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Foundation for Teaching Economics: Lesson 2: Opportunity Cost and Incentives
This lesson plan covers the National Content Standard 2: Marginal Decision Making. It provides key terms and concepts around scarcity forces, changing opportunity costs which affect incentives and choices. It includes links to a...
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: Be All You Can Be for Minimum Wage? (Educator Page)
This instructional activity ask students to calculate the percentage change in military strength over the last two decades, hypothesize economic (and non-economic) explanations for these changes, test hypothetical explanations by reading...
Council for Economic Education
Econ Ed Link: Clipping Coupons
Explore this website to find out how and why consumers make choices on what products to buy. Learn how producers entice consumers into buying their products. This is a very informative lesson plan.
Council for Economic Education
Econ Ed Link: Opportunity Cost of a Lifetime
This lesson encourages students to define opportunity cost, determine the the opportunity cost and trade-offs for certain decisions, and select criteria important for decision making.
Council for Economic Education
Econ Ed Link: Lessons: Little Star's Problem
Lesson that helps student understand the decision-making process and introduces the concept of cost. Students listen to a story and take a short quiz. Includes links to the story and the quiz.
Council for Economic Education
Econ Ed Link: Destination: Mars
Look up! Can you ever imagine standing on another planet and looking down at earth? We've been to the moon - now lets launch an expedition to Mars. Imagine all the preparation you will have to go through in order to have a safe and...
Council for Economic Education
Econ Ed Link: Jelly Belly Jam
In this lesson students will make a decision making chart and use it to help them in deciding which flavor of Jelly beans to buy.
Council for Economic Education
Econ Ed Link: The Story of Jack and the Bank Stalk
Fairy tales have always been used to give lessons about life. The story of Jack and the Bean Stalk is a good activity about the importance of knowing about money and banks. The story of Jack asks the question, "What is money?"
Council for Economic Education
Econ Ed Link: Paraffin Alia
All resources are limited. It is this simple fact--scarcity--that forces us to make decisions. When we do make a choice, we pass up some other opportunity. Opportunity cost is defined as the next best alternative not chosen, or the...
Council for Economic Education
Econ Ed Link: You're Going to College
The students will explore the costs and the benefits of going to college. They participate in a three-part game designed to help them understand the decisions associated with attending college and the benefits available to college...
Council for Economic Education
Econ Ed Link: Work, Earnings and Economics: Using Lyddie by Katherine Paterson
In reading and discussing Lyddie, by Katherine Paterson, students examine basic economic concepts and explore the growth of labor unions and the role of government in a market economy.
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: How the Crusades Led to the Finding of the New World
The instructional activity will help learners to discover the importance of the Crusades to the expansion of many European countries. Students will also be introduced to new products and find out why explorers were willing to risk all to...
Council for Economic Education
Econ Ed Link: Why Adopt a Highway?
Students learn about the successful Adopt-a- Highway program and how it can save governments and taxpayers money.
Council for Economic Education
Econ Ed Link: "Should You Learn to Fly?"
Students will define opportunity cost as they list various career choices and salaries, and calculate future value of money.
Council for Economic Education
Econ Ed Link: Satisfaction Please! (Part I)
Even the savviest consumer has a problem with a good or service on occasion. It is a consumer's right to complain when there is a genuine problem. In some situations, it is also a consumer's responsibility. A problem can't be fixed if no...
Council for Economic Education
Econ Ed Link: College: Where Am I Going to Go?
Students will use a PACED decision making grid to help them decide where they would like to attend college.
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: Everyday Opportunities
In this activity, students will learn about choices and opportunity costs that occur every day. While this activity will go on throughout the day, the actual activity is short.
Council for Economic Education
Econ Ed Link: Mystery Workers: Productive Resources
This website focuses on productive resources which are divided into three categories, natural, human, and capital.
Council for Economic Education
Econ Ed Link: The Perfect Pet
Consider the economic concept of scarcity while selecting items to buy at a pet store.
Council for Economic Education
Econ Ed Link: Economic Spotter: Resources During World War Ii
In World War II pennies were made of steel and zinc instead of copper and women were working at jobs that men had always been hired to do. Why? Because during war times, scarcity forces many things to change!
Council for Economic Education
Econ Ed Link: Car Loan Project
Each student will buy (hypothetically) a car that will need to be financed. The student will need to look at different options and decide which will be the best choice for his situation. The student will need to find an advertisement for...