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Lesson Plan
Curated OER

Scarcity and Opportunity Cost - To Choose Is To Refuse

For Teachers 8th - 12th
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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Worksheet
Curated OER

Consumer Price Index Worksheet

For Students 11th - 12th
In this economics worksheet, students respond to 2 problem solving questions regarding production and the consumer price index.
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Lesson Plan
Curated OER

Create and Market Your Product

For Teachers 9th - 12th
Students work in groups of four to create and market a product. They choose or create a product which fits snuggly in the box given at the beginning of class. Students are told that the product must not be an article of clothing, shoes...
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Worksheet
Curated OER

Consumer Price Index

For Students 10th - 12th
In this economics worksheet, students respond to 2 problem solving questions regarding production and the consumer price index.
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Worksheet
Curated OER

Price Elasticity of Demand

For Students 11th - 12th
For this economics worksheet, students respond to 15 fill and the blank and multiple choice questions about price elasticity of demand.
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Lesson Plan
Curated OER

Opportunity Cost

For Teachers 9th - 12th
Young scholars 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...
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Lesson Plan
Curated OER

Smoking: The Real Cost

For Teachers 3rd
Third graders discuss the adverse effects of smoking and predict the financial cost of a smoking habit. They collect data regarding the cost of a pack of cigarettes and average packs smoked a day. They create bar graphs displaying the...
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Lesson Plan
PBS

The Housing Crisis: GDP, Housing Bubble, Recession

For Teachers 7th - 12th
Secondary pupils examine the housing bubble and the 2008 and global economic crisis. Defining GDP and GDP growth, recession, and bubbles, young economists debate what makes a bubble and how housing can be an economic indicator. Small...
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Worksheet
Curated OER

Economics Study Guide

For Students 11th - 12th
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.
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Lesson Plan
Curated OER

Virtual Field Trip

For Teachers 5th - 7th
Are we there yet?  Young trip planners learn about their state and plan a trip. They will select sites to see in three cities in their state, and record associated costs in a spreadsheet. While this was originally designed as a...
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Lesson Plan
Curated OER

And You Thought Gasoline Was Expensive!

For Teachers 3rd - 12th
Students carry out a cost analysis. In this comparative math lesson, students compare the cost of equal measures of gasoline to mouthwash, house paint, fruit juice, white-out, and other liquids.
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Lesson Plan
Curated OER

Economic Reasoning: Why Are We A Nation Of Couch Potatoes?

For Teachers 9th - 10th
Students examine the visual aids of this lesson to study the costs and benefits of decisions about diet and exercise. They investigate human choice as it affects behavior and in turns effects economics and consequences.
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Lesson Plan
Curated OER

The National Economy - Measures and Models

For Teachers 8th - 12th
Students review economic goals and evaluate progress in achieving those goals. They focus on equity, efficiency, economic freedom and growth. They provide and example of a production decision for the economy as a whole.
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Lesson Plan
Curated OER

Bud the Spud Moves West

For Teachers 9th - 12th
As part of a unit on Canadian agriculture, this focuses on how potato farms have increased in the west. Pupils participate in a discussion about the impact of consumer demand on production, and then they read an article about potato...
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Activity
Federal Reserve Bank

FRED in the Classroom: Measures of Inflation

For Teachers 10th - 12th Standards
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!
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Assessment
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California Education Partners

Miguel's Milkshakes

For Students 7th Standards
Moooove over, there's a better deal over there! The fourth segment in a series of eight requires individuals to determine the best unit cost for milk. Scholars calculate the least amount they can spend on a particular quantity of milk....
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Worksheet
Federal Reserve Bank

What Are the ‘Ingredients’ for Economic Growth?

For Students 9th - 12th Standards
Delve into the concept of economic growth with your class members, including why economic growth is important, what causes it, and how can countries encourage it.
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Worksheet
Curated OER

Consumer Price Index

For Students 10th - 12th
In this economics worksheet, students respond to 2 problem solving questions regarding production and the consumer price index.
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Worksheet
Curated OER

Consumer Price Index Worksheet

For Students 11th - 12th
In this economics learning exercise, students respond to 2 problem solving questions regarding production and the consumer price index.
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Worksheet
Curated OER

Consumer Price Index Worksheet

For Students 10th - 12th
In this economics worksheet, students respond to 2 problem solving questions regarding production and the consumer price index.
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Lesson Plan
Curated OER

Market Basics: Demand, Supply, and Price Determination

For Teachers 9th - 12th
High schoolers 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...
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Worksheet
Curated OER

Production Possibilities Curve Worksheet

For Students 10th - 12th
In this economics activity, students respond to 12 problem solving questions regarding production possibilities and the production possibility curve.
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Lesson Plan
Curated OER

Cost Calculations Lesson Plan

For Teachers 10th - 11th
Students analyze data using graphs and equations. In this algebra activity, students calculate the cost of lumber, convert price per foot to price per piece, solve equations using addition and subtraction and give exact answer when...
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Lesson Plan
Curated OER

Trade Offs and Opportunity Cost

For Teachers 9th - 10th
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...

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