Federal Reserve Bank
The Legacy of the Olympics: Economic Burden or Boon?
Do the economic benefits of major sporting events such as the Olympics or the World Cup outweigh the expected costs? Using fundamental economic terms, discover the explicit and implicit costs and benefits for countries that host these...
Curated OER
Globalization: Threat or Opportunity for the U.S. Economy?
Young scholars study the pros and cons of globalization. They highlight the economic concepts of comparative advantage, specialization, and opportunity cost. They read and discuss the "FRBSF Economic Letter: Globalization: Threat or...
Council for Economic Education
Specialization and the Decathlon
Michael Phelps, the economist? Scholars research the economic advantages of specializing in one kind of service, and how it relates to athletes doing the same in their respective sports. They evaluate absolute advantage, production, and...
Curated OER
Give and Take
Young scholars analyze a scheduling dilemma. In this opportunity cost and trade-offs lesson, students must schedule the school gym for basketball games, but there are not enough hours for all the games. Groups determine how time will be...
Curated OER
Specialization and Voluntary Exchange
Studnets participate in a trading simulation game in which they experience the effects of trade and how trade can increase wealth.
Curated OER
TECH: The Trading Game
Property ownership, restricted trade, and free trade are the topics of this game. Kids play a trade game to better understand the interrelationship between technology, economics, and personal choices. Rules to the game and a series of...
Curated OER
Frozen Price Game
Students participate in an economics game which demonstrates the advantages of price allocation over other methods.
Federal Reserve Bank
On the Court with... Michael Jordan
Pupils learn foundational economic concepts and consider the importance of decision-making, how to evaluate choices and alternatives, and the benefits of consistent training and practice by learning about the early life of Michael Jordan.
Curated OER
Life is Starting to Change
Students investigate the tough economic times by discussing supply and demand. In this economics instructional activity, students read a news article and identify specific examples of the oil crisis that has touched their lives....
Curated OER
The Game of Business
High schoolers practice the economic concepts of scarcity and opportunity cost. They imagine creating their own businesses and brainstorm what they need to know in order to determine when the business is profitable.
Curated OER
Game Theory
Students examine the history of the game theory. They practice using new vocabulary. They write about the debate on exchange using different viewpoints.
Curated OER
"Tarantula Shoes," by Tom Birdseye
Learners read a book and explore spending, saving, opportunity cost, and trade-offs. They keep a diary of expenses to track their spending and examine their opportunity costs.
Curated OER
Dumptown, USA: Making a Ton of Difference
Middle schoolers investigate the recycling system in the United States by participating in an online activity. In this environmental care lesson, students research what makes up our trash output in this country and where it goes....
Curated OER
The Entrepreneur's Game
Twelfth graders explore the basic principles of the US free enterprise system. They examine the basic principles of the US free enterprise system including profit motive, voluntary exchange, private property rights, and competition.
Curated OER
Axis and Allies World War II Simulation
Young scholars investigate World War II through the computer game Axis and Allies. They discuss the basics of World War II before playing the game, spend eight weeks playing the game that is a simulation of World War II, and write a...
Curated OER
Eating Away from Home
Students consider the implications of eating out. In this family budgeting lesson, students determine how to make better meal-budgeting choices as they play a game called "Let's Eat Out".
Curated OER
How to be the Host with the Most
Young scholars discover details about the Olympic bidding process. For this current events lesson, students research the listed Web sites that include information about London's bid for the 2012 Olympic Games.
Curated OER
Corporate Social Responsibility: Illusion or Reality?
Students explore and debate the advantages and disadvantages of corporate social responsibility versus increased government regulation. They create a board game to give an employee an opportunity to rise to the top of a large company.
Curated OER
Group Advertising Project Using iMovie
Students, while working in groups, pick a product or service from one company to invest in for the Newsday Stock Market Game. They develop an advertisement for the product or service utilizing the iMovie program on the computers.
Curated OER
Baltimoreans in the California Gold Rush
Eleventh graders explore the reasons for migration to California during the Gold Rush. In this American History lesson, 11th graders read letters about the opportunities and obstacles people faced. Students create a map of migration...
Curated OER
Jesse's Ice Cream Stand
Students discover ways to earn money through business. They explain how to calculate profit using an income statement and evaluate the best price to scoop size combination for profit. They discuss business opportunities for teens.
Curated OER
Trade Happens Between People
Students work together in groups to participate in a trading game. They are allowed to trade with different people in each round. They discover free and restricted trade.
Council for Economic Education
Sand Art Brownies
Which is better, Coke or Pepsi? Pupils analyze the concept of substitute goods as they investigate the choice to purchase alternate products for better prices. Fun and practical, the engaging shopping exercise helps savvy scholars get...
Curated OER
Markets
Students examine the different types of economic markets. They identify rewards and penalties for different types of behaviors in different markets. They also examine the role of supply and demand.