Curated OER
Frozen Price Game
Students participate in an economics game which demonstrates the advantages of price allocation over other methods.
Curated OER
Opportunity Cost
Students explore the concept of opportunity cost. Classmates discuss, orally and in writing, a time when they had to make a choice when all choices seemed worthwhile. They explore the impact of making decisions when resources are...
Curated OER
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...
Curated OER
Production Possibilities & Opportunity Cost
In this economics activity, 12th graders respond to 15 multiple choice questions about production possiblities and opportunity costs.
Curated OER
Market Basics: Demand, Supply, and Price Determination
Students are introduced to the concepts of supply and demand. Using the Law of Demand and Supply, they develop charts and graphic models of supply and demand. They compare and contrast the behavior of consumers and suppliers when there...
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,...
Curated OER
Life in a Soviet Household
Students simulate the transaction costs experienced by the average householder in the former Soviet Union. They consider time spent searching and waiting in line, scarcity of goods and the lure of the black market.
Curated OER
The Economic Way of Thinking - About Everything
Students write their definitions of economics on index cards and revise them as the lesson continues. They discuss the principles of economic reasoning and after completing a quiz, use economic reasoning to solve "real life" mysteries.
Curated OER
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.
Curated OER
Holiday Market Basket Information
Students practice with calculation of a price index using a fictitious market basket. They apply higher level problem-solving skills and develop an awareness of multicultural holiday rituals.
Illustrative Mathematics
Firefighter Allocation
Creating equations with one variable to solve real-world-type problems is a key skill any algebra learner needs to master. Here the focus is on realizing that one can write the equation in different ways depending upon how one...
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...
Curated OER
Economic Problems and Adjustments
This packet does not contain problems for students to solve, however it provides a complete description of the allocation of resources in a competitive market. One could send this resource home as an assigned reading or have students...
Curated OER
Budgets: The Cost of Running a Planet
Students develop a personal and planetary budget. They explore the "Spending Central" section of the ING website, discuss why we keep personal budgets, and in small groups complete a worksheet in which they create a budget for the planet.
Curated OER
In the Chips
Twelfth graders explore how markets exist whenever buyers and sellers exchange goods and services and that market prices are determined through the buying and selling decisions made by buyers and sellers. They also study how the market...
Curated OER
Incentives, Profit and the Entrepreneur
Students discuss hypothetical problems associated with price and profit. They discuss the fairness of profit, how it should be measured, and the consequences of setting acceptable levels of profit.
Curated OER
Who Owns Water
Students role play how water is allocated to different holders of water rights. In this ecology lesson, students identify the different water rights available. They explore problems associated with water use including drought, degraded...
Curated OER
Inflation and Unemployment
Twelfth graders are introduced to the relationship between inflation and unemployment. They define the employment and unemployment rate and practice calculating the figures. Analyzing minimum wage laws, they model a process for...
Curated OER
Road To Roota
Did you know that there are comic books that can help learners discover economic concepts like supply and demand. The format of this lesson is highly engaging and enables them to discover how economics can be an exciting field of study....
Council for Economic Education
Tapped Dry: How Do You Solve a Water Shortage?
Young scholars, after evaluating different allocation methods for water, determine the costs and benefits of each method.
Curated OER
Why Do Gasoline Prices React to Things That Have Not Happened?
Students investigate how the price of gas is determined. In this economics lesson, students analyze supply and demand and seasonal demand, create tables and graphs and reflect on consumer expectations.
Curated OER
Fashion Sense and Dollar Wise
Middle schoolers find the cost of an outfit. In this percentages lesson, students look at ads, pick out an outfit, and find the sale price. They create a commercial and complete 4 included worksheets.
Curated OER
Graphic Accounts
Students identify the use of different types of bar graphs. They analyze graphs used in the New York Times to compare the estimated cost of the war in Iraq to other hypothetical expenditures and reflect on how graphs can help illustrate...
Curated OER
Inflation and Unemployment
Students explore the role of government in the economy market. In this economics lesson plan, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying...