Students explore bartering. For this bartering lesson, students study everyday life in the Jamestown colony. Students discover how bartering was used as a way to acquire necessary supplies.

Students explore the concept of company expansion. In this company expansion lesson, students read an article about FedEx and how it was able to expand. Students discuss how FedEx was able to expand. Students discuss reasons a product...

Students hear a folk tale and participate in a simulation that helps them recognize problems with barter and benefits of monetary exchange.

Students discuss philanthropy. For this fair trade lesson, students discover the meaning of fair trade. They are given the definition and work in small groups to read further on the topic and answer questions. This lesson includes...

Learners examine how exchange is trading goods and services with people for other goods and services or money. They examine how people voluntarily exchange goods and services because they expect to be better off after the exchange.

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.

Learners discuss international trade. For this trade lesson, students read about comparative advantage and the benefits of international trade. Learners perform a skills test to determine their individual specialization areas and write...

Students explore the fur trade between the settlers and Native Americans. Through class discussion, students explain and give examples of how the fur trade worked. In groups, they simulate the fur trade using materials provided by the...

Students analyze a scheduling dilemma. In this opportunity cost and trade-offs lesson, students must schedule the school gym for basketball games, but there are not enough hours for all the games. Groups determine how time will be...

Fourth graders examine the fur trade of the 1700's. In this explorers lesson, 4th graders discuss how the French explorers traded items with the Native Americans for fur. They look at the explorer La Salle and how he influenced the fur...

The topic of consumerism seems easy to those who participate actively in the US economy, but pupils who are new to economics may see the idea as foreign. Help them understand their rights as consumers and what to expect when interacting...

High schoolers see how to define trade surplus and trade deficit, become acquainted with important U.S. trading partners and concerns of different interest groups.

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.

First graders explore economics by participating in a group activity. In this commerce lesson, 1st graders conduct a role-playing activity in which they utilize goods and services to re-enact a general store's daily business. Students...

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.

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.

Why do so many countries export cars? Economists examine this and other foreign economics principles through this introductory worksheet. A brief text explains international trade, then lists the top 11 leaders in global trade, along...

A critical discussion regarding the nature of Shinique Smith's second-hand clothing art is the foundation for the lesson. Critical thinkers fully analyze the meaning behind her work, taking close consideration of where the clothing came...

Students take a virtual trip down the Silk Road. Using a map, they trace the location of the trade route and others that were developed later. They use different spices and goods to trace how they came to the Americas. They answer...

What does stew have to do with bartering? Learners will find out how by reading the story Saturday Sancocho, discussing the text, participating in a bartering activity in class (once with goods only and once with money), and...

Fifth graders develop a common currency. In this colonial currency lesson, 5th graders exchange beads, rice, coins, and paper bills for goods and services. Students explore web tools to research ways colonists used money, even if it was...

While not an exhaustive review of globalization and trade, this overview of the inter-related nature of the economy would be a good tool to use in the classroom. This resource could be used to begin a discussion on the various topics...

Learn about the concept of specialization of labor with your class. In this specialization of labor lesson plan, 3rd graders work in teams to produce a product. They work in either a division of labor or independent production method....

Students study exchange and how it has different forms. In this money management lesson, students are able to learn how goods and services work by completing worksheets, activities, essay questions and assessments provided.