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
Limiting Trade
Read a narrative describing various types of trade restrictions, and then engage in a debate about a new tariff. Critical thinkers will evaluate arguments to determine who benefits and who is hurt by the new tariff. Consider assigning...
Curated OER
Comparative Advantage and Gains from Trade
Using a formula and several economic scenarios, learners answer six problem solving questions and finish a graph. They will use this worksheet to better understand comparative advantage and economic gains made through trade.
Deliberating in a Democracy
Globalization and Fair Trade
Have you ever traded something? How do you know you got a good deal? Scholars use case studies and research to determine the role of globalization in fair trade. Class members examine consumer demand and competition bring to light the...
Curated OER
Production: Specialization and Division of Labor - Grade Three
Learn about the concept of specialization of labor with your class. In this specialization of labor lesson, 3rd graders work in teams to produce a product. They work in either a division of labor or independent production method. They...
Curated OER
Introduction to Fair Trade
Students investigate fair trade practices. In this economics instructional activity, students conduct collaborative research on fair trade practices, the controversies of trade, and the effects of fair trade practices. Students present...
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Why Nations Trade
Young scholars discuss international trade. In this trade lesson, students read about comparative advantage and the benefits of international trade. Young scholars perform a skills test to determine their individual specialization areas...
Curated OER
Why Nations Trade
Students discuss international trade focusing on opportunity cost and the principle of comparative advantage. They engage in a simulation activity based on different countries and their economic benefits.
Curated OER
Why People Trade
Young scholars explore the role of government in the economy market. In this economics instructional activity, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of...
Curated OER
SPORTS Lesson Plan: Trading Cards
After visiting websites about the Special Olympics, your class creates trading cards about people with disabilities and the adaptations that have been made for them in sports.
Curated OER
Why Nations Trade
Students examine how international trade affects a nation's economy. They read and analyze two handouts, research a scenario from the handout, determine the chronological order of the scenarios, and answer questions about a case study.
Curated OER
Why Nations Trade
Students explore the concept of international trade. In this economics instructional activity, students read the 2 provided handouts about international trade and then discuss their content.
Curated OER
Some Ways to Integrate Trade, the "Missing Link" into Ancient History
Ninth graders examine the importance of trade in the Mediterranean Sea. In groups, they create a chart of the items that were most popular in the late Bronze Age and where they originated. To end the lesson plan, they read an article...
Curated OER
Trade in the Ancient Mediterranean
Students begin the lesson by locating cities and other points of interest in the ancient world. In groups, they use the internet to research the types of ships used during this time period and discuss the reasons why trade was used. ...
Curated OER
The Importance of Imports
Students explore world trade by examining items they find at home and listing countries those items came from. Data is displayed on a map and charted according to continent. They discuss how products are transported.
Curated OER
Memorializing September 11, 2001
Students use the Internet to research monuments. They design models of appropriate memorials which would honor the victims of the September 11, 2001 attacks on the World Trade Center in New York. They complete oral presentations that...
Council for Economic Education
Great Civilizations Develop around Rivers
If you lived in prehistoric times, what kinds of choices could your family make to increase their chance of survival? By making similar decisions in a simulation game, participants discover how specialization creates both opportunity and...
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
Production and Trade
Students discuss production and trade. In this business lesson, students read the book Ox-Cart Man and identify the traits of entrepreneurs. Students discuss ways a person can improve their job performance.
Curated OER
African Americans in the Maritime Trades
Learners explore Civil Rights by analyzing U.S. history. In this African American workforce lesson, students discuss the history of African Americans in Baltimore and the need for steady work that formed. Learners define vocabulary terms...
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Ancient Greece
Sixth graders examine the research that archaeologists have done on a Late Bronze Age shipwreck in order to work out the extent of trade in the Eastern Mediterranean during this period, with emphasis on the involvement of the Mycenaeans...
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
Barter and Trade
Students explore the concepts of bartering and trading. In this algebra activity, students barter with each other for different items. They use special cards to designate ownership of an item as they explore the complexity of bartering.
Curated OER
Limiting Trade
Students debate imposing tariffs on imported shoes. In this tariffs instructional activity, the class is divided into two groups: those that oppose a tariff on imported shoes, and those that support it. Groups read about each position,...