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Cost and Revenues
Learners develop the key concepts of total, variable, fixed, average and marginal costs. The theory of using different business scenarios is applied to different situations for an extension to real life application.
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Introduction To Markets - Lesson Plan: 1 X 1 Hour Lesson
Students study the concept of a market. They determine the different purposes of buyers and sellers. They look at the utility of an item and how the value for money affects the decision making of consumers.
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Edwin Perkins: A Nebraska Success Story
Fourth graders explore the life of the inventor of Kool-Aid to unearth concepts of a market economy. Vocabulary presented helps support the learning process.
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Inflation and Money
Students define money in terms of its functions and refer back to discussion of markets and the role of money in reducing transaction costs. They give examples of types of money.
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Buying a New Car
Students locate and compare the costs and options available of three comparable compact, midsize, or luxury automobiles. They utilize websites and a worksheet imbedded in this plan.
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The Importance of Trade
Students discuss how trade affects the products they use everyday. In groups, they identify the clothes they are wearing, the food they eat most often and the cars their families drive. Using the internet, they research how these goods...
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Simple Everyday Products
Fourth graders investigate the origin of products and how they are manufactured from natural resources. They draw the production cycle and discuss how one could help reduce the number of natural resources that are used. They also...
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The Money Circle
Students investigate the Federal Reserve System. For this Mathematics/Economics lesson, students explore the role of the Federal Reserve in promoting a stable economic environment. In this multi-lesson unit of study, students...
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Water, Water, Everywhere (High School)
Students view different types of water to make the point that salt or polluted water isn't useful for drinking water. They chart causes, consequences and solutions to water scarcity based on internet research. They write an essay as...
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Source Search
Fifth graders discover how agriculture affects our daily lives. In this agriculture lesson plan, 5th graders investigate different products that originate from agriculture. Resources are provided.
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What does AG have to do with me?
Young scholars practice alphabetizing while categorizing sources of basic agricultural products. They discuss agricultrual products, discover where they are grown and draw a simple agricultural scene on poster board.
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The Ancient Mediterranean: Trade, Contact, and Cultural Diffusion
Ninth graders begin the activity by being introduced to the basic terms of economics. In groups, they discover how they are affected by trade because of the clothes they wear and foods they eat. Using primary sources, they examine the...
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Economics: Who Benefits from Competition?
Students examine competitive markets and complete a simulation called "The More. the Merrier." In the simulation they assess how goods are more available when competition increases. Students investigate how competition and the opening of...
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Consumer Culture in the 1950s: New Shopping Centers and Advertising trends
Eleventh graders analyze the cultural and social aspects of the 1950s. Using primary source documents, they work together to determine what society was like. They use that information to write an essay about how their information...
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Economics Using SimCity 2000
Fifth graders build a city and balance a budget for the population.
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Community Helpers Wheel
Young scholars play a game to reinforce the understanding that some community helpers are producers of goods, and some provide a service. Students identify community helpers and their jobs.
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The Economics of Valentine's Day
High schoolers develop an understanding of the determinants of supply and demand. They use this understanding to explain changes in how supply and demand affect the price and the quantity exchanged of roses.
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Prohibition Then; MADD Today
Middle schoolers examine consumer traits. For this economics lesson, students examine the separate histories of Prohibition and Mothers Against Drunk Driving. Middle schoolers participate in a classroom simulation to discover how the...
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Hey, Mom! What's for Breakfast?
Young scholars examine how he world eats breakfast. In this food choices lesson, students work in groups to list breakfast foods and their ingredients and find goods and consumers on the list. The, young scholars use the Internet to...
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CHAIN OF EVENTS
Young scholars, exercising knowledge, reasoning and communication complete a chart that is well-organized and well-detailed. They assess the Economic concepts of supply and demand and how that relates to production and sales. In...
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Current Events and Prices
Students read a recent article about the likelihood of a decrease or increase in prices of a specific consumer good. Using the Internet, they examine current events and make predictions about their effect on the economy. They write an...
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Counting Change and Changing Coins
Second graders demonstrate how to count change. In this consumer math lesson, 2nd graders read the book The Penny Pot and identify the value of coins. Students complete a worksheet to practice counting coins.
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Materials, Let's Do the Life Cycle
Students examine environmental and social impacts of products that consumers buy. In this environmental stewardship lesson, students play a game that requires them to consider real costs of products. Students consider the environmental...
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Consumerism Scavenger Hunt
Students explore consumerism. In this economics lesson, students work with a partner to complete an Internet Research consumer scavenger hunt. Students discuss information collected and conflicting answers to various questions.