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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

Staying Afloat Financially in the 21st Century This lesson will help students identify how to make good decisions which will help them financially in the future. Students will identify how to take... Grade: 6-8    Published: 06/21/2009

The Civil War: A War of Resources The North won the Civil War in large part due to its superior resources. In this lesson students will learn the difference between capital resources,... Grade: 6-8    Published: 02/01/2008

There is Something in the Water The United States is losing 60,000 acres of wetlands each year. Is this good or bad? Does anyone really want to live in swamps, fens, bogs, and mars... Grade: 6-8    Published: 01/04/2006

Fad or Fortune This lesson focuses on collectibles and how they retain, lose, or gain value. In each round of a trading simulation, students will learn more about th... Grade: 6-8    Published: 10/25/2005

Related Print Lessons

The Wide World of Trade Grade: 6-8   Published: 2003 0 of the 11 lessons are related to this lesson. They are listed below. Lesson 2: Special Friends Pairs of students play the roles of two friends who have chores to complete before they can spend time together. Through trial-and-error, students discover the benefits of specialization and trade. ... Lesson 3: Everyone Is Interdependent In this lesson, students learn about resources from around the world that are used in the production of a specific product -- Hershey's Kisses. Students then determine the identity of a mystery produ... Lesson 7: Mutual (and Comparative) Advantages Using numerical examples and bar graphs, students see why it benefits two countries to specialize in the production of one of two products and then trade with each other, even if one country has the r... 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... Lesson 8: Something's in the Way The class is divided into two groups that participate in a simulation making two types of postcards. In the first round, each group specializes and then considers possible results from trading for th...

Choices & Changes: In Life, School, and Work - Grades 7-8 - Teacher's Resource Manual Grade: 7-8   Published: 2002 0 of the 15 lessons are related to this lesson. They are listed below. 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 1 - Exchanging Goods and Services Through a barter activity, students experience barter as a means of exchange; the activity shows students that they are participants in the economy. Unit 3: Lesson 15 - I Can Make Good Choices Students prepare and present their final projects, advertisements to influence students to graduate from high school. Unit 3: Lesson 11 - Choices Have Consequences In a paired writing activity, students identify potential actions and outcomes from brief life situations, and they learn that choices have consequences. Unit 2: Lesson 8 - Ways to Make Choices Students are introduced to six methods for making choices and decide in small groups the most appropriate way(s) to make certain choices.

Financial Fitness for Life: Pocket Power - Grades K-2 - Teacher Guide Grade: K-2   Published: 2001 0 of the 16 lessons are related to this lesson. They are listed below. Theme 3: Lesson 11 - Ads Make Us Spend Students examine various forms of advertising and discover why companies advertise their products. They watch television commercials to answer questions about products advertised and consumer wants. ... Theme 3: Lesson 10 - We Plan for Spending Students construct traffic lights and use them in evaluating consumer decisions as planned or unplanned spending. Students discuss the costs and benefits of each decision. Theme 2: Lesson 6 - How We Save The class hears a story about Nicholas's family during a time of unexpected financial emergency. Students experience scarcity as they try to fit everything they want into a pocket. They learn about ... Theme 3: Lesson 8 - We Are Consumers Students discover that they are consumers. As they fill their pockets with pictures of wants, students learn that consumers want both goods and services. As they try to help Nicholas choose a pet, a... Theme 2: Lesson 4 - Money Lets Us Choose Students listen to a short story introducing the difficulty of making choices. They discuss and experience costs and benefits as they make a choice among alternatives, using a grid. The class makes ...

Middle School World Geography: Focus on Economics Grade: 6-8   Published: 2004 7 of the 9 lessons are related to this lesson. The top 5 are listed below. Lesson 6 - Joining Together That Which Has Drifted Apart In this lesson, the students learn about the physical forces that move people on different continents further apart and the economic forces that bring them together. They read about the formation 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 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... 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 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...

Your Credit Counts Challenge: Trainer's Guide Grade: 7-adult   Published: 2004 4 of the 6 lessons are related to this lesson. They are listed below. 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... Section 4: A Roof Over Your Head Participants will understand the benefits and drawbacks of homeownership. Participants will understand the process of buying a home, from before house-hunting to closing and occupancy. Participants ... 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...

Choices & Changes: In Life, School, & Work - Grades 5-6 - Teacher's Resource Manual Grade: 5-6   Published: 2001 8 of the 15 lessons are related to this lesson. The top 5 are listed below. Unit 5: Lesson 13 - Why Should I Set Goals and Plan to Achieve My Goals? Students create lists of their personal goals and prioritize the goals on their lists. They identify the goals that will require development of their human capital. They identify ways in which they ... Unit 4: Lesson 10 - What Are the Advantages of Working with Others to Produce? Students read historical fiction set in 1855 in the Oregon Territory. The story illustrates the results of people working interdependently. The students identify ways in which the characters in the ... 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 2: Lesson 4 - How Can I Make Decisions About My Future? In the mid-1700s thousands of Europeans traveled to North America seeking adventure, freedom, and economic opportunity. The risk of deciding to travel across the Atlantic Ocean in a wooden ship was g... Unit 3: Lesson 9 - What Results When People Use Improved Physical Capital Resources? Students learn that using technologies increase production during a business simulation.

Financial Fitness for Life: Shaping Up Your Financial Future - Grades 6-8 - Teacher Guide Grade: 6-8   Published: 2001 8 of the 17 lessons are related to this lesson. The top 5 are listed below. 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... 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 5: Lesson 15 - Managing Cash Although most middle school and junior high students do not hold full-time jobs, they do have spending power. They may earn money from an allowance or a part-time job, and they have discretionary inc... Theme 3: Lesson 8 - Who Pays and Who Receives? In this lesson, students learn that banks are businesses and, as such, seek to make a profit. One way banks do this is by charging borrowers a higher rate of interest than the interest that is paid t... 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.

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 6 - How Much is That Bike? This lesson demonstrates the utility of percentages in comparing fractions of unequal size; it also provides students with practice in using percent to calculate simple interest. Students are introduc... 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...

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 1: Lesson 1 - Making Choices Students are introduced to the nature of choice making by confronting thorny problems individually and in groups.