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The Ice Cream Stand Students will learn about supply, demand, price, competition, and entrepreneurial skills in this lesson. They will put what they learned into action ... Grade: 6-8    Published: 12/02/2009

Marketplace: MIT Business Plan Competition The Sloan School of Business at Massachusetts Institute of Technology (MIT) hosts a yearly competition for the best business plan. It's not just your ... Grade: 6-8 9-12    Published: 04/03/2009

Lemonade For Sale! Students will become online entrepreneurs, taking risks and changing their production method to increase their profit while running a lemonade stand. ... Grade: 6-8    Published: 06/17/2008

Henry Ford and the Model T: A Case Study in Productivity (Part 3) When Henry Ford announced he was going to produce an automobile that would be affordable to the masses, it is doubtful even he realized the far reachi... Grade: 6-8 9-12    Published: 01/15/2008

What's Your Angle? This lesson is last in a series of lessons on entrepreneurship for 3-5. Students will learn about market research and ways to influence consumer b... Grade: 3-5 6-8    Published: 02/12/2004

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The Wide World of Trade Grade: 6-8   Published: 2003 1 of the 11 lessons are related to this lesson. It is listed below. Lesson 11: Why Are There Foreign Currency Markets? After listing some of their own buying and selling activities, students recognize that most people and families are both buyers and sellers who make exchanges in different kinds of markets. The relat... Lesson 10: Why Trade Money? In this lesson, students imagine a visit to the Mall of the World, a large international mall with shops that are owned and operated by people in other countries. Students choose items to eat at the ... 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. ... Lesson 4: Resources and Trade Student groups represent people in different countries. Each group receives a packet of materials that represents productive resources. People in each country use the resources to provide food, clot... Lesson 6: Trading Connections Students participate in a simulation to learn how trade benefits them as individuals and how trade benefits people in different regions and countries. Working in pairs, students learn about the major...

Choices & Changes: In Life, School, and Work - Grades 7-8 - Teacher's Resource Manual Grade: 7-8   Published: 2002 5 of the 15 lessons are related to this lesson. They are listed below. Unit 2: Lesson 10 - Choices Make a Difference: Worker Interviews Students interview adults about their work and consumer choices. Unit 3: Lesson 12 - Long- and Short-Term Consequences With information from a guest speaker, students analyze the short- and long-term consequences of dropping out of, or graduating, from high school. Students conduct an Internet search to find and grap... Unit 1: Lesson 2 - You in the Economy Students participate in a consumer-testing activity to learn that they weight costs and benefits when they make economic decisions. Unit 2: Lesson 6 - Choices Have Benefits and Costs In a simulation, "What's in the Box?" students examine the benefits and costs of alternative choices. Unit 1: Lesson 5 - Economic Choice and Opportunity Cost Through a reading, students learn how scarcity makes choices necessary and results in opportunity cost.

Mathematics & Economics: Connections for Life - 6-8 Grade: 6-8   Published: 2002 2 of the 12 lessons are related to this lesson. They are listed below. Lesson 12 - Charting a Budget In this lesson, students learn what a budget is. They construct a pie chart to show the distribution of expenses in a budget. They learn about payroll deductions and determine the impact that payroll ... Lesson 10 - Where Does the Price of Pizza Come From? Part 1 This lesson challenges students to identify the source of market prices. The students will complete a series of activities that represent supply and demand. In Activity 10.1, the students are asked to... Lesson 9 - Deserted Island This lesson is designed to introduce students to the idea that not all skills are valued equally in the marketplace. The students will explore these differences using their mathematics skills to creat... Lesson 7 - Which Pet is Right for You? This lesson focuses on a topic that is at the heart of economics, that of decision making. Decision making from an economic perspective requires individuals to consider both the benefits and costs for... Lesson 5 - Why Is Everyone so Crazy About Cell Phones? This lesson is designed to introduce students to the benefits of competition utilizing proportions to compare different rates. The students will explore the market for cell phones in two activities. I...

Financial Fitness for Life: Shaping Up Your Financial Future - Grades 6-8 - Teacher Guide Grade: 6-8   Published: 2001 7 of the 17 lessons are related to this lesson. The top 5 are listed below. Theme 2: Lesson 5 - Why Stay in School? In this lesson, the students are encouraged to weigh costs and benefits when making decisions about education. The students will recognize that, on average, the higher the educational attainment, the... Theme 2: Lesson 4 - Productivity In this lesson, the students examine ways to develop their human capital, that is, their value as a human resource. They discover that by developing their human capital, they make themselves more pro... Theme 1: Lesson 1 - The Economic Way of Thinking In this lesson, the students practice the economic way of thinking, a strategy for analyzing their own decisions as well as those of others. Theme 1: Lesson 2 - Consumer Decision Making In this lesson, the student learn that every decision involves alternatives. They practice using the PACED decision-making process. Theme 3: Lesson 6 - Why Save? In this lesson, the students learn about saving and investing, and they consider the importance of setting short-term, medium-term, and long-term savings goals. They use math skills to solve problems...

Choices & Changes: In Life, School, & Work - Grades 5-6 - Teacher's Resource Manual Grade: 5-6   Published: 2001 5 of the 15 lessons are related to this lesson. They are listed below. 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 ... Unit 3: Lesson 9 - What Results When People Use Improved Physical Capital Resources? Students learn that using technologies increase production during a business simulation. Unit 1: Lesson 2 - How Can I Improve My Human Capital? Students read about the experiences of Prince Henry the Navigator of Portugal 600 years ago. He organized a way to improve human capital, enabling him to accomplish his goals and enabling others to s... Unit 1: Lesson 3 - What Results When People Improve Their Human Capital? Students read 1998 U.S. labor-market data, compare education and income levels, then graph and analyze the data. Unit 2: Lesson 6 - What Results When People Can Produce More? Students become components of their circular flow model, representing the producer and consumer sectors, while making exchanges in resource and product markets. Productive resources, goods and servic...

Middle School World Geography: Focus on Economics Grade: 6-8   Published: 2004 9 of the 9 lessons are related to this lesson. The top 5 are listed below. Lesson 1 - What Are Productive Resources? In this lesson, the students become economic detectives and try to determine how economists categorize productive resources. Working in groups, the students sort cards into categories they create and ... Lesson 2 - How Much Depends on Where In this lesson, the students learn how the geography of a country can influence where goods are produced. The students use a map of a fictitious country to enhance their map skills. They derive geogra... Lesson 3 - Economics and Population Demographics In this lesson, the students use data and graphs to analyze and compare the populations and standards of living for different countries. The students begin by building a population pyramid of the chil... Lesson 4 - Why Do People Move? In this lesson, the students learn that costs and benefits influence people's decisions about moving. The students review U.S. Census data to discuss possible reasons why people move. They analyze the... Lesson 5 - Economic Freedom: How Important Is It? In this lesson, the students participate in activities that help them understand the correlation between economic freedom and a country's standard of living. First the students decide whether they agr...

Choices & Changes: In Life, School, and Work - Grades 9-10 - Teacher's Resource Manual Grade: 9-10   Published: 2002 1 of the 15 lessons are related to this lesson. It is listed below. Unit 3: Lesson 12 - Planning to Choose Through a case study and Internet search, students explore changes in the job market. They also explore changes in the job market. They also explore the nature of entrepreneurship.