Discuss with the class the reasons for identifying and defining the term material culture as refering to a vast array of objects and activities that people make and do traditionally. Your class can identify diverse crafts and decorative...

Pupils understand the meaning of natural resources. They distinguish between renewable and non-renewable natural resources. To help students identify natural resources as either non-renewable or renewable. To stimulate student thinking...

Eleventh graders explain that Deerfield became prosperous because of the river trade and improved agricultural practices. They examine how transportation and communication were improved.

Fourth graders explore the Gross Domestic Product (GDP) of Peru.

James Madison University has developed a variety of online economic lessons for middle school students. Explore basic economic and financial concepts.

A key turning point in a nation's economic development is when it starts to use its resources for long term versus short term purposes. A natural resource example is trees: should people use wood for cooking food or building homes?...

The three factors of production-labor, capital, and natural resources. Explain the role of technology and entrepreneurs in the utilization of the economy's factors. Labor is the human effort that can be applied to the production of goods...

This is a lesson plan geared toward first through third grades, cross-curricular, dealing with economics and literature. "Learn about economics: producers, resources (natural, human, capital), intermediate goods; and Language Arts:...

Using the book, Ten Mile Day, by Mary Ann Fraser, this lesson helps children understand division of labor, competition, and incentives in the workplace.

In this lesson summary review and remind yourself of the key terms and calculations related to the balance of payments. Topics include the current account (CA) and the capital and financial account (CFA, sometimes called simply the...

By the end of this section, you will be able to do the following: Explain the meaning of trade balance and its implications for the foreign exchange market, Analyze concerns over international trade in goods and services and...

International trade allows countries to buy and sell both domestic and foreign goods, as well as services and financial assets. A country's transactions are summarized in a set of accounts called the Balance of Payments (BOP). Young...

Every economic system tries to anticipate and then meet human needs through the production and distribution of goods and services. The economic system is the mechanism that brings together natural resources, the labor supply, technology,...

Overview of the Free Enterprise system in the United States discusses how production, prices, and goods and services are determined.