetime earnings.
Council for Economic Education
Econ Ed Link: The Perfect Pet
Interactive activity in which students learn how to deal with scarcity and the difference between wants and needs as they choose what to buy for their new pet fish with $5.00.
Council for Economic Education
Econ Ed Link: Risk and Return
Economics learning website with video on the concept of risks and return on investments.
Council for Economic Education
Econ Ed Link: Country Mouse Makes a Decision! (Student Version)
Use this site to teach your primary students how to identify the costs and benefits of making a decision. Animated link to the story, Country Mouse Makes a Decision, makes this an entertaining and educational economics lesson.
Council for Economic Education
Econ Ed Link: Opportunity Cost
Website with short video [0:20] and quiz teaches the concept of opportunity cost. Links to related material and lessons.
Khan Academy
Khan Academy: The Terms of Trade
Practice what you have learned about trade in this four-question exercise.
University of Nebraska Omaha
Ec Ed Web: Give and Take
A lesson plan from the University of Nebraska for Middle School students about choice, opportunity cost, and trade-offs. Indicates standards, materials, objectives and is differentiated for one grade below and above grade-level students.