Khan Academy
Khan Academy: The Production Possibilities Frontier
The Production Possibilities Frontier (PPF) is a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology. The PPF captures the concepts of scarcity, choice, and...
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Foundation for Teaching Economics: Homepage
The Foundation for Teaching Economics is committed to excellence in economic education. The Foundation offers free workshops for high school educators and students. This site includes workshop dates, locations, and registration...
Council for Economic Education
Econ Ed Link: I Can Dream Anything!
Go to this site for fun activities and a great lesson on personal choices and specialization. This lesson provides the primary teacher with an excellent opportunity to incorporate a character education lesson on self-esteem, while...
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: No Extra Room on the Mayflower
The learners 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.
Council for Economic Education
Econ Ed Link: You Decide!
Think about a difficult decision you have had to make. After you decided did it work out? Why or why not? Why do you think decisions and choices are hard to make? We make personal decisions and we make decisions as groups. There is a...
Council for Economic Education
Econ Ed Link: Production Possibilities Curve
Students will apply the concepts of scarcity, choice, and opportunity costs using a production possibilities curve. Students will interpret points inside and outside the curve. As an extension, students will see the relationship between...
Council for Economic Education
Econ Ed Link: You Can Bank on This! (Part 2)
As in the first ', You Can BANK on This, you will learn that banking should not be confusing - it should be INTERESTING! Lesson Two will continue learning with Zing, but this time we will learn all about budgeting - and budgeting means...
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: Scarcity With the Lewis & Clark Expedition (Student Version)
Use this EconEdLink intermediate lesson to teach your students about the concept of scarcity. Allow students to use the interactive simulation of the Lewis and Clark Expedition to demonstrate their ability to make sound decisions in the...
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Foundation for Teaching Economics: Lesson 2: Opportunity Cost and Incentives
This lesson 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 teacher's...
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: 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: Rationalizing Transplants
This lesson encourages students to explain the consequences of a non-market rationing process, to evaluate the consequences of restricting organ transplants to U.S. citizens, and to suggest alternative policies to reduce the scarcity of...
Council for Economic Education
Econ Ed Link: There Is Something in the Water
The United States is losing 60,000 acres of wetlands each year. Is this good or bad? Does anyone really want to live in swamps, fens, bogs, and marshes? Or is it better economics to drain the wetlands for other purposes like agricultural...
Council for Economic Education
Econ Ed Link: Booker T. Washington:"fifty Cents and a Dream"
Young Booker T. Washington had a dream. That dream was to use the resources at his disposal to earn the money necessary to get an education that would allow him and others to become financially secure. This lesson based on the picture...
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: 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: Trade to the Tailor: Student Version
Learners can use this site online in conjuction with the teacher's lesson plan, "Trade to the Tailor."
Council for Economic Education
Econ Ed Link: Fad or Fortune
This activity 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...
Council for Economic Education
Econ Ed Link: How the Crusades Led to the Finding of the New World
The lesson will help students 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 locate new...
Khan Academy
Khan Academy: Ap Macroeconomics: Lesson Summary: Opportunity Cost and the Ppc
In this lesson summary, review the key concepts, key terms, and key graphs for understanding opportunity cost and the production possibilities curve.