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Lesson Plan
Council for Economic Education

Econ Ed Link: Every Penny Counts

For Teachers Pre-K - 1st
Lesson that helps learners understand that people must make choices about the goods and services they purchase. Students recognize the prices indicate what people pay for goods and services, learn to compare prices, and understand that...
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Lesson Plan
Council for Economic Education

Econ Ed Link: Economic Incentives in Our Community

For Teachers 3rd - 5th
Students will identify positive and negative economic incentives used in their communities to encourage people to make CHOICES beneficial to the community. Students will recognize that not all incentives convince all people since people...
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Website
Council for Economic Education

Econ Ed Link: Opportunity Cost of a Lifetime

For Teachers 6th - 8th
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.
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Lesson Plan
Council for Economic Education

Econ Ed Link: You Can Bank on This! (Part 3)

For Teachers 3rd - 5th
Building on the first two lessons in the series, this lesson deals with savings and interest. This is the Teacher Version. There is also a link to the Student Version.
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Lesson Plan
Council for Economic Education

Econ Ed Link: Hawaiian Economics: From the Mountains to the Sea

For Teachers 3rd - 5th
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-...
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Lesson Plan
Council for Economic Education

Econ Ed Link: President Obama's Allowance

For Teachers 3rd - 5th
For this lesson, students will identify different expenses in the US budget and will decide on the order of importance for different expenses.
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Lesson Plan
Council for Economic Education

Econ Ed Link: If I Ran the Zoo Economics and Literature

For Teachers 3rd - 5th
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"...
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Lesson Plan
Council for Economic Education

Econ Ed Link: How Much Is That Doggy?

For Teachers 3rd - 5th
Learners will investigate the concept of total cost of ownership. They will brainstorm the costs of owning a dog or a cat. Students will calculate the total cost of ownership to help determine which might be the best pet for them.
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Lesson Plan
Council for Economic Education

Econ Ed Link: Destination: Mars

For Teachers 3rd - 5th
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...
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Lesson Plan
Council for Economic Education

Econ Ed Link: Paraffin Alia

For Teachers 3rd - 5th
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...
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Lesson Plan
Council for Economic Education

Econ Ed Link: Dumptown, Usa: Making a Ton of Difference

For Teachers 6th - 8th
The amount of trash produced in the United States is mounting with each passing year. Communities are finding it increasingly difficult and costly to handle trash disposal. Recycling is considered a key solution to the garbage problem....
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Lesson Plan
Council for Economic Education

Econ Ed Link: Work, Earnings and Economics: Using Lyddie by Katherine Paterson

For Teachers 6th - 8th
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.
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Lesson Plan
Council for Economic Education

Econ Ed Link: The Higher You Climb, the More You Pay

For Teachers 6th - 8th
Young scholars will take a "Virtual Tour" of the Eiffel Tower in Paris France and locate the price of a bottle of water at each viewing platform. They will need to problem solve how to pay for admission, buy the water and be able to pay...
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Lesson Plan
Council for Economic Education

Econ Ed Link: Fad or Fortune

For Teachers 6th - 8th
This lesson focuses on collectibles and how they retain, lose, or gain value. In each round of a trading simulation, students will learn more about the value of their collectibles and discuss why items gain or lose value. They will...
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Lesson Plan
Council for Economic Education

Econ Ed Link: All in Business

For Teachers 6th - 8th
This instructional activity on entrepreneurship can be used to help students understand what innovations are, and what it takes to get an idea off the ground. This instructional activity will take students through the process of...
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Lesson Plan
Council for Economic Education

Econ Ed Link: How the Crusades Led to the Finding of the New World

For Teachers 6th - 8th
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...
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Lesson Plan
Council for Economic Education

Econ Ed Link: It Pays to Stay in School

For Teachers 6th - 8th
This lesson examines some of the incentive programs being offered to keep students in school
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Lesson Plan
Council for Economic Education

Econ Ed Link: To Buy or Not to Buy

For Teachers 9th - 10th
While precise numbers are not known, it is believed the number of boycotts has grown markedly in the past fifty years. Consumers seem to be besieged by requests from special interest groups to refrain from buying certain goods and...
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Lesson Plan
Council for Economic Education

Econ Ed Link: Satisfaction Please! (Part I)

For Teachers 9th - 10th
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...
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Lesson Plan
Council for Economic Education

Econ Ed Link: Business Ownership: The Franchise Option

For Teachers 9th - 10th
Students explore an alternative to starting a business from scratch- investing in a franchise. They begin by considering the pros and cons of a franchise and whether this form of business is an option that would fit their personality and...
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Lesson Plan
Council for Economic Education

Econ Ed Link: Classroom Cash Incentive Plan

For Teachers 9th - 10th
Students will be rewarded for positive behavior and performance in class through a monetary incentive program. Classroom cash will be earned on a daily basis for such things as attendance, punctuality, and assignment completion....
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Lesson Plan
Council for Economic Education

Econ Ed Link: No Extra Room on the Mayflower

For Teachers K - 1st
The students will explore the ideas of scarcity and choices by exploring a virtual model of the Mayflower. They will then pack a virtual suitcase making good choices about what they pack.
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Lesson Plan
Council for Economic Education

Econ Ed Link: Build Your Community

For Teachers K - 1st
Students will learn about a variety of businesses and the service they provide to a community. They will build a town selecting seven business they feel would be the most important to have in order to live in this community.
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Lesson Plan
Council for Economic Education

Econ Ed Link: Tricks for Treats

For Teachers K - 1st
Students will recognize that people (and animals) will work for incentives.