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The Economics of Income: The Rich Nations Mystery Why are some countries very wealthy and others so poor? In this lesson you will learn about the factors that contribute to a nation's standard of l... Grade: 9-12    Published: 09/15/2000

Save the Moonflowers Margaret Mee (1909-1988) was a botanical artist who often traveled up the Amazon River alone in search of rare flowers to collect and paint. Even ... Grade: 9-12    Published: 02/11/2000

Traditional Economies and the Inuit The Inuit people of northern Canada provide an example of a traditional economy. For thousands of years, Inuit parents have taught their children the... Grade: 9-12    Published: 01/12/2010

Marketplace: The Argentina Barter Fair In April 2002, Argentina's economic situation seemed to be getting worse and worse. Banks closed for nine days before reopening on April 29, 2002. How... Grade: 6-8 9-12    Published: 12/23/2008

Marketplace: Iraq's Supply and Demand In this lesson, students listen to an audio file about how the growing demand for workers in Iraq in May 2004 affected the job market, and how the eff... Grade: 9-12    Published: 07/30/2008

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Capstone: Exemplary Lessons for High School Economics - Teacher's Guide Grade: 9-12   Published: 2003 5 of the 45 lessons are related to this lesson. They are listed below. Unit 7: Lesson 44 - World Environmental Issues: Is the Market at Fault? Students study for short case studies. They identify similarities and differences across these five case studies. After noting this information, they assess several environmental policy solutions. ... Unit 4: Lesson 21 - Productivity, Diminishing Marginal Returns, and the Demand for Labor Students produce greeting cards with a fixed number of scissors and markers, and a variable number of workers. They discuss factors affecting workers productivity and the law of diminishing marginal ... Unit 5: Lesson 24 - Government and the Environment Students examine and discuss visuals to identify an economic mystery regarding the failure of the Endangered Species Act. They are introduced to the concepts of market failure and government failure.... Unit 3: Lesson 17 - Creating and Using a Budget This lesson focuses on using budgeting to maximize consumer satisfaction. It describes a flexible view of budgets, linking them to markets and market information, and demonstrates how and why budgets... Unit 2: Lesson 11 - Do Prices Matter to Consumers? This lesson demonstrates how people use prices when they weight expected costs and expected benefits in making economic decisions. It helps students see how choosing a second-best good or service can...

Economics in Action: 14 Greatest Hits for Teaching High School Economics Grade: 9-12   Published: 2003 4 of the 14 lessons are related to this lesson. They are listed below. Lesson 9 - The Invention Convention Working in small groups, the students simulate firms creating and producing new products. Using budget guidelines, they must decide which inputs they will purchase. They calculate their costs of produ... Lesson 3 - Using Economic Reasoning To Solve Mysteries Students ponder an economic mystery: Why do professional athletes, many of whom never finish college, earn far higher salaries than people who perform worthy services such as teachers and firefighter... Lesson 2 - Economic Decision Making Students brainstorm ways to allocate a scarce good within the classroom. Then they work with a decision-making model that helps them make a decision about this allocation by showing them how to evalu... Lesson 1 - Why People Trade Students participate in a trading simulation and use this experience to discover the benefits of free trade. In a class discussion, they relate the simulation to concepts of regional versus universal... Lesson 10 - The Circular Flow of Economic Activity In this lesson, the students read about market interactions and participate in a simulation. "Econoland" involves transactions between businesses and households in two kinds of markets: product marke...

Choices & Changes: In Life, School, and Work - Grades 9-10 - Teacher's Resource Manual Grade: 9-10   Published: 2002 5 of the 15 lessons are related to this lesson. They are listed below. Unit 1: Lesson 1 - Making Choices Students are introduced to the nature of choice making by confronting thorny problems individually and in groups. Unit 1: Lesson 2 - Choosing Among Alternatives Benefits and costs are defined and students use benefit/cost analysis to arrive at a group decision. Unit 3: Lesson 13 - My Human Capital: A Job Application Following a study of two realistic dilemmas, students complete a resume and assess their own qualifications for actual jobs. Unit 3: Lesson 14 - A Preferred Future: Images of Potential Students are asked to think about a five-year future and to develop images of potential. Unit 3: Lesson 15 - Planning for Action: A Contract with Myself Students make commitments to themselves by developing action plans after setting goals.

Financial Fitness for Life: Bringing Home the Gold - Grades 9-12 - Teacher Guide Grade: 9-12   Published: 2001 2 of the 22 lessons are related to this lesson. They are listed below. Theme 1: Lesson 2 - The Economic Way of Thinking Lesson 2 introduces students to the economic reasoning process or the "economic way of thinking." Students reason through two situations, using The Handy Dandy Guide, a primer on economic reasoning. Theme 1: Lesson 3 - Decision Making In this lesson, students learn that we must make decisions because resources are limited and wants are unlimited. Students see that sound decision making involves identifying criteria and using those... Theme 4: Lesson 17 - Shopping for an Auto Loan Consumers must shop for credit just as they do for a car or a computer. In this lesson, students learn the skills they need to shop for credit by filling out a credit comparison chart for a hypotheti... Theme 5: Lesson 22 - Managing Risk: The Good News About Insurance As people begin to acquire assets and an income, they begin to think about how to protect what they have from loss. Toward this end, many people buy insurance. This lesson tells how insurance works ... Theme 5: Lesson 21 - Banking Basics This lesson provides an overview of four types of financial institutions. It invites the students to investigate services available from financial institutions in their own community. As an example ...

Focus: High School Economics Grade: 9-12   Published: 2001 1 of the 21 lessons are related to this lesson. It is listed below. Lesson 1: Choice, Opportunity Costs, and Decisions Scarcity, choice, and cost are sometimes referred to as a basic trilogy of economics, because of the strong interrelationships between these fundamental concepts. Resources are limited, compared to w... Lesson 2: Broad Social Goals of an Economic System All economic systems strive to achieve a set of broad social goals, including economic efficiency, equity, freedom, growth, security, and stability. How these goals are prioritized, and how successfu... Lesson 17: Saving, Investing, and the Invisible Hand This lesson explains how financial institutions in a market economy channel savings into economic investments. How much people save and how effectively those savings are transformed into good investm... Lesson 9: Learn More, Earn More Human capital refers to the knowledge, skills, and experience that people bring to the workplace. With education and training, people increase their human capital and improve their productivity, whic... Lesson 16: The Circular Flow(s) The circular flow of economic activity is a simplified model of the basic economic relationships in a market economy. This model gives students an overview of how households, businesses, and the gove...

Mathematics & Economics: Connections for Life - 9-12 Grade: 9-12   Published: 2001 5 of the 15 lessons are related to this lesson. They are listed below. Lesson 12: Autonomics This lesson develops the idea of opportunity cost by examining the costs of owning and operating an automobile. Opportunity cost is the value of the next best alternative when a choice is made. Lesson 7: The Mathematics of Nonlinear Economic Shapes: The Production Possibilities Curve Because the resources (such as raw materials, minerals, energy, labor, equipment, machinery, etc.) that are used to produce goods and services are limited in their availability, we cannot have all tha... Lesson 8: The Mathematics of Nonlinear Economic Shapes: The Cubic Cost Function Careful control of total cost is essential for a firm if it wishes to maximize profits. While many firm managers prefer to concentrate on the more glamorous activity of marketing and selling the compa... Lesson 3: Equilibrium: Determining Prices and Quantities Supply and demand affect the prices people pay and the quantities they exchange in a market economy. Equilibrium is said to occur at the point at which quantity supplied equals quantity demanded. This... Lesson 6: The Mathematics of Linear Economic Shapes: Slopes and Elasticities As was noted in Lessons 1 - 4, a demand curve is used to describe the willingness and ability of buyers to purchase various quantities of goods and services at alternative prices. The visual represent...

Civics and Government: Focus on Economics Grade: 9-12   Published: 1996 6 of the 16 lessons are related to this lesson. The top 5 are listed below. Unit 4: Lesson 16 - How Can Economic Sanctions Be Part of U.S. Foreign Policy? Students examine the data on U.S. imports, exports, and foreign aid, and explore how economic sanctions can be used to attain overall U.S. foreign policy goals. In small groups they do research to de... Unit 3: Lesson 9 - How Are Economic Solutions to Pollution Different from Political Solutions? After students have developed an understanding of externalities, they examine a case study of pollution in Los Angeles and determine a variety of solutions for this problem. The costs and benefits of... Unit 4: Lesson 15 - Why Would Governments Limit International Trade? In preparation for the lesson, students identify imported products which they and their families buy. On the first day of the lesson, the class discusses the benefits of specialization and trade amon... Unit 4: Lesson 14 - Do Economic Forces Lead Immigrants to the United States? Students individually or in groups interview a recent adult immigrant to the United States, identifying his or her reasons for leaving the home nation and the reasons for coming to the U.S. The class ... Unit 3: Lesson 13 - Whose Interest is Being Served? Students learn the difference between general interest and special interest issues. They play the role of U.S. Representatives and, given information about benefits and costs, vote on enactment of go...

Your Credit Counts Challenge: Trainer's Guide Grade: 7-adult   Published: 2004 6 of the 6 lessons are related to this lesson. The top 5 are listed below. Section 3: Managing Credit Participants will identify the advantages and disadvantages of using credit. Participants will recognize what credit is, what it costs, and the basic steps involved in obtaining credit. Participants... Section 1: Income and Choices Participants will understand the importance of spending less than they receive. Participants will understand how competition based on productivity determines the wages and salaries that people receiv... Section 2: Financial Institutions Participants identify the advantages and disadvantages of using financial services from alternative financial institutions and services from mainstream banks. Participants identify the services provi... Section 6: The Basics of a Market Economy Participants will identify the characteristics of people who build wealth. Participants will recognize the primary features of a market economy including voluntary exchange, private ownership, a pric... Section 5: Strategies for Wealth Building Participants will understand the concept of net wealth and how the decisions they make can cause their own net wealth to increase or decrease. Participants will explain why an early start in saving a...

Master Curriculum Guides in Economics: Teaching Strategies - K-2 Grade: K-2   Published: 1993 5 of the 25 lessons are related to this lesson. They are listed below. Unit 2: Lesson 7 - Gifts from Nature Students read a book about a tree, take a walk around the neighborhood, and produce books as they learn about natural resources. Unit 2: Lesson 8 - Producer Charades Students create charades representing services performed in their classroom and later apply for and "hired" to produce these services. Unit 2: Lesson 9 - Learning Center: Producer Pigs Students hear a version of The Three Little Pigs and participate in a learning center which reinforces the concepts of natural, human, and capital resources. Unit 2: Lesson 10 - Bulletin Board: Art Gallery Students combine natural, human, and capital resources to produce "art masterpieces" which they display in a bulletin board gallery. Unit 2: Lesson 6 - Mystery Workers Students play a questioning game as they learn that producers use their human resources by working in jobs to make goods and services.

The Wide World of Trade Grade: 6-8   Published: 2003 2 of the 11 lessons are related to this lesson. They are listed below. Lesson 1: There's Never Enough Working in groups that represent countries, students randomly draw cards from boxes labeled natural resources, human resources, and capital goods. The groups use their available resources to provide ... Lesson 5: Mystery Almanac Working in groups, students participate in an activity to identify countries from around the world. Based on what they learn about these countries, students complete an Information Resources Chart. ...

Choices & Changes: In Life, School, & Work - Grades 5-6 - Teacher's Resource Manual Grade: 5-6   Published: 2001 2 of the 15 lessons are related to this lesson. They are listed below. Unit 1: Lesson 1 - What If I Do Not Have the Skills and Knowledge I Need to Produce? Teams of students use their limited knowledge to accomplish a challenging task. Most of the student teams will not be successful until they acquire the necessary knowledge. The students read one of ... Unit 3: Lesson 7 - Can I Produce Something People Want? Students use common objects to produce goods they think people will use to satisfy wants. They read a biography of inventor George Washington Carver, learning how Carver helped tenant farmers in the ...

Exploring the Marketplace: The Community Publishing Company - Teacher Resource Manual Grade: 3-4   Published: 1989 3 of the 35 lessons are related to this lesson. They are listed below. Lesson 4: Communities Today Students study how resources change in communities by comparing the maps of Communityville. This lesson summarizes the two previous map lessons and helps students become familiar with the suppliers of... Lesson 3: Communities Change Students analyze how Communityville has grown by examining another map of the town. The students locate new resources that provide goods and services to the people of Communityville. Lesson 2: Community Resources This lesson aims to develop an understanding of natural, human, and capital goods resources through a mapping exercise. The students study a map of a model community and begin to understand that a co...