Federal Reserve Bank
Choices Are Everywhere: Why Can’t We Just Have It All?
Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics.
Council for Economic Education
Opportunity Cost
The price of those new shoes involves more than just money! Individuals explore the concept of opportunity cost using a video clip and gratification discussions. They prepare a budget based off of their set of values in regards to...
Visa
Savvy Spending: Sharpening Money Decisions
Do you really need that new laptop/phone/dress/jacket/etc.? Financial decisions require us to distinguish between our wants and our needs. Through discussion and the evaluation of scenarios on provided worksheets, this resource will...
Visa
Making Decisions
What economic factors can influence personal and financial decisions? In an effort to understand opportunity costs and the time value of money, pupils engage in role-playing activities and discussion, as well as view a PowerPoint...
Federal Reserve Bank
Cotton in My Sack
As part of a study of saving choices and opportunity costs, class members listen to a reading of Lois Lenski's Cotton in My Sack, and then evaluate the spending choices made by the Hutley family.
Federal Reserve Bank
On the Court with... Michael Jordan
Pupils learn foundational economic concepts and consider the importance of decision-making, how to evaluate choices and alternatives, and the benefits of consistent training and practice by learning about the early life of Michael Jordan.
Missouri Department of Elementary
Opportunity Knocks, But It Costs, Too!
Sixth graders practice six steps to effective problem solving. Working with the school counselor, class members are presented with a scenario that requires them to make a decision. Individuals then write a reflection in which they...
Federal Reserve Bank
Glo Goes Shopping
Making decisions can be very difficult. Show your class one way to evaluate choices with this lesson, which is inspired by the book Glo Goes Shopping. Learners practicing using a decision-making grid with the content of the story and a...
Girl Scouts
Daisy Making Choices Leaf
Shed light on the concept of financial literacy with a series of four activities that examines needs vs. wants, gives scholars the opportunity to buy products using paper money, and set goals to save money.
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...
Federal Reserve Bank
Piggy Bank Primer: Saving and Budgeting
Introduce young economists to basic concepts like unlimited wants, opportunity costs, saving, and budgeting with this workbook designed by the Federal Reserve Bank.
Workforce Solutions
Plan a Vacation
Challenge scholars to plan a vacation with a $5,000 budget. Learners review costs of transportation, meals, and entertainment while considering the number of people and destination. Worksheets provide information and well-organized...
Literacy Design Collaborative
Catching a Grenade: How Word Choice Impacts Meaning and Tone
Beyonce's "Halo" and Bruno Mars' "Grenade" provide eighth graders with an opportunity to consider how a writer's choice of words can create a very different tone even when the subject is the same. After a close reading of both lyrics,...
Council for Economic Education
Sand Art Brownies
Which is better, Coke or Pepsi? Pupils analyze the concept of substitute goods as they investigate the choice to purchase alternate products for better prices. Fun and practical, the engaging shopping exercise helps savvy scholars get...
Federal Reserve Bank
Lesson 1: Katrina Strikes
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...
Personal Genetics Education Project
Scientific Themes in Personal Genetics
Humans can be tested for the presence of the BRCA gene, whose presence is an indicator that they have a greater chance of acquiring breast cancer than someone without the gene. Viewers have an opportunity to explore how genes and...
Missouri Department of Elementary
Don’t Tease Me!
A whole-class discussion sheds light on school bullying and ways to prevent it. Scholars share a moment when they observed or experienced some sort of teasing. Pupils brainstorm ways such behavior can be stopped or prevented.
Visa
Making Money
From evaluating the current employment market to building a resume, pupils are introduced to the wide and varied elements of career planning.
Visa
Cars and Loans
What's the best way to pay for a car? Should I buy used or new? Can I realistically afford a car? Pupils discover the ins and outs of buying a car, from how to shop for car insurance to the advantages and disadvantages of leasing.
School Improvement in Maryland
Socio-Economic Goals of the Government
Equity. Increased productivity. Price stability. Environmental protection. Decreased poverty. Governments establish socio-economic goals and then must design and fund programs to address these goals. Groups investigate various programs...
Workforce Solutions
Reality Check
Scholars complete the Reality Chech handout that identifies their potential salary given a specific profession. Pupils examine the lifestyle options and choose what they wish to have; however, each item costs money and, depending on how...
Personal Genetics Education Project
Introduction to Personal Genetics
Adolescents have the opportunity to consider how they feel about the possibilities presented by the current availability of genetic sequencing. After some instruction, they participate in a four-corners activity in which you read a...
Federal Reserve Bank
The Car Deal Package
Buying a car is no easy task, and can have major long-term consequences if done without proper financial knowledge. Ensure your learners are prepared with the information and criteria for comparing different car deals and signing contracts.
PBS
The Media and the War: The Penny Press, Walt Whitman and the War
The Mexican-American war marked a significant moment in United States history, as well as in the history of American media. The mid-nineteenth century saw the introduction of the Penny Press, which provided many American citizens with...