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...
Federal Reserve Bank
The Rising Cost of College: Tuition, Financial Aid, and Price Discrimination
Are average college tuition and fees really rising in the United States? Here is a fascinating take on the rising cost of college tuition and how price discrimination may explain what is often seen as an insurmountable cost for...
Curated OER
The Price of Gasoline: What's Behind It?
When gasoline is in high demand and on short supply, OPEC can raise the price to turn a significant profit. Help learners understand the economics behind demand, profit motive, and monopolies with a lesson that focuses on OPEC and...
Carolina K-12
Practice Test of Economics
From scarcity and supply and demand to entrepreneurship and the stock market, here you'll find a multiple-choice assessment that includes 34 questions covering all the major concepts of a traditional economics course.
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...
EngageNY
Markup and Markdown Problems
There is a 100 percent chance this resource will help pupils connect percents to financial literacy. Young mathematicians use their knowledge of percents to find markups and markdowns in financial situations in the seventh segment in a...
Curated OER
The True Cost of Coffee
Learners examine the economic, health and environmental risks of being a one-crop country. They explain the risks of relying on one crop. They also identify the factors that resist change.
Teach Engineering
Cost Comparisons
Our final proposal for the cost of the bridge requested is ... In the last segment in a series of 10, pairs work together to develop a proposal for a city bridge design. The class completes a cost comparison between concrete and steel to...
Missouri Department of Elementary
How Much Does Smoking Really Cost?
Following a brief survey about tobacco, scholars examine a fact sheet to answer questions about the substance. A practice page challenges the class to determine the cost of the habit using money math. Pupils discuss their findings...
Curated OER
The Business of Agriculture
Learners explore the importance of agribusiness in the US economy. They play one game where they sort and discuss the importance of agricultural commodities. They also play the game Pit to better understand how agricultural products are...
Curated OER
Source Search: Agricultural Products
Farmers just farm, right? Find out how important agricultural products are to our modern society. Learners will explore the foods, textiles, and fuels made from industrial farm goods. They'll also explore the idea of choosing an...
Curated OER
Law of Supply
Review and restate the law of supply. In groups, learner practice reading a supply schedule and supply curve. They explain how and why changes in the cost of production change supply, then work together to complete practice problems to...
Curated OER
Economics Study Guide
Use this resource as a basic review of economic principles. There are six questions relating to the factors of production, opportunity costs, wants and needs, tangibles and intangibles, and more.
DocsTeach
How Effective were the Efforts of the Freedmen’s Bureau?
Effective or ineffective? As part of a study of post Civil War America, young historians analyze a series of primary sources to evaluate the effectiveness of the Freedmen's Bureau in addressing the challenges faced by the slaves freed by...
Teach Engineering
Design Step 6: Evaluate/Manufacture a Final Product
This is what all of the excitement has been building up to! Young engineers create engineering drawings, use machines to manufacture their products, test, and evaluate their designs in the last step in the engineering design...
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
Petro Products
In this petroleum products worksheet, students are given the components of crude oil and they graph the various products found in a 50 gallon barrel. Students complete an activity to determine if they have collected cards that represent...
Curated OER
Chapter 7: Measuring Domestic Output, National Income, and the Price Level
Young economists will enjoy this approachable and informative presentation. It is full of helpful graphs and definitions. Especially interesting will be the graph that measures the global perspective of the underground economy as a...
Curated OER
Populism & the Election of 1896
Populism and the rise and fall of the Populist Party are the topics of this presentation, which details the Presidential Election of 1896 and the role of silver. Detailing main points with clever political cartoons and informative maps,...
Curated OER
The Foundation of Economics
This is a one-stop shop as an introduction to Economics; review 53 slides covering the basics of most economics principles with images and instructor notes. Journey from Adam Smith and the foundation of modern economics to concepts such...
Curated OER
Pricing Your Craft Worksheet
This cross-curricular activity could be used to teach economics, business, practical math, and more. Learners pretend they are craftspeople and choose a craft to market. Using a graphic organizer and provided models, class members...
Council for Economic Education
The Economics of Income: If You’re So Smart, Why Aren't You Rich?
If basketball players make more than teachers, why shouldn't learners all aspire to play in the NBA? Unraveling the cost and benefits of education and future economic success can be tricky. Economic data, real-life cases, and some...
College Board
2001 AP® Microeconomics Free-Response Questions
How does one factor in the social costs of a product? What factors influence price? Learners consider the question and others using authentic College Board materials. Other questions examine profits and competition in the market and the...
Federal Reserve Bank
FRED in the Classroom: Measures of Inflation
Don't just tell class members about how to measure inflation, have them experience it firsthand by asking them to work with real data and construct graphs!