Curated OER
Current Events and Prices
High schoolers read a recent article about the likelihood of a decrease or increase in prices of a specific consumer good. Using the Internet, they examine current events and make predictions about their effect on the economy. They write...
Curated OER
The Power of Compounding
Sixth graders examine the concept of compounding interest on invested money. They explore how much interest their money would earn through compounded interest. Students conclude that they should invest early and often.
Curated OER
Can Land Ethics Work?
Students evaluate the various purposes and issues surrounding the management of a nature preserve. They participate in discussion on whether there is intrinsic value in nature for its own sake.
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.
Other
Foundation for Teaching Economics: Lesson 2: Opportunity Cost and Incentives
This lesson plan 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...
Khan Academy
Khan Academy: Lesson Summary: Scarcity, Choice, and Opportunity Costs
An introduction to the concepts of scarcity, choice, and opportunity cost.
Khan Academy
Khan Academy: Opportunity Cost and the Ppc
Practice what you've learned about opportunity cost and the PPC model in this four-question exercise. Topics include how to interpret the PPC, how the PPC shows opportunity costs, and how to represent efficiency and inefficiency using...
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.
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.
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...
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.
![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...
Khan Academy
Khan Academy: Lesson Summary: The Production Possibilities Frontier
Production Possibilities Curve (PPC) also called a Production Possibilities Frontier)is a graphical model that represents all of the different combinations of two goods that can be produced; the PPC captures scarcity of resources and...
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: Off to Interactive Island
This site is a lesson that teaches learners about scarcity and choice. Students participate in a simulation where they are asked to make choices about what they want to take with them in order to survive.
Council for Economic Education
Econ Ed Link: The Perfect Pet
Consider the economic concept of scarcity while selecting items to buy at a pet store.
Council for Economic Education
Econ Ed Link: Economic Spotter: Resources During World War Ii
In World War II pennies were made of steel and zinc instead of copper and women were working at jobs that men had always been hired to do. Why? Because during war times, scarcity forces many things to change!
Khan Academy
Khan Academy: Lesson Summary: Introduction to Macroeconomics
This article summarizes the learning objectives and essential knowledge for the lesson on Scarcity. Here you will find key terms, key concepts, common misperceptions, and discussion questions to help you review what you have learned....
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: Deregulation and the California Utilities
"The verdict is in: California's experiment with energy deregulation is not just a mess; it's a certifiable failure, according to everyone from the state governor to the very utilities that initially backed the scheme." This is how...
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...
Other
Sukromne Gymnazium: The Study of Economics [Pdf]
An introduction to basic concepts in beginning economics.
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: Work, Earnings and Economics: Using Lyddie by Katherine Paterson
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.