Curated OER
What is Economics?
Students define economics; Explain the importance and process of making economic choices and decisions; Identify the factors of Production; Determine the goal of entrepreneurship. Students identify and describe the difficulties...
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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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If the World Were a Village
Pupils examine the conditions of the global economy. As a class, they discuss the political, economic and cultural differences around the world. They review the concepts of distribution and scarcity and identify the costs and benefits...
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Teaching Economics Using LUNCH MONEY
Learners, after reading the book "Lunch Money" by Andrew Clements, explore money and different saving places. They research different ways in which productivity has increased over the years, they examine products to determine if the...
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Scarcity and Opportunity Cost - To Choose Is To Refuse
Students are introduced to scarcity and opportunity costs. They discuss how different societies allocate their resources differently based on their needs. Illustrating trade offs, they create a production possibility frontier. They...
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Choice, Opportunity, Cost and Decisions
Students 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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The Game of Business
High schoolers practice the economic concepts of scarcity and opportunity cost. They imagine creating their own businesses and brainstorm what they need to know in order to determine when the business is profitable.
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The Soviet Choice For Growth
Students 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 school day.
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Introduction to Economics
Students discover the basic economic problem: scarcity; examine how "there is no such thing as a free lunch" (opportunity costs); and define economics. They act out a play demonstrating basic economic principles.
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Andersonville Prison: A Civil War Economic Microcosm
Learners develop the concept of economic systems. In this economic system lesson, students create command and market economic systems.
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Edwin Perkins: A Nebraska Success Story
Fourth graders explore the life of the inventor of Kool-Aid to unearth concepts of a market economy. Vocabulary presented helps support the learning process.
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Water, Water, Everywhere (High School)
Young scholars view different types of water to make the point that salt or polluted water isn't useful for drinking water. They chart causes, consequences and solutions to water scarcity based on internet research. They write an essay...