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Coursera 1 1.1. Scarcity and Its Implications
This module discusses fundamental problem of scarcity challenges us to think about an allocation mechanism to determine what is produced and who consumes it. It discuss scarcity and allocation mechanisms. In this course,the focus is on...
Council for Economic Education
Econ Ed Link: Hawaiian Economics: From the Mountains to the Sea
Ancient Hawaii was ruled by chiefs, who were responsible for the well-being of their people and for managing the islands' resources. The chiefs divided the islands into land districts shaped like pie slices called Ahupua'a (ah-who-...
Other
Foundation for Teaching Economics: Lesson 2: Opportunity Cost and Incentives
This lesson plan covers the National Content Standard 2: Marginal Decision Making. It provides key terms and concepts around scarcity forces, changing opportunity costs which affect incentives and choices. It includes links to a...
US Department of Agriculture
China's Agricultural Water Policy Reforms [Pdf]
"This report documents the problem of water scarcity in parts of northern China and describes China's agricultural water management policies as well as reforms underway to encourage water conservation." (USDA) (PDF Format)
Khan Academy
Khan Academy: The Production Possibilities Frontier
The Production Possibilities Frontier (PPF) is a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology. The PPF captures the concepts of scarcity, choice, and...
Other
Mcwdn: Needs and Wants Quiz
Answer five questions about needs and wants to test knowledge about this basic economic principle.
Council for Economic Education
Econ Ed Link: Off to Interactive Island
This site is a lesson that teaches learners about scarcity and choice. Students participate in a simulation where they are asked to make choices about what they want to take with them in order to survive.
Council for Economic Education
Econ Ed Link: No Room for a Sneeze
This lesson teaches students about scarcity and standard of living. In the book "No Room for a Sneeze", a folktale retold by Robyn Supraner, a farmer and his wife must deal with scarcity in their home so they turn to the Wiseman for...
Council for Economic Education
Econ Ed Link: The Perfect Pet
Consider the economic concept of scarcity while selecting items to buy at a pet store.
Council for Economic Education
Econ Ed Link: The Mitten
This is a folktale retold by Jan Brett about a little boy whose grandmother knits him a pair of snow-white mittens. While the boy is outside playing, he loses one of the mittens and some animals find it and move thinking that it looks...
Council for Economic Education
Econ Ed Link: Paraffin Alia
All resources are limited. It is this simple fact--scarcity--that forces us to make decisions. When we do make a choice, we pass up some other opportunity. Opportunity cost is defined as the next best alternative not chosen, or the...
Council for Economic Education
Econ Ed Link: No Extra Room on the Mayflower
The students will explore the ideas of scarcity and choices by exploring a virtual model of the Mayflower. They will then pack a virtual suitcase making good choices about what they pack.
Council for Economic Education
Econ Ed Link: Rationalizing Transplants
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...
Council for Economic Education
Econ Ed Link: Production Possibilities Curve
Students will apply the concepts of scarcity, choice, and opportunity costs using a production possibilities curve. Students will interpret points inside and outside the curve. As an extension, students will see the relationship between...
Alabama Learning Exchange
Alex: Writing Roulette: Walmart Sells Everything!!!
As a part of the study of Economics, the students will cooperatively write an essay using terms associated with the basics of economics. In cooperative learning groups of four students will use a word list and prior knowledge to...
Council for Economic Education
Econ Ed Link: Booker T. Washington:"fifty Cents and a Dream"
Young Booker T. Washington had a dream. That dream was to use the resources at his disposal to earn the money necessary to get an education that would allow him and others to become financially secure. This lesson based on the picture...
Council for Economic Education
Econ Ed Link: There Is Something in the Water
The United States is losing 60,000 acres of wetlands each year. Is this good or bad? Does anyone really want to live in swamps, fens, bogs, and marshes? Or is it better economics to drain the wetlands for other purposes like agricultural...
Council for Economic Education
Econ Ed Link: Deregulation and the California Utilities
"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...
Council for Economic Education
Econ Ed Link: The Right Job for the Tortoise and the Hare
This entertaining lesson teaches your primary students about the value of specialized labor within a community, via The Tortoise and The Hare. This classic story also reinforces character education values of respect and friendship....
Geographypods
Geographypods:freshwater: Issues and Conflicts: Competing Demands for Freshwater
This learning module examines conflicting demands for fresh water around the world. It looks at the water resources that are available, water scarcity, and local and international conflicts over water. Specific cases are explored,...
Khan Academy
Khan Academy: Lesson Summary: The Production Possibilities Frontier
Production Possibilities Curve (PPC) also called a Production Possibilities Frontier)is a graphical model that represents all of the different combinations of two goods that can be produced; the PPC captures scarcity of resources and...
Khan Academy
Khan Academy: Lesson Summary: Introduction to Macroeconomics
This article summarizes the learning objectives and essential knowledge for the lesson on Scarcity. Here you will find key terms, key concepts, common misperceptions, and discussion questions to help you review what you have learned....
Council for Economic Education
Econ Ed Link: Ncee: Tapped Dry: How Do You Solve a Water Shortage?
Water is a limited and sometimes scarce resource. What do you do when the supply is limited?
Federal Reserve Bank
Federal Reserve Bank of St. Louis: Monster Musical Chairs [Pdf]
A lesson based on the book, Monster Musical Chairs, by Stuart J. Murphy. Students learn, through a game of musical chairs, that any supply of goods is limited and not everyone's wants will necessarily be met.