Economic Theory Teacher Resources

Find Economic Theory lesson plans and worksheets
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60 Second Adventures in Economics

For Teachers 11th - 12th Standards
To regulate or not to regulate? To spend or save? A collection of six animated videos examines some of the great dilemmas of economics, including the conflicting theories of Adam Smith, William Phillips, and John Maynard Keyes. The short...
4:54
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"The Cluster of Errors" - The Austrian Theory of Boom and Bust

For Students 10th - 12th Standards
Does the financial crises of 2008 fit the Austrian economic theory of "boom and bust"? American economics professor Lawrence H. White discusses economists' rationale for following interest rates and the reliability of turning to theory...
2:28
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The Laffer Curve - Economic Theories

For Students 11th - 12th Standards
Delve into the world of economic theory with the Laffer curve and introduce your young economists to the relationship between tax revenue and tax rates.
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Jokes, Quotations, and Cartoons in Economics

For Teachers 9th - 12th Standards
Humor offers a great tool teach the basics of economics to scholars via video clips, satire, and political cartoons. Individuals create their own economic humor to present to the class—with the assistance of Daryl Cagel's online...
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Introducing Literary Theory – A Unit Wrap-Up

For Teachers 9th - 10th Standards
Literary theories are lenses through which a text may be analyzed. The question in this lesson plan is how a particular literary lens can influence the reader's view of the text.
3:04
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An Intro to Keynes’s The General Theory of Employment, Interest and Money

For Students 9th - 12th Standards
How quickly can an economy recover from a shock? John Maynard Keynes challenges the classical economist view of a self-correcting economy with his 1936 work, The General Theory of Employment, Interest and Money. A short view features the...
3:35
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An Introduction to Von Neumann and Morgenstern’s Theory of Games

For Students 9th - 12th Standards
How are economic behavior and games of strategy connected? A video summary of Theory of Games by Von Neumann and Morgenstern discusses the concept of game theory. The installment of a larger playlist covering the world's greatest ideas...
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Public Choice Theory and The Economics of Taxation

For Teachers 11th - 12th
Let your students know how our economy works, what taxation is, and how Public Choice Theory affects the economics of taxation. This is a comprehensive and well defined presentation that includes links to additional information provided...
11:50
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Political Theory - Friedrich Hayek

For Students 9th - Higher Ed Standards
Friedrich Hayek is known for his theories on the connection between economics and political science—and the way they influence each other. An informative video describes Hayek's political philosophy and his views on the importance of a...
9:47
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Basic Economics Lesson 3 - Prices and Production

For Teachers 9th - 12th
Economics can be hard to explain and not very interesting for learners. This video does a good job of explaining economic theory with clear examples, but it doesn't captivate its viewers. Production, price, and economic options are...
2:53
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Game Theory Dominant Strategy Practice

For Students 11th - 12th Standards
Young economists practice designing game theory matrices and determining dominant strategy in firms using an instructional video by an experienced economics teacher.
3:25
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Oligopolies and Game Theory

For Students 11th - 12th Standards
Challenge your young economists with a problem on oligopolies and game theory in which they determine two sample firms' dominant strategies and options for maintaining and lowering prices.
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Learning About the Federal Budget: “Get a Pencil, You’re Tackling the Deficit!”

For Teachers 10th - 12th Standards
Your class members have been selected by the president to help solve the budget crisis as part of a special deficit commission. After learning about fiscal policy, economic theories, and the federal budget through a detailed PowerPoint...
3:25
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An Introduction to John Rawls’s A Theory of Justice

For Students 9th - 12th Standards
Justitia, the Roman symbol of justice, is traditionally pictured as blindfolded, holding a sword in one hand and a balance scale in the other to represent that idea that justice should be independent of wealth, power, or status. But how...
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Manipulating the AD/AS Model: Exogenous Demand and Supply Shocks

For Students 11th - Higher Ed
Explore the economic theory of supply and demand using this resource. This lesson focuses on using the AD/AS model, including exogenous demand and supply shocks.Learners read a description and then draw a AD curve that represents the...
9:28
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Political Theory - Karl Marx

For Students 9th - Higher Ed Standards
Every political theory needs a devil's advocate. Discussing Karl Marx with your classroom creates a healthy debate about the pros and cons of the capitalistic system and government. Last in a series of 13, the video includes primary...
1:36
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Hayek's Gift

For Students 10th - 12th Standards
Two economists walk into a restaurant...Here is a fun video clip that provides a small glimpse into the influential economic theories of John Maynard Keynes and Friedrich Hayek. 
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Chapter 8: Introduction to Economic Growth and Instability

For Teachers 10th - 12th
Help your young economists put the current financial situation into context with this fluid and informative presentation. Complete with a thorough list of key terms at the end and a useful navigation tool on each slide, the presentation...
7:41
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The Economics of House of Cards

For Students 10th - 12th Standards
How does the modern television show House of Cards and its dramatization of a power-hungry congressman in American government illustrate public choice theory—the concept that politicians retain personal interests after being elected into...
7:30
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"The Bust" - The Austrian Theory of Boom and Bust with Lawrence H. White

For Students 10th - 12th Standards
In the "boom and bust" of a business cycle, what takes place during a recession? What should the role of government be? Watch as an American professor of economics comments on this theory, which mixes the interview with relevant graphics...
9:55
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Game Theory and Oligopoly

For Students 9th - 12th Standards
Competition makes the economy go 'round! Learn about non-price competition and other elements of game theory, along with the details of oligopolies, with a video from Crash Course Economics.
10:33
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Behavioral Economics

For Students 9th - 12th Standards
Understanding how consumers think is key to staying in business. Show high schoolers how their buying behavior really does affect the way the economy works with an informative video from Crash Course Economics. The video illustrates the...
6:44
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Political Theory - Adam Smith

For Students 9th - Higher Ed Standards
Can capitalism have virtue? Adam Smith thinks so! The 12th video in a series of 13 discusses Smith's political and economic views. Pupils discover these concepts and more through primary source photographs and examples that relate to...
12:08
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Intro to Economics

For Students 9th - 12th Standards
There's an opportunity cost to everything you do, but it's minimal when you're learning about an applicable topic like economics. Join the Crash Course team as they introduce a 35-part video series on economics and briefly address some...