Federal Reserve Bank
Measuring the Great Depression
Young historians examine the cost of goods and services through the Consumer Price Index (CPI), output measured by Gross Domestic Product (GDP), and unemployment measured by the unemployment rate to gain an understanding of the economic...
Curated OER
Resources
Students watch a video in which they tour a factory. While viewing the video, they take notes on the types of resources they see and group them according to natural, human or capital resources. They discover the difference between...
Curated OER
Community Helpers Wheel
Students 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.
Curated OER
A Day Without Agriculture
Second graders define and create a list of agricultural products. In this producers and consumers lesson, 2nd graders participate in a contest to find as many types of agriculture as they can. The student who comes up with the best...
Curated OER
First Grade Economics Unit
First graders begin by studying the differences between a "good" and a "service". They compare items to each other to help comprehend the differences. They also look into the differences between buyers and sellers and how the choices...
Curated OER
Providing a Helping Hand
Students examine the concept of philanthropy. In this service learning lesson, students create charts that display how corporate sponsorships benefit communities.
Curated OER
Price
First graders complete worksheets on producers and consumers and the total price of a group of items. In this price lesson plan, 1st graders read the book A Dollar for Penny in order to understand price, producers, and consumers, and...
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Economic Community
Fourth graders assume different jobs of a community and understand the terms goods, services, producer, and consumer. In this community lesson plan, 4th graders answer short answer questions to show their knowledge of the terms.
Curated OER
Taxi: A Book Of City Words
First graders engage in a literature study that helps them to focus on the concepts of goods and services. They describe the various skills people may need at home, school, and work. Students create a map of businesses found in the city.
Curated OER
The Goat in the Rug
Students identify producers, resources and goods. In this economics lesson, students read the book The Goat in the Rug and define producers, resources, and intermediate goods. Students construct a rug which depicts the story of rug...
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Why Does Money Have Value?
Learners study money and its value and usage in the world today. For this economic lesson, students research money as they learn what it stands for, why it is important, how it is valued and what it represents in the United States.
Council for Economic Education
I'll Trade You a Bag of Chips, Two Cookies, and $60,000 for Your Tuna Fish Sandwich
If you are looking for a great lesson on supply, demand, market price, demand curves, and data analysis look no further. With glossary definitions, activities, and web lined resources this lesson is a winner.
Curated OER
Producer to Consumer Fun
Students research about producers and consumers. They examine how products become available to consumers and participate in one of the activities listed such as: tour a farm or a factory, go on a scavenger hunt at a local store, or have...
Curated OER
Market Simulation
Students explore the role of markets in Asian countries. They bring items from home to barter with to simulate markets. They discuss the advantages and problems of exchanging and how price is determined.
K12 Reader
Import/Export
The reading passage here uses the example of the American colonies to introduce imports and exports. After reading the text, class members respond to five questions, which require pupils to find facts in the text and form opinions about...
Curated OER
Those Golden Jeans
Students review the productives resources used to produce goods and services and explore how decisions are made in a market economy through the interactions of both the buyers and the sellers.
Curated OER
The Colonial Workers Web
Learners explore how workers, both today and in colonial times, worked within their societies to produce specialized goods and services and became interdependent. They explain how people became less self sufficient in their economic...
Curated OER
Triangular Trade and Its Effects
Students investigate the trade routes and investigate goods and services were transported along each route. Given a primary source document, that represents a personal story related to the triangle trade, they discuss given questions.
Curated OER
Getting to Know the Products from Trees
In this tree products lesson, young scholars read the book Tell Me,Tree: All About Trees for Kids, discuss how people make products from wood, define producers and consumers and then go on a treasure hunt for wood products at home and...
Curated OER
Lemonade Stand
Students plan a lemonade stand to compete with another stand and examine their decisions from the consumer and producer's point of view. They discuss the law of supply and demand, plan for their lemonade stand, and write an essay...
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Identifying Natural Resources
Third graders identify natural resources within SE Utah and the Four-Corners regional environment, that provide for community development.
Curated OER
Resources and Trade Flow
Students plan for a service project. In this service lesson, students determine the materials they will need to complete their service project. Students discuss possible trade flows into the United States.
Curated OER
Hmmm-What is Philanthropy?
Young scholars develop an understanding of philanthropy through definition and actions. Students to get to know themselves and their classmates by engaging in activities imbedded in this lesson. They investigate the types of...
Federal Reserve Bank
Messy Bessey's Holidays
Teach your class some fairly complex terms—factors of production, human resources, capital resources, natural resources, and intermediate goods—with a storybook (Messy Bessey's Holidays), plenty of visuals and handouts, and related...