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Related Online Lessons
 | Business Ownership: The Franchise Option Students explore an alternative to starting a business from scratch – investing in a franchise. They begin by considering the pros and cons ... Grade: 9-12 Published: 04/21/2004 |
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 | 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 |
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Related Print Lessons The following lessons come from the Council for Economic
Education's library of print publications. Clicking the publication titles will take you to the Council for Economic Education Store for more detailed information. | Capstone: Exemplary Lessons for High School Economics - Teacher's Guide Grade: 9-12 Published: 2003 8 of the 45 lessons are related to this lesson. The top 5 are listed below. Unit 3: Lesson 19 - Earning an Income Students examine the concept of income. They identify factors that generate in come, including entrepreneurial traits and changing conditions in labor markets. In learning how income is generated, s... Unit 4: Lesson 23 - Make a Profit: Do the Math Working as consultant teams, students use basic math to compute fixed costs, total costs, marginal costs, total revenues, marginal revenues, and profits (or losses) for a business. They determine the... Unit 2: Lesson 6 - Why Did Communism Collapse? Students examine and discuss visuals to solve an economic mystery regarding the command system of the Soviet Union. 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 20 - Why Helping Yourself Helps Others Students examine and discuss visuals to identify an economic mystery regarding greed and self-interest. They use economic reasoning to analyze the mystery and reach a tentative explanation.
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 | Financial Fitness for Life: Bringing Home the Gold - Grades 9-12 - Teacher Guide Grade: 9-12 Published: 2001 7 of the 22 lessons are related to this lesson. The top 5 are listed below. Theme 2: Lesson 5 - Making Your Own Job Not everyone works for someone else. Some people make jobs for themselves. They are called entrepreneurs. This lesson focuses on the characteristics of entrepreneurs, compares some of the advantage... Theme 2: Lesson 4 - Job Application Process Getting a job is fundamental to achieving economic success. Most people begin their work lives working for others. While obtaining a job can be a challenge, there are widely accepted practices in bu... Theme 1: Lesson 1 - How to Really Be a Millionaire This lesson is designed to get students interested in personal finance. Financial planning may seem dull and laborious, but finding out how to become a millionaire is an activity that tends to stir u... 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 4: Lesson 11 - What Is Credit? Credit decisions are among the most important choices that young people will make. This lesson provides an overview of what credit is and some of the advantages and disadvantages of using credit. St...
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 | Economics in Action: 14 Greatest Hits for Teaching High School Economics Grade: 9-12 Published: 2003 3 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 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...
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 | Your Credit Counts Challenge: Trainer's Guide Grade: 7-adult Published: 2004 1 of the 6 lessons are related to this lesson. It is listed below. 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...
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 | Civics and Government: Focus on Economics Grade: 9-12 Published: 1996 2 of the 16 lessons are related to this lesson. They are listed below. Unit 3: Lesson 10 - Why Does the Federal Government Give Money to State and Local Governments? The class discusses the meaning of spillover benefits (positive externalities) and develops a list of goods and services provided by state or local governments that could result in positive externalit... 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...
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 | Mathematics & Economics: Connections for Life - 9-12 Grade: 9-12 Published: 2001 1 of the 15 lessons are related to this lesson. It is listed below. Lesson 9: Profit Mathematics Most businesses in a market economy try to maximize profits. Economic profits are the difference between total revenue (the value of total sales for the business) and total cost (how much it costs the...
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