Council for Economic Education
A Perfect Pet
Students read the story "The Perfect Pet". They examine how scarcity is a problem in society when people can not have everything they want which forces them to make (economic) choices.
Curated OER
Something from Nothing
Students identify opportunity costs. In this resources lesson students are read the story Something from Nothing by Phoebe Gilman. Students list the things Grandpa makes Joseph. Students state why people make choices.
Curated OER
Do I Want or Need?
Students explore wants and needs. In this introductory economics instructional activity, students use a "pinch card" to display whether a familiar item is a "want" or a "need". Students listen to the book Alexander used to be Rich on...
Council for Economic Education
NOT Your Grandma's Lemonade Stand
Students participate in a WebQuest to apply economic concepts. In this economics lesson plan, students are guided to various websites and simulate being an entrepreneur.
Curated OER
Calculating Profits from Selling Virtual Lemonade
Students set up and collect data for a virtual lemonade stand. In this entrepreneurship, economics, and technology lesson, students purchase ingredients, determine costs, and set up a virtual lemonade stand. Students consider weather...
Curated OER
Fourth Grade Social Studies
In this social studies worksheet, 4th graders complete multiple choice questions about the Constitution, natural resources, economics, and more. Students complete 25 multiple choice questions.
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Why Nations Trade
Students discuss international trade focusing on opportunity cost and the principle of comparative advantage. They engage in a simulation activity based on different countries and their economic benefits.
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The Great Paper Airplane Factory
Students investigate the economics of starting a business in this series of lessons. They role play parts of a business organization that sells paper airplanes making decisions based on calculations to make the most profitable organization.
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Our Country's People Lesson 3
In this recognizing our country's people worksheet, learners review and identify economic terms. Students write eight multiple choice answers.
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Track the Path of Coffee From Farm to Store Shelf
Students investigate the cultivation and marketing of coffee. In this global studies lesson, students consider the connections of the 21st century world as they explore how coffee makes it from farms to their homes. Students consider the...
Curated OER
McMUN Model United Nations
If you have been searching for a plan to run a model U.N. simulation, this plan provides some bare bones for your lesson. Scholars break into blocs to research and discuss global issues and come up with collaborative solutions. In their...
Curated OER
Teaching Economics Using LUNCH MONEY
Students, after reading the book "Lunch Money" by Andrew Clements, explore money and different saving places. They research different ways in which productivity has increased over the years, they examine products to determine if the...
Rice University
Principles of Microeconomics for AP® Courses 2e
An informational textbook covers key principles related to microeconomics, such as consumer behavior and using models to understand economic issues. Young scholars also complete self-check questions at the end of each section to check...
Curated OER
The Economics of Risk
Students consider the plight of immigrant food industry workers in the United States. In this social justice instructional activity, students identify the pros and cons of being an undocumented worker in the U.S. and discuss labor laws.
Federal Reserve Bank
Investing in Yourself: An Economic Approach to Education Decisions
What is the difference between physical capital and human capital, and in which should you invest? While considering the concept of return on investment, take a look at the payoffs and consequences of investing in training and...
Federal Reserve Bank
Time Inconsistency: Today’s Actions = Tomorrow’s Regrets
Why do we choose instant gratification over maximizing lifetime satisfaction? How is this reflected in government and macroeconomics? Learn how one research analyst proposes individuals and governments can accomplish greater lifetime...
Council for Economic Education
New Sense, Inc. vs. Fish 'Till U Drop or Coase Vs. Pigou
Who is responsible for protecting the environment, and who should pay when it is damaged? The role of government and private industry is complicated. A role-play simulation prompts individuals to decide how to protect a fictitious town...
Council for Economic Education
Sand Art Brownies
Which is better, Coke or Pepsi? Pupils analyze the concept of substitute goods as they investigate the choice to purchase alternate products for better prices. Fun and practical, the engaging shopping exercise helps savvy scholars get...
Practical Money Skills
Shopping Wisely
Work on making good shopping choices with a fun economics project. Kids analyze the differences between brand names and generic products, bigger and smaller units for purchase, and different places they can shop for different items.
Council for Economic Education
Production Possibilities Curve
Demonstrate the important economic principles of the production possibilities curve, including how to calculate opportunity cost and graph curves by using a table or calculation. Learners use a variety of methods, including videos,...
Miami University
Chapter Nine Worksheet: Monopoly
Advanced economics pupils analyze a series of graphs, data sets, and profit scenarios all related to monopolies and marginal revenue. They read through the background information, complete a graph using the data provided, and justify...
Curated OER
Economic Activity and Markets
Young scholars identify and interpret that economic activity involves making choices in the face of scarcity, therefore making choices involves a cost. They also identify that individuals interact in markets by inducing one another,...
Curated OER
Smart Consumers, Smart Choices
Young scholars see what it means to be a smart consumer by engaging in a level-headed analysis of budget, opportunity costs and self-regulation. They compare prices within a service field, and weigh the choices of spending money on that...
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Economic Choices for Exploring the Fronteir
Fourth graders explain the hardship of economic limitations in Westward Expansion . They describe the effects of fluctuations in supply and demand. They put themselves in the place of pioneers hoping to build a homestead.