Carolina K-12
Sample Test: Economics
From scarcity and marginal benefits and costs to economic systems and GDP, this 22-question multiple choice test covers some of the most fundamental concepts of economics.
Carolina K-12
Practice Test of Economics
From scarcity and supply and demand to entrepreneurship and the stock market, here you'll find a multiple-choice assessment that includes 34 questions covering all the major concepts of a traditional economics course.
Council for Economic Education
Teaching Economics Using Children's Literature
Introduce young learners to the subject of economics using their favorite stories and books. Including 24 separate lessons, this guide covers economic principles such as trade, scarcity, consumer goods and services, renewable and...
Curated OER
Scarcity and Choice
After reading the book A Bargain for Frances, young economists discuss how money is exchanged for goods or services. They demonstrate effective financial decision-making by listing ways to save money for a product they would like to buy.
Illustrative Mathematics
Field Day Scarcity
Introduce young mathematicians to concepts of financial literacy with this open-ended word problem. With seven dollars to spend during field day and given a list of available items and their prices, children must determine how they want...
Curated OER
Scarcity and Choice: Mercantilism - the relationships between England, Africa, and the Americas
Students trace the meaning and importance of mercantilism; past and present.
Curated OER
Rachel's Life is in a Hole
Explore how lack of access to water impacts peoples' lives in poor countries. Through text reading and discussion, middle schoolers are presented with the story of a young girl who lives and functions with limited water resources. They...
Curated OER
Chapter 1: The Nature and Method of Economics
If the extent of your class' economic knowledge is the five-dollar bill they spent on lunch, then this presentation will be a good introduction to economics. From the basics of policy economics versus theoretical economics, to the...
Curated OER
Popcorn Economics
Young scholars examine the concept of scarcity. For this economics lesson, students define scarcity and take part in an activity that illustrates the concept as it relates to goods and services.
Curated OER
Choice, Opportunity, Cost and Decisions
Pupils discuss the definition of scarcity and tradeoffs, and the differences between choice and cost. They create budgets and must provide tradeoffs for some of their choices.
Curated OER
Economics Unit I - The Basics
Twelfth graders access how scarcity requires individuals and institutions to make choices about how to use available resources. They explore the characteristics of different economic systems and institutions. Student are able to describe...
Curated OER
Introduction to Economics
Students discover the basic economic problem: scarcity; examine how "there is no such thing as a free lunch" (opportunity costs); and define economics. They act out a play demonstrating basic economic principles.
Curated OER
The Mitten
Students read the book, The Mitten and make a list of animals that moved into the mitten. For this literature lesson, students discuss why we like to have nice, warm places to live, and what happens when there isn't enough space for...
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
If the World Were a Village
Students examine the conditions of the global economy. As a class, they discuss the political, economic and cultural differences around the world. They review the concepts of distribution and scarcity and identify the costs and...
Carolina K-12
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in producing a car and using that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources, and...
Curated OER
Economics: The Scarcity Principle
Learners discover how scarcity leads to economic choices. They examine its effect on individuals, business, and governments. Students simulate various scenarios to determine the role scarcity plays in each.
Curated OER
Scarcity and Choice
Young scholars participate in a role play as producers of two goods, allowing students to experience scarcity. They make choices about using their scarce resource to produce both or one of two goods. Then they construct...
Curated OER
Scarcity and Choices
First graders gain an understanding of the scarcity of resources and how it affects the choices that we make in our everyday lives. Students will participate in a variety of activities such as literature analysis, shopping, journal...
Curated OER
Social Studies Integrated with Writing Lesson Plan
First graders access prior knowledge about goods and pricing. In this scarcity activity, 1st graders understand the meaning of scarcity and how it effects people. Students prepare for a boat trip and choose three things to bring with...
Curated OER
Whose Water is It?
Students study water quality and water quantity issues in their community. They will examine state water laws, learn about current issues relating to water use and water scarcity in their region and the state, investigate and role play...
Curated OER
Make a Choice
Students investigate the Underground Railroad to determine the choices that people made. To help, to stay, to do nothing, to break the law to enforce the law, to feed runaways are some of the choices that made a difference. This...
Curated OER
Scarcity of Land Throughout the World and in Hawaii
High schoolers discuss the importance of "land." They review the four types of land classification--urban, rural, agricultural and conservation--and participate in an activity involving an apple that demonstrates the use of land in...
Curated OER
Economics Study Guide
Use this resource as a basic review of economic principles. There are six questions relating to the factors of production, opportunity costs, wants and needs, tangibles and intangibles, and more.
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