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The REAL Cost of College
Learners explore the cost of college and how to plan and save. In this money management instructional activity students do research on the cost of college, learn about making financial choices, earning, spending, saving, investing and...
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Introduction To Economics
High schoolers examine the fundamental nature of economics - unlimited wants and scarce resources and the need to make choices, the three questions related to the economic problem and its implications for an economy. This lesson plan...
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Give and Take
Young scholars analyze a scheduling dilemma. In this opportunity cost and trade-offs lesson, students must schedule the school gym for basketball games, but there are not enough hours for all the games. Groups determine how time will be...
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Something from Nothing
Learners identify opportunity costs. In this resources lesson students are read the story Something from Nothing by Phoebe Gilman. Learners list the things Grandpa makes Joseph. Students state why people make choices.
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Tarantula Shoes
Students read a book about Ryan O'Keefe, a young man who wants a pair of basketball shoes promoted by a basketball star. They explore about spending, saving, opportunity cost, and trade-offs as they study Ryan's decisions throughout the...
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Why Nations Trade
Young scholars discuss international trade. In this trade lesson, students read about comparative advantage and the benefits of international trade. Young scholars perform a skills test to determine their individual specialization areas...
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Creating Volunteers
Students discuss the benefits of volunteering. In this creating volunteers lesson, students consider philanthropic actions and opportunity costs. Students create a song and visual aid about being a volunteer.
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First Grade Economics Unit
First graders begin by studying the differences between a "good" and a "service". They compare items to each other to help comprehend the differences. They also look into the differences between buyers and sellers and how the choices...
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Opportunity Cost
Students explore the concept of opportunity cost. Classmates discuss, orally and in writing, a time when they had to make a choice when all choices seemed worthwhile. They explore the impact of making decisions when resources are...
Council for Economic Education
Production Possibilities Curve
Demonstrate the important economic principles of the production possibilities curve, including how to calculate opportunity cost and graph curves by using a table or calculation. Learners use a variety of methods, including videos,...
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Smart Consumers, Smart Choices
Students see what it means to be a smart consumer by engaging in a level-headed analysis of budget, opportunity costs and self-regulation. They compare prices within a service field, and weigh the choices of spending money on that item.
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Trade Offs and Opportunity Cost
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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The Soviet Choice For Growth
High schoolers examine five major events in Soviet History to introduce the concept of opportunity cost. They identify considered alternatives at the time of decision and examine benefits and cost. They apply these ideas to a typical...
Workforce Solutions
Reality Check
Talk about a reality check! High schoolers complete a lifestyle survey indicating their preference for housing, entertainment, etc., and then calculate the salary required to support those choices. Finally, they research the types of...
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Love Letters to the World
Students practice personal decision making. In this philanthropy lesson, students compare three different projects, identify the opportunity cost of each, and make a personal decision about which project they feel the class would pursue.
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TECH: The Trading Game
Property ownership, restricted trade, and free trade are the topics of this game. Kids play a trade game to better understand the interrelationship between technology, economics, and personal choices. Rules to the game and a series of...
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Choice, Opportunity, Cost and Decisions
Pupils discuss the definition of scarcity and tradeoffs, and the differences between choice and cost. They create budgets and must provide tradeoffs for some of their choices.
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Is the Tassle Worth the Hassle?
Students analyze the costs of college education. In this economics lesson, students discuss the concept of opportunity cost as it relates to obtaining a college degree to secure a job.
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Economics Unit I - The Basics
Twelfth graders access how scarcity requires individuals and institutions to make choices about how to use available resources. They explore the characteristics of different economic systems and institutions. Student are able to describe...
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What's In It For Me?
Learners analyze the costs and benefits that are involved with owning a business. They create their own decision making grid and identify their trade-offs. They also identify the opportunity costs involved in owning their own business.
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The Berenstain Bears' Mad, Mad, Mad Toy Craze
Students use the book, The Berenstain Bears' Mad, Mad, Mad Toy Craze, to explore spending, collecting, opportunity cost, saving, and speculating.
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Advanced Math Budget Project
What financial situations and decisions await young learners after they graduate from high school? This project allows class members to glimpse into the types of responsibilities they will have as adults, from considering job...
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Scarcity and Choice
Students 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...
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Decisions! Decisions! What Will I Do?
Pupils demonstrate formats of opportunity cost. Students illustrate this concept by choosing two pictures and analyzing them for color and cost. They write a short paper explaining their findings.