Curated OER
Economic Reasoning: Why Are We A Nation Of Couch Potatoes?
Students examine the visual aids of this lesson to study the costs and benefits of decisions about diet and exercise. They investigate human choice as it affects behavior and in turns effects economics and consequences.
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...
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Choice, Opportunity, Cost and Decisions
Students 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.
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Why do Countries Trade?
Students explore trading among countries. They participate in a trading simulation designed to illustrate a complex marketplace in which goods and services are traded.Pupils use this experience to investigate the conditions that...
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Fur Trade Economics
Students demonstrate understanding of what the fur trade was and how it was operated, including the bartering process, by participating in a mock trade activity and assessing the value of items based on their needs and wants.
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Can't You Make Them Behave, King George?
Fifth graders describe the changes in King George III's policy toward the American colonies by sequencing key events between the French and Indian War and the American Revolution. They explain the colonial reactions to command decisions...
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Credit: Buy Now & Pay Later
Students examine credit and how it works. For this financial literacy lesson, students review the pros and cons of credit in order to purchase goods and services by answering provided questions and working within a group to come up with...
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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...
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Clothes from Grain: A Miracle or a Problem?
Young scholars read fables about entrepreneurs who buy grain and turn it into clothing, or resell the grain and use the proceeds to import clothing. They use the fables to determine why people trade, and to analyze costs and benefits of...
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Trade Gives Us Access to Things We Wouldn't Otherwise Have
Learners work together in groups to research an item related to trade. They decide on an item that they use and determine where it comes from. They track the sources and consumers on a map.
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Lesson Plan on Why Nations Trade
Twelfth graders examine the difference between imports and exports and the types of decisions made by governments when it comes to trading. They identify the key players and characteristics of international trade. They also discuss...
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Trade Allows Us To Buy Products at Reasonable Prices
Students discover that trade allows us to buy products at reasonable prices. They research information based on the group they belong to. They participate in a debate based on the different positions.
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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.
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Basic Trading
Students review the basic ideas of exchange. In groups, they discover the incentives for trade and participate in a simulation. They are given a packet of stamps which are worth varying monetary amounts. They discover the concepts of...
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M&M Interesting
Students examine the concepts of trade-offs and opportunity cost to decide between savings accounts with simple interest and those with compound interest. They calculate interest earned on account balances while working in groups and...
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The Soviet Choice For Growth
High schoolers examine five major events in Soviet History to introduce the concept of opportunity cost. They identify considered alternatives at the time of decision and examine benefits and cost. They apply these ideas to a typical...
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Trade -- Lesson Plan on the Theory of Comparative Advantage
Twelfth graders examine the theory of comparative advantage. They read an article about globalization and trading to answer questions promoted by the teacher. They develop their own examples of comparative advantage.
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Who Benefits From Trade?
Students work together in groups to determine the benefits of a product. They discuss how their product relates to statements given to them by their teacher. They present their findings to the class.
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"Tarantula Shoes," by Tom Birdseye
Students 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.
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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.
Global Oneness Project
Highways and Change
What is the cost of change? Roberto Guerra's photo essay "La Carretera: Life and Change Along Peru's Interoceanic Highway" asks viewers to consider the impacts of the 1,600 mile-long highway through Peru and Brazil that connects Pacific...
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Demanding Celebs: Business Studies
Celebrities and economics? Business or economics classes discuss how different celebrities' stocks have been affected by supply and demand. They track the news to identify factors that impact value, discuss and justify their choice of...
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12 Days of Christmas
Young scholars utilize different problem-solving strategies and creative writing when dealing with the words from the song, "12 Days of Christmas." They try to problem solve how may presents were given and then explain their sequence in...
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Investment
Explore the effects of foreign investment on the world economy. Learners read the noted articles about foreign direct investment and foreign portfolio investment. Then participate in classroom simulation that requires them to determine...