Table of Contents
- Front Material
This document contains the table of contents, introduction and other related material.
- Lesson 1 - The Path Not Taken
Students create a decision/opportunity cost flowchart for Madam C. J. Walker.
- Lesson 2 - Give and Take
After reading about a problem, students identify alternative solutions, trade-offs make in choosing each alternative, and the opportunity cost of selecting each option. Students describe trade-offs and create a graphic to represent alternatives and trade-offs.
- Lesson 3 - To Market, Which Market?
In this lesson, students consider how markets gave changed throughout history, describe the markets where they exchange goods and services, and predict new markets that may develop.
- Lesson 4 - How Many Will You Buy?
In this lesson students participate in an activity to establish a demand schedule for a product. They discuss the relationship between price and quantity, graph demand, and conduct a market survey.
- Lesson 5 - Demand Shifters
This lesson gives students the opportunity to study the nonprice determinants of demand and their effect on the demand for products.
- Lesson 6 - Inflation
In this lesson, students participate in two auction rounds to learn about inflation.
- Lesson 7 - The T-riffic T's Company: Production Decisions
Students help the managers of a T-shirt company make business decisions about the production process. They analyze the costs and benefits of investing in new capital equipment in order to increase productivity.
- Lesson 8 - How Many Should We Sell?
Students learn to predict the impact on supply of nonprice determinants and to differentiate between changes in supply and changes in quantity supplied.
- Lesson 9 - The Profit Puzzle
Students help Pierre determine which items to continue to sell in his bakery, based on identifying the most profitable items. The concepts are reinforced as students make similar decisions for opening a school snack bar.
- Lesson 10 - Where Does the Money Go?
Students look at the categories of federal spending, discuss them, and calculate the percentage of spending in each category.
- Lesson 11 - Where Does the Money Come From?
Students look at the categories of federal taxation, discuss them, and calculate the percentage of total taxes collected in each category.
- Lesson 12 - What Does the Nation Consume?
Students look at their consumption of goods and services in a day. Then, they consider household spending for the nation as a portion of Gross Domestic Product.
- Lesson 13 - An Island Economy
Students participate in a "readers' theater" play too learn about gross domestic product.
- Lesson 14 - No Free Lunch
Students use a decision tree to analyze a budget problem at a public school
- Lesson 15 - Savers And Borrowers
In this lesson, students encounter difficulties in lending and borrowing. They identify financial institutions as effective intermediaries in this process. In closure they discuss the role credit can have on the growth of a community.
- Lesson 16 - Frontier Specialists
Using a simulation about frontier families, this lesson helps students gain a understanding of the benefits of specialization and how comparative advantage forms the basis for exchange in a market economy.
- Lesson 17 - Don't Fence Me Out! (Barriers To Trade)
Students explore the impact of various barriers to trade and determine who gains and who loses when trade barriers are imposed.
- Concluding Lesson & Glossary
This document contains a concluding lesson and glossary of terms from the publication.