Consumers are faced with tough choices because so many innovative and exciting products and services are available. Therefore, engraining a decision-making process that includes considering of opportunity cost is necessary to shape...

Between the Civil War and World War II, railroads were one of the nation's most important businesses and an integral part of people's lives. In this lesson plan, students assume the role of detectives investigating why the rail companies...

Students learn about banks and credit unions, identifying similarities and differences between the two types of financial institution. They also evaluate a local bank and credit union to determine which one would be better suited to...

In this lesson, learners will learn about the impact that efficient markets have on attempting to correctly time the stock market, as well as how investing in stocks should have long-term investment goals. Part I begins by having...

Students will investigate unforeseen costs of car loans and/or house loans. They will then evaluate the economics of decision making, the ramifications of their choices, and options available to them. Students will compute costs and...

Henry Ford's use of mass production strategies to manufacture the Model T revolutionized industrial manufacturing. This 3-part learning unit provides students with the story of Henry Ford and the Model T from an economics perspective....

Henry Ford's use of mass production strategies to manufacture the Model T revolutionized industrial manufacturing. This 3-part learning unit provides students with the story of Henry Ford and the Model T from an economics perspective....

Henry Ford's use of mass production strategies to manufacture the Model T revolutionized industrial manufacturing. This 3-part learning unit provides students with the story of Henry Ford and the Model T from an economics perspective....

This lesson encourages students to explain the consequences of a non-market rationing process, to evaluate the consequences of restricting organ transplants to U.S. citizens, and to suggest alternative policies to reduce the scarcity of...

This lesson plan reviews how the government spends money. It shows how the government's needs have changed over the years. To learn more about this area of economics use this informative website.

Students will visit "A Citizen's Guide to the Federal Budget" and use the federal government website to obtain information which will help them understand basic information about the budget of the United States Government for the current...

In this lesson, young scholars will learn about the basic components and terminology of individual health insurance. Students will make decisions about the value of insurance protection and you will identify trends in the cost of medical...

In the first part of the lesson, students examine the incentives and opportunity costs of spending and saving in a teacher directed lesson. The remainder of the lesson is an interactive website. Students work through problems that...

Help Carlos determine his financing options for college based on his current level of investment and the financial packages offered by several different schools. Evaluate these options, and then recommend which path Carlos should take to...

This site is extremely informative for teaching children the value of saving money. "You will write a persuasive letter telling why people use savings bonds as a way to save their money."

During the week of September 20, 1998, the US Senate agreed to debate a bill (S 1301), intended to make it more difficult for people of means to use bankruptcy to walk away from debt. Those who could pay at least 20 percent of their...

"The verdict is in: California's experiment with energy deregulation is not just a mess; it's a certifiable failure, according to everyone from the state governor to the very utilities that initially backed the scheme." This is how...

Students will understand that incentives are used to encourage them to make good choices. After identifying incentives offered at home and in school, the students will distinguish between positive and negative incentives.

Students will learn how to determine 'price per unit' to help make decisions when comparing products.

There are many ways in which people are rewarded or penalized for doing, or not doing, their work. These are known as incentives.

Find out more about the concept of incentives in our economy through this lesson plan. "You will identify incentives used at home and school."

Through the use of folk tales, history, and the students' own experiences, students will recognize the inter-relatedness of goods, services, money. They will locate information about barter as a means of trade, use folk tales as an...

The level of output in an economy can be increased through specialization. Economic specialization occurs when people produce different goods and services than they consume. It requires people to exchange goods and services.

Find out what the definition of a cost and a benefit is in terms of the economy when using this site. "When making a decision, students should consider the costs and the benefits of that decision."