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Money Smart children
Students elementary financial vocabulary words: spend, save, invest and donate. In this finance lesson plan, students respond to the story "Sam and the Lucky Moon." Students describe the concepts of wants and needs, resources, scarcity,...
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Spend, Save, Invest or Donate (9-12)
Students explore the concept of personal finance. In this philanthropy lesson, students examine decisions they make about money as they discover the definitions of philanthropy, resources, scarcity, choice, benefits, costs, opportunity...
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Invest In Yourself
Students learn about budgeting, saving, dept, financial management, opportunity cost, and self-regulation. For this financial management lesson, students apply their knowledge of finance components and create their own web based plan...
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Scarcity and Choice
Learners participate in a role play as producers of two goods, allowing students to experience scarcity. They make choices about using their scarce resource to produce both or one of two goods. Then they construct...
Federal Reserve Bank
Lesson 1: Katrina Strikes
Most families have an emergency kit in their home with flashlights, water, and extra food. But what happens to your money when disaster strikes? An economics lesson focused on the aftermath of Hurricane Katrina in 2005 demonstrates the...
Federal Reserve Bank
What Are the ‘Ingredients’ for Economic Growth?
Delve into the concept of economic growth with your class members, including why economic growth is important, what causes it, and how can countries encourage it.
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The Price of European Commodities in 1803
Young scholars peruse actual price lists of European commodities dealers Strobel and Martini of Bordeaux, France. Each student creates a sales receipt of items that they have purchased from the French Brokerage firm. Students explore...
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Economics: People as Producers and Consumers
Students examine the dual roles of producers and consumers in people by creating fictional stories that include examples of both. Their stories include descriptions of the tools and skills needed for the jobs of their characters and...
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Food Insecurity
Explore food insecurity and resource scarcity with your class. They discuss the sharing of scarce resources, how to be good caretakers of these resources, and how choices impact the entire world.
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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...
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Rationing Scarce Goods and Services
Students examine the concept of scarcity. They list ways in which they can all get a piece of a good or service. They discover the concept of scarcity and discuss.
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Using My Money Wisely
Students discuss the costs and benefits of spending and saving their money. They identify a decision-making process to money decisions. They also examine their opportunity costs.
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Making Choices With Scarce Resources
Students examine the role of scarcity and how to allocate resources. They describe examples of opportunity costs and tradeoffs. They choose a service project based on a cost and benefits analysis. They finally evaluate the impact of the...
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The Economy
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
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What Can I Afford?
Middle schoolers explore the costs of various cell phone plans, and various types of banking accounts to determine which one would yield the highest returns if the money saved from the cell phones were placed in different accounts.
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Why People Trade
Students explore the role of government in the economy market. In this economics instructional activity, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they...
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Andersonville Prison: A Civil War Economic Microcosm
Students develop the concept of economic systems. In this economic system lesson, students create command and market economic systems.
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PRODUCTION, CONSUMPTION, AND INCENTIVES
Fifth graders design a web page. They include features he or she would typically like to see when visiting web pages. They title the topic of the web page "Features That Make a Great Web Site." They explain that there are incentives...
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Inside the Vault-Entrepreneurship
Students explore entrepreneurship. In this economic study instructional activity, students take a pretest on attitudes, review characteristics that make up an entrepreneur, review a list of famous entrepreneurs, and create a 5 minute...
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Store Wars: When Wal-Mart Comes to Town
Students watch video clips about the effects of Wal-Mart coming to towns. They develop a cost-benefit analysis related to the proposed store. They write their mayor listing their recommendation for the new store.
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Basic Trading
Young scholars review the basic ideas of exchange. In groups, they discover the incentives for trade and participate in a simulation. They are given a packet of stamps which are worth varying monetary amounts. They discover the concepts...
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Entrepreneurship: Creating Products and Systems That Meet the Needs of Your Clients
There is no better way to learn about a subject than with a hands on project. Middle schoolers design and create a product that meets the needs of fictitious clients. They view a PowerPoint, consider how the Western marketing style is...
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Prioritizing National Economic Goals
Eighth graders define the generally accepted list of national economic goals. They discuss the compatability/incompatibility of goals. They participate in a consensus-building exercise to rank economic goals in order of importance.
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Budgeting Your Financial Resources
Students explore the aspects of making a budget. In this money management instructional activity, students learn the importance of budgeting and what all goes into creating a budget by eventually creating a budget of their own including...