Council for Economic Education
Econ Ed Link: Price Elasticity: From Tires to Toothpicks
Students gain an understanding of price elasticity of demand and why different goods have different degrees of elasticity. Students learn how to calculate price elasticity of goods.
Council for Economic Education
Econ Ed Link: Trade in Colonial America / Nafta
Often teachers and students are able to internalize historical and economic concepts through a more recent event that has occurred within their time frame. This lesson is an extension for the lesson, "Understanding the Colonial Economy."...
Council for Economic Education
Econ Ed Link: Economic Sectors and International Development
Using poverty rate as a measure of development, students select countries five at a time to compare how resources are allocated to three economic sectors (agriculture, industrial, service). After making comparisons, students will...
Council for Economic Education
Econ Ed Link: Business Ownership: The Franchise Option
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...
Council for Economic Education
Econ Ed Link: Classroom Cash Incentive Plan
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....
Council for Economic Education
Econ Ed Link: How Is Our Economy Doing?
Students learn the meaning and measurement of six important economic indicators and use the St. Louis Federal Reserve Bank National Economic Trends website to assess the current state of the economy.
Council for Economic Education
Econ Ed Link: Fiscal and Monetary Policy Process
Students follow each step of fiscal and monetary policy processes, to see the logic of how these tools are used to correct economic instability.
Council for Economic Education
Econ Ed Link: Cpi the Crystal Ball
Governments and other financial organizations are constantly measuring trends in the economy to try to predict what will happen next. The ability to successfully predict economic trends has a profound effect on whether or not a business...
Council for Economic Education
Econ Ed Link: Multipliers and the Mystery of the Magic Money
Young scholars learn about the purpose of the reserve requirement, how money is "created" in the economy through fractional reserves, and how the Federal Reserve uses the reserve requirement and loans to correct economic instability.
Council for Economic Education
Econ Ed Link: What Does a Dollar Really Buy?
Students will describe the purpose of a price index, and how it is calculated. Then students will describe the weaknesses of the CPI, and interpret CPI data as a measure of economic health. Finally, students will identify who is harmed...
Council for Economic Education
Econ Ed Link: Nyse Made Easy
This lesson plan will help students to understand the terms that are associated with the New York Stock Exchange. It will also help students to read a stock market report found in any major newspaper or online.
Council for Economic Education
Econ Ed Link: Stock Market Price History
Each of us seek to make wise investment decisions that will make our money grow. Unfortunately, we cannot predict the future, but the past can give us a window to understanding the risks and rewards of investing in the stock market. This...
Council for Economic Education
Econ Ed Link: Economics in the Headlines
Learners learn how to identify headlines in the news and current events as illustrations of problems in supply and demand. Students will be linked to news sites to create their own analysis of supply and demand issues in problems facing...
Council for Economic Education
Econ Ed Link: Wages and Me
Students explore the reasons for differences in the wages for several occupations. Then students are guided through the Bureau of Labor Statistics website to find information about their potential careers and wage rates nationally and in...
Council for Economic Education
Econ Ed Link: The Controversial School Voucher Issue
Recently, the concept and use of school vouchers has come to the forefront of political, societal, constitutional, and economical discourse. From Florida's new voucher program to the presidential political debates, school vouchers...
Council for Economic Education
Econ Ed Link: The Economics of Income: The Rich Nations Mystery
Why are some countries very wealthy and others so poor? In this lesson you will learn about the factors that contribute to a nation's standard of living.
Council for Economic Education
Econ Ed Link: Save the Moonflowers
Margaret Mee (1909-1988) was a botanical artist who often traveled up the Amazon River alone in search of rare flowers to collect and paint. Even at the age of 79, she planned to return to the Amazon for another excursion. On...
Council for Economic Education
Econ Ed Link: How Long Is Your Life?
High school young scholars have rarely been asked to look at their future beyond where they will be going to college or what job they think they will have. This lesson asks you to think in a long-term perspective. By using a timeline,...
Council for Economic Education
Econ Ed Link: Let's Talk Turkey: The Cost of Thanksgiving Dinner
How does your family celebrate Thanksgiving? Are you joined by friends and/or family for a special feast? What do you eat? Most American families celebrate Thanksgiving by cooking turkey. According to EatTurkey.com, approx. 88 percent of...
Council for Economic Education
Econ Ed Link: The Wizard of Oz Visits Japan
Deflationary conditions in the United States have not returned since the Great Depression. Instead, U.S. policymakers have frequently found it necessary to battle inflation over the past sixty years. While not a problem in America,...
Council for Economic Education
Econ Ed Link: Tapped Dry: How Do You Solve a Water Shortage?
Economists do not operate in a vacuum. If an economist is going to suggest that the price of a good needs to be increased, he or she needs to consider who will bear the increase in costs. Will the costs be distributed equally or will one...
Council for Economic Education
Econ Ed Link: The Road to Emerald City Is Paved With Good Intentions
'The Wizard of Oz' is perhaps the most popular film ever made. Generations of families have enjoyed this classic tale of Dorothy's struggle to return home from a faraway land. What is not well known, however, is that 'The Wonderful...
Council for Economic Education
Econ Ed Link: If You Hear a Hoot, Then This Site Is Kaput
Should the Endangered Species Act of 1973 be left alone so the legal system is left to decide the toughest cases? Should the Endangered Species Act of 1973 be revised in order to increase economic growth without endangering listed...
Council for Economic Education
Econ Ed Link: Airline Mergers, Software Industry Monopolies: Contestable Markets?
Mergers within industries such as banking, telecommunications, and airlines have created a stir among consumers who charge that economic freedom and efficiency are being sacrificed in favor of corporate profits. For this lesson, students...