Lesson Plan
Council for Economic Education

Econ Ed Link: Country Mouse Makes a Decision! (Student Version)

For Teachers Pre-K - 1st
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.
Lesson Plan
Other

The Energy Game: Finding Energy Resources [Pdf]

For Teachers 3rd - 8th
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...
Article
Library of Economics and Liberty

Library of Economics and Liberty: Comparative Advantage

For Students 9th - 10th
This article provides a thorough examination of comparative advantage, absolute advantage, and opportunity cost, and how these three terms are related.
Lesson Plan
Council for Economic Education

Econ Ed Link: Timing Is Everything

For Teachers 9th - 10th
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...
Lesson Plan
Council for Economic Education

Econ Ed Link: Production Possibilities Curve

For Teachers 9th - 10th
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...
Lesson Plan
Council for Economic Education

Econ Ed Link: The Economics of Homebuying

For Teachers 9th - 10th
This lesson analyzes the costs and benefits of homeownership and asks the student to describe the factors that affect affordability, use cost-benefit analysis and knowledge of home-buying procedures to reduce the costs, analyze the...
Lesson Plan
Federal Reserve Bank

Federal Reserve Bank of St. Louis: The Pickle Patch Bathtub [Pdf]

For Teachers 3rd - 5th
A lesson based on The Pickle Patch Bathtub by Frances Kennedy, where students learn about making choices in how to spend money, and how to set goals and develop a savings plan.
Lesson Plan
University of Nebraska Omaha

Ec Ed Web: M&m Interesting [Pdf]

For Teachers 6th - 8th
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...
Lesson Plan
Council for Economic Education

Econ Ed Link: Vincent Van Gogh's Flower Beds in Holland

For Teachers Pre-K - 1st
A simple lesson plan on the concept of opportunity costs or sacrifices. A short quiz on this concept is also provided.
Lesson Plan
Council for Economic Education

Econ Ed Link: You're Going to College

For Students 9th - 10th
Interactive game gives students the chance to learn about costs and benefits, the cost of college, and potential lifetime earnings.
Lesson Plan
Other

The Mint: Scarcity, Choice, and Decisions

For Teachers 9th - 10th
This is a group activity lesson that provides students with the opportunity to incorporate decision making, scarcity, and choice in planning a prom.
Lesson Plan
Other

Michigan Department of Agriculture: Risks vs Benefits in Food Production [Pdf]

For Teachers 4th - 6th
Michigan Department of Agriculture provides this site that teaches students about the risks and benefits involved with food production. Includes a detailed lesson plan along with a list of terms and definitions. Gives great background...
Lesson Plan
Council for Economic Education

Econ Ed Link: Break a Leg

For Teachers 9th - 10th
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...
Lesson Plan
Council for Economic Education

Econ Ed Link: Classroom Cash Incentive Plan

For Teachers 9th - 10th
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."
Lesson Plan
Council for Economic Education

Econ Ed Link: Clipping Coupons

For Teachers 3rd - 5th
Explore this website to find out how and why consumers make choices on what products to buy. Learn how producers entice consumers into buying their products. This is a very informative lesson plan.
Lesson Plan
Council for Economic Education

Econ Ed Link: Sand Art Brownies

For Teachers 6th - 8th
In this lesson, you will learn about substitute goods. You will have choices to make in your role as a shopper. In making these choices, you will decide whether you are willing to accept one good as a substitute for another or not. Are...
Lesson Plan
Council for Economic Education

Econ Ed Link: Deregulation and the California Utilities

For Teachers 9th - 10th
"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...
Lesson Plan
Council for Economic Education

Econ Ed Link: Incentives Influence Us

For Teachers 3rd - 5th
Find out more about the concept of incentives in our economy through this lesson plan. "You will identify incentives used at home and school."
Lesson Plan
University of Nebraska Omaha

Ec Ed Web: Give and Take

For Teachers 6th - 8th
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.
Website
Other

The Institute for College Access & Success: College in Site

For Students 9th - 10th
CollegeInSite provides data on college affordability, diversity and student success and makes it easy to find, compare and analyze data on a college. This resource also provides the opportunity to build a table with any combination of...
Unit Plan
Georgia Department of Education

Ga Virtual Learning: Economics: International Economics: Trade and Currency

For Students 9th - 10th
Economics learning module on international trade and currency. Unit includes multi-media resources, assignments, projects and tests.
Unit Plan
Sophia Learning

Sophia: The Production Possibilities Frontier

For Students 9th - 10th
Through a series of videos and notes, lesson gives students a better understanding of the production possibilities curve and how it applies to economics.
Interactive
Other

Federal Reserve Bank of Boston: The Economics of Pro Team Sports

For Students 9th - 10th
Great interactive baseball game that combines your knowledge of economics and pro sports trivia. After completing the nine innings, you should have a better understanding of how economics is used in everyday life.
Graphic
Curated OER

The Production Possibilities Frontier

For Students 9th - 10th
This site shows an good example of opportunity costs along with related production possibilities curves.

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