Economic Concepts Teacher Resources
Find Economic Concepts lesson plans and worksheets
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Council for Economic Education
Learners participate in a WebQuest to apply economic concepts. In this economics lesson plan, students are guided to various websites and simulate being an entrepreneur.
Does consumer spending really grow the economy? Check out this well-produced, comical and memorable video to consider this question with your young economists.
Review the circular flow model and connections between the resource and product market with help from a well-versed economics instructor, who explains the concept using illustrations and clear instructional guidance.
How can we provide a true measurement of GDP when dollar values increase over time as a result of inflation? Review the concept of nominal versus real GDP with your class members with this quick and informative video.
Here is a gem of a resource for you and your learners to learn about nominal vs. real GDP and the different types of unemployment using clips from the film Back to the Future. This engaging presenter reviews the goals of an economy, how...
Compare and contrast world economies and their differences in capital, and examine the four components of GDP with a dynamic speaker and scenes from the movie Cars. The video draws connections between the film and topics such as the...
Third graders distinguish between savings and spending. Students graph out a variety of important Economic concepts/vocabulary. They set up an imaginary job to save money and spend money.
Students, exercising knowledge, reasoning and communication complete a chart that is well-organized and well-detailed. They assess the Economic concepts of supply and demand and how that relates to production and sales. In addition, an...
The Great Depression does not fit into a simplistic narrative. This video introduces learners to the complicated and complex nature of this historical event in the United States with a heavy emphasis on the progression of economic...
Continuing from a previous video explaining the various budgetary proposals of 2013 in the United States, this video illustrates a more in-depth analysis of the fiscal cliff. It reviews complex concepts such as the pros and cons of...
Opt out of another dry economics lesson with this crazy video featuring a performance and rap song about the contributions and theories of economists Friedrich Hayek and John Maynard Keynes. The primary topic of focus is a boom and bust...
From scarcity and marginal benefits and costs to economic systems and GDP, this 22-question multiple choice test covers some of the most fundamental concepts of economics.
What do strawberries, gasoline, and human kidneys have in common? Explore the concept of supply and demand, and the varying degrees of demand for particular items in the free market, with an informative video from Crash Course economics.
Federal Reserve Bank
The members of your economics class may be busy earning graduation credits, but the credit they should be concerned about is their financial credit. The third lesson plan in a unit about Hurricane Katrina and other events that can result...
Score a touchdown with an exciting game of financial football! Middle schoolers choose their favorite teams and play a virtual game of football as they answer various questions about economics.
Federal Reserve Bank
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...
Get the full scoop on John Maynard Keynes and the origins of his incredible influence on macroeconomics and the role of government. British economist Robert Skidelsky offers unique insight into Keynesian economics and its fundamental...
Council for Economic Education
How do people improve their economic situations? While many learners may not consider questions about how many crops to grow in ancient times were economic decisions, a hands-on activity encourages individuals to make these connections....
How do producers maximize the benefit, or utility, of their products? This economics instructor attempts to answer that question in less than 60 seconds using avocados, mangos, and numbers as his tools.
Do companies work better when everyone works on everything, or when each person or department focuses on one specialized task? Explore the benefits of specialization and trade in the modern global economy with a explanatory video.
If you're short on time toward the end of the school year but would like to give your class a thorough overview of the United States in the 1990s, check out this detailed and entertaining review. The video reviews everything from...
Utah Education Network (UEN)
If you receive poor service, should you contact the FDA or the BBB? Discuss important economic terms with a vocabulary practice page. Learners fill in the blanks after each concept and elaborate on its function in the economy.
Invite your learners to review the major objectives and policies enacted thus far into the presidency of Barack Obama in the United States. John Green begins by providing an overview of the recession of 2008 and the subprime mortgage...