![Federal Reserve Bank of St. Louis: Monster Musical Chairs [Pdf] Lesson Plan](https://d15y2dacu3jp90.cloudfront.net/images/attachment_defaults/resource/large/FPO-knovation.png "Federal Reserve Bank of St. Louis: Monster Musical Chairs [Pdf] Lesson Plan")
Federal Reserve Bank
Federal Reserve Bank of St. Louis: Monster Musical Chairs [Pdf]
A lesson based on the book, Monster Musical Chairs, by Stuart J. Murphy. Students learn, through a game of musical chairs, that any supply of goods is limited and not everyone's wants will necessarily be met.
Council for Economic Education
Econ Ed Link: Ncee: Tapped Dry: How Do You Solve a Water Shortage?
Water is a limited and sometimes scarce resource. What do you do when the supply is limited?
Texas Education Agency
Texas Gateway: Ch. 2: Choice in a World of Scarcity: Critical Thinking Questions
This is a list of five critical thinking questions based on content presented in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Review Questions
This is a set of 11 review questions based on the content covered in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Self Check Questions
This is a list of seven self-check questions covering the content presented in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Key Concepts & Summary
This section focuses on the key concepts and a summary of macroeconomics covered in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics.
Texas Education Agency
Texas Gateway: Macroeconomics: Confronting Objections to the Economics Approach
By the end of this section, you will be able to analyze arguments against economic approaches to decision-making, interpret a trade-off diagram, and contrast normative statements and positive statements.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Problems
This page poses a situation which is followed by four problems to solve. They are based on information in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Other
Federal Bank of Richmond: My Money
For elementary students, this booklet of activities teaches basic money skills and concepts. Includes lesson plans.
Auburn University
Auburn University: Glossary of Political Economy Terms: Scarcity Explained
This is a very thorough definition of scarcity prepared by Dr. Paul Johnson of Auburn University. The site includes hyperlinks to related topics.
![The Energy Game: Finding Energy Resources [Pdf] Lesson Plan](https://content.lessonplanet.com/knovation/original/15325-c671054d71e32c4f995636d392ff9c02.jpg?1661812513 "The Energy Game: Finding Energy Resources [Pdf] Lesson Plan")
Other
The Energy Game: Finding Energy Resources [Pdf]
This energy classroom game focuses on energy sources. Students learn that energy, the environment, and economics are closely tied. During the course of the game students discover the concepts of scarcity, opportunity cost, net energy...
Robert Schenk, PhD
Cyber Economics: Scarcity and Choice
This site from the St. Joseph's College examines the importance of scarcity and choice in terms of an economic system. A further explanation explores how various people have constructed utopias to assume away the problem of scarcity.
Council for Economic Education
Econ Ed Link: Marketplace: Iraq's Supply and Demand
In this lesson, students listen to an audio file about how the growing demand for workers in Iraq in May 2004 affected the job market, and how the effects of low growth in the supply of workers shaped companies' hiring practices and...
Council for Economic Education
Econ Ed Link: Marketplace: Price Increase or Price Gouging?
Students learn about price-gouging. Using a hypothetical post-disaster example, they will learn more about supply and demand, as well as the complexities associated with price increases in a supply-constrained market.
Other
The Mint: Scarcity, Choice, and Decisions
This is a group activity lesson plan that provides students with the opportunity to incorporate decision making, scarcity, and choice in planning a prom.
Other
Mcwdn: Needs and Wants Quiz
Answer five questions about needs and wants to test knowledge about this basic economic principle.
Other
Sukromne Gymnazium: The Study of Economics [Pdf]
An introduction to basic concepts in beginning economics.
Other
Water Encyclopedia: Globalization and Water
Learn how the increasing integration and interdependence of countries on water affects not only the production and consumption of products, but also culture, security, the environment, and the exchange of ideas.
Ohio Test Prep
Ohio Test Prep: Module 8: Economics Concepts
Ohio Test Prep on fundamental concepts teaches about supply and demand, scarcity, and trade. Includes video tutorials, interactive practice and review, and assessment.
Council for Economic Education
Econ Ed Link: The Shoemaker's Tools
This lesson incorporates the folk tale of The Shoemaker and the Elves to teach your students about the concept of capital resources. Lesson contains a link to an animated retelling of this beloved classic. Use it to have students...
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: Hawaiian Economics: From the Mountains to the Sea
Ancient Hawaii was ruled by chiefs, who were responsible for the well-being of their people and for managing the islands' resources. The chiefs divided the islands into land districts shaped like pie slices called Ahupua'a (ah-who-...
Council for Economic Education
Econ Ed Link: If I Ran the Zoo Economics and Literature
Welcome to the Zoo! In this two-day instructional activity you will use Dr. Seuss' If I Ran The Zoo book to introduce the economic concepts to your students. You will also get the chance to use actual zoo criteria to help a zoo "choose"...
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...