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Economics Study Guide
Use this resource as a basic review of economic principles. There are six questions relating to the factors of production, opportunity costs, wants and needs, tangibles and intangibles, and more.
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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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Something from Nothing
Students identify opportunity costs. In this resources lesson plan students are read the story Something from Nothing by Phoebe Gilman. Students list the things Grandpa makes Joseph. Students state why people make choices.
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Time Value of Money
Students evaluate the time value of money. In this economics lesson, students define inflation, interest, and the future value of money.
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Uncle Jed's Barbershop
Fourth graders examine productive resources. In this economics lesson, 4th graders read a book about a man who saves money to buy his own barbershop. After reading, students get into groups to play a game to learn about savings.
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Charge Cards!
Students identify and define the various types of credit cards and credit card offers. In this credit cards lesson, students identify the pros and cons of managing a credit card account. Students locate information on the Federal...
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Money situations
In this money situations worksheet, students read money word problems and then list the benefit, opportunity cost, risks, and responsibilities for each one. Students do this for 6 questions.
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Scarcity, Choice and Decisions
Students study the basic economic trilogy (scarcity, choice, and costs). For this money management lesson, students use a scenario of a High School Prom to calculate how scarcity, choice and cost apply by completing provided worksheets...
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Why Nations Trade
Students discuss international trade. In this trade instructional activity, students read about comparative advantage and the benefits of international trade. Students perform a skills test to determine their individual specialization...
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Give and Take
Students 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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Can't You Make Them Behave, King George?
Fifth graders describe the changes in King George III's policy toward the American colonies by sequencing key events between the French and Indian War and the American Revolution. They explain the colonial reactions to command decisions...
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The Rising Cost of Health Care: Is there an explanation?
Twelfth graders explore rising health care costs and the Law of Diminishing Marginal Utility. They participate in an activity that demonstrates the Law of Diminishing Marginal Utility. Students read the may 27, 2005 Economic Letter and...
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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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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...
Council for Economic Education
Timing Is Everything
Students discuss the incentives and opportunity costs of spending vs. saving. They follow an interactive website which shows them the how much money they could end up with by saving instead of spending.
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Economics Worksheet: Opportunity Costs
For this economics worksheet, students use their problem solving skills to calculate opportunity costs and graph their calculations.
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Production Possibilities & Opportunity Cost
In this economics worksheet, 12th graders respond to 15 multiple choice questions about production possiblities and opportunity costs.
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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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Love Letters to the World
Young scholars 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...
PBS
America's Infrastructure: Miller Center National Discussion Debate Series
Junior high and high school learners study infrastructure and its relationship to the current economy. They review handouts, watch a PBS clip, and review case studies in order to answer provided questions and role play over their views...
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Credit: Buy Now & Pay Later
Students examine credit and how it works. In this financial literacy lesson plan, students review the pros and cons of credit in order to purchase goods and services by answering provided questions and working within a group to come up...
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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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Financial Planning for Catastrophe
High schoolers examine the case of The Gulf Coast and relate it financial importance. In this financial planning lesson, students watch a video and then begin to analyze how to plan for the unexpected by reviewing the financial...
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Rebuild Your Community
Students explore the Gulf Coast disaster and what it took to rebuild the community surrounding it. In this economic development lesson, students watch a video from the Nightly Business Report and explore what all it takes to make up a...