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Carolina K-12
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in producing a car and using that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources, and...
Carolina K-12
Comparing Economic Systems
How do people make decisions in a world where wants are unlimited but resources are not? How do individuals and governments utilize scarce resources (human, natural, and capital) in different economic systems? Introduce your learners to...
Sharp School
Real Life Economics 101
Your learners will take key economic concepts, such as identifying needs versus wants and the four factors of production, and design a video to explain their topic choice to the class. Rather than have one person in charge of dispensing...
Council for Economic Education
Teaching Economics Using Children's Literature
Introduce young learners to the subject of economics using their favorite stories and books. Including 24 separate lessons, this guide covers economic principles such as trade, scarcity, consumer goods and services, renewable and...
World History Digital Education Foundation, Inc.
COVID-19: Globalization and Economic Impact
How does COVID-19 affect a global economy? The final installment in a three-part series explores the economic impact of the illness on a global scale. High school historians discuss globalization and analyze sources of data to understand...
Council for Economic Education
Economic Systems of the Incas and Aztecs
The Inca and Aztecs created vast economic empires in South America, but how did economics play a role? A simulation activity and reading help scholars evaluate the kinds of markets these great civilizations created. They then consider...
Council for Economic Education
How Neolithic Farmers Increased Their Standard of Living
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....
Council for Economic Education
China - Where Will They Fit in the World Economy?
Teach scholars why China is so crucial to global economics through an informative resource. Activities include using databases to search for information, watching a video or listening to a podcast, and reading about China's economy as a...
Federal Reserve Bank
Diversification and Risk
After being given a portfolio of investments, your young economists will learn how to assess the relative risk of the portfolio's products and understand the importance of diversification, relating these economic concepts to real-life...
Constitutional Rights Foundation
Unemployment and the Future of Jobs in America
Unemployment: The job of the future. The resource, designed for high school scholars, explains unemployment rates, recessions, and job trends that are impacting employment in the United States. Academics explore potential careers of the...
Arkansas Economics
The Bead Game
What better way to learn about different economic systems than to participate in them? An engaging bead game highlights the differences between market, command, and traditional economies. In small groups, 6th graders work through three...
Federal Reserve Bank
The Little Red Hen Makes a Pizza
Make a study of producers and consumers with an updated version of the classic story The Little Red Hen (this one is called The Little Red Hen Makes a Pizza). After reading and discussing the story and terms, learners practice being...
Council for Economic Education
Entrepreneurs in Mesopotamia
While ancient Mesopotamia didn't have the TV show "Shark Tank," it was a time of entrepreneurship as workers began to specialize. Both individual workers and the societal structure encouraged individuals to consider how they could...
National Endowment for the Humanities
People and Places in the North and South
North and South: two opposite directions and two opposite economic and social systems in time of the Civil War. Pupils peruse census websites and primary source photographs to understand what life was like for the everyday person before...
Theodore Roosevelt Association
Roosevelt's Legacy: Conservation
The legacy of Theodore Roosevelt carries through modern American politics, economics, foreign policy, and society. But his proudest and most profound efforts were in the world of conservation, and in preserving the natural beauty of...
New York City Department of Education
The Game of Life
Academics use their research skills to create a financial guidebook for young adults. They also learn about the skills needed to be successful as an adult, including how to use credit cards and how to buy a car. Hands-on activities and...
Federal Reserve Bank
Ten Mile Day
Get your class working on the railroad with this detailed and interactive lesson. After reading and discussing Ten Mile Day, learners explore division of labor, human capital, and productivity with a hands-on group activity in which they...
Federal Reserve Bank
Government Spending and Taxes
What types of government programs are designed to improve economic inequity in the United States? Introduce your learners to government programs, such as low-income housing, Social Security, and Medicaid, how they work to improve...
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,...
Federal Reserve Bank
Potato: A Tale from the Great Depression
There are so many ways to use a potato: bake it, fry it, or barter it. The lesson explains the concepts of bartering, money, and goods and services with a story that takes place during the Great Depression. Academics complete group...
Council for Economic Education
Using an Excel Checkbook
High school is the time that many scholars get their first jobs. Help young entrepreneurs apply economic principles to crucial skills for their new jobs and for functioning in society in general. They use Excel to balance a checkbook by...
Federal Reserve Bank
Ben Franklin: Highlighting the Printer
By studying Benjamin Franklin's work as a printer, your class will have a fantastic opportunity to learn about the economic concepts of entrepreneurship, human capital, and investment.
Carolina K-12
Learning About the Federal Budget: “Get a Pencil, You’re Tackling the Deficit!”
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...
Federal Reserve Bank
Once Upon a Dime: Middle School Lesson Plan
Once Upon a Dime ... a group of middle schoolers wanted to learn about economics! Teach them complex economic concepts like supply and demand through a resource that effectively simplifies the explanations. Pupils work through various...