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...

The students will explore the costs and the benefits of going to college. They participate in a three-part game designed to help them understand the decisions associated with attending college and the benefits available to college...

Lesson that helps student understand the decision-making process and introduces the concept of cost. Students listen to a story and take a short quiz. Includes links to the story and the quiz.

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...

In World War II pennies were made of steel and zinc instead of copper and women were working at jobs that men had always been hired to do. Why? Because during war times, scarcity forces many things to change!

This site from the University of Omaha provides a lesson plan indicated for 6-8th grades. "During this lesson, middle schoolers use the economic concepts of trade-offs and opportunity costs to decide between savings accounts with simple...

Use this site to teach your primary students how to identify the costs and benefits of making a decision. Animated link to the story, Country Mouse Makes a Decision, makes this an entertaining and educational economics lesson.

This energy classroom game focuses on energy sources. Students learn that energy, the environment, and economics are closely tied. During the course of the game students discover the concepts of scarcity, opportunity cost, net energy...

A simple lesson plan on the concept of opportunity costs or sacrifices. A short quiz on this concept is also provided.

Learn more about the economy through this informative lesson. "In this lesson, you will learn how the incentive program affects the personal choices you make in class. You will also analyze how economic incentives can affect behavior."

This lesson plan ask students to calculate the percentage change in military strength over the last two decades, hypothesize economic (and non-economic) explanations for these changes, test hypothetical explanations by reading an...

"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...

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...

Consider the economic concept of scarcity while selecting items to buy at a pet store.

Use this informative economics lesson plan. Find out how to save your money. "You will read about safe places for keeping money; you also will learn about places where money can earn money."

Through a series of videos and notes, lesson gives students a better understanding of the production possibilities curve and how it applies to economics.

This lesson teaches students about opportunity cost through some steps of buying a house. It also shows students how advertising affects consumer decision-making.

Students learn to make choices and look at alternative choices in this activity from the American Forum for Global Education. Communication tools and technological change are the topic of study. This is a great opportunity for teachers...

A lesson plan from the University of Nebraska for Middle School students about choice, opportunity cost, and trade-offs. Indicates standards, materials, objectives and is differentiated for one grade below and above grade-level students.

This lesson ask students to calculate the percentage change in military strength over the last two decades, hypothesize economic (and non-economic) explanations for these changes, test hypothetical explanations by reading an economic...

Interactive game gives students the chance to learn about costs and benefits, the cost of college, and potential lifetime earnings.

In Part II of this lesson, students will have the opportunity to complete an interactive exercise that will take them on a historical tour of the stock market from 1920 until just after WWII. Students will learn the difference between a...

This lesson focuses on understanding fractions, decimals and percentages as the math skills, and saving money and compounding interest as the economic skills. [PDF]

This site describes how comparative advantage and specialization cause international trade.