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Related Online Lessons
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 5 of the 45 lessons are related to this lesson. They are listed below. Unit 6: Lesson 33 - Gross Domestic Product (GDP) and How to Measure It Students examine GDP. They distinguish between nominal and real GDP. They study how GDP is comprised of household spending on consumption goods and services (C), business investment spending (I), go... Unit 6: Lesson 31 - Measuring Unemployment: A Labor Market Mystery Students examine an economic mystery regarding employment and unemployment statistics. They learn how the Bureau of Labor Statistics measures employment and unemployment. They use the Guide to Econo... Unit 6: Lesson 38 - Aggregate Demand and Aggregate Supply Students build their understanding of aggregate demand and aggregate supply. They use their new skills to analyze the effects of events and government monetary and fiscal policies on inflation, unemp... Unit 6: Lesson 37 - Can Government Manage the National Economy? Although economists agree much more often than they disagree, the opinions of prominent economists on economic policy often conflict. This lesson seeks to clarify why economists disagree. Understand... Unit 7: Lesson 39 - Why Go Global? Students examine an economic mystery regarding the importance of U.S. participation in the global economy. They participate in a demonstration regarding imported clothing. They use the Guide to Econ...
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 | 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 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... Lesson 12 - Fiscal Policy: A Two-Act Play Groups of students are given outlines for one of two acts in a play describing either expansionary or contractionary fiscal policy. After the students choose parts and prepare lines for their roles, t... Lesson 11 - Money and Inflation Students observe a simple demonstration to determine the functions that money performs. They next participate in two rounds of an auction illustrating how increases in the money supply lead to inflati... 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 5 - The Role of Government In a Market Economy Students brainstorm suggestions about which functions government should perform in a market economy and compare their suggestions with categories economists frequently use. They participate in a quiz ...
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 | 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 1: Lesson 4 - What Influences Choices? Given a hypothetical situation, students explore positive and negative incentives of making specific choices. Unit 2: Lesson 10 - What Do Want Ads Mean? Through an analysis of help-wanted ads, students explore ways in which they can develop transferable skills and examine entry-level job skill requirements. Unit 2: Lesson 9 - What Employers Want In a job interview role-playing activity, students learn about criteria employers use in deciding to hire employees.
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 | 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 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 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 6 - Why Some Jobs Pay More Than Others Why do some people earn more income than others? This lesson explains what income is and focuses on how investments in human capital can contribute to increased income. The lesson culminates with an... 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 19 - Scams and Schemes This lesson reminds students that while most credit transactions are completely legal, there are some that are not. This lesson introduces scams and schemes, such as identity theft, loan scams, and c...
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 | Focus: High School Economics Grade: 9-12 Published: 2001 1 of the 21 lessons are related to this lesson. It is listed below. Lesson 21: Economic Growth and Development Economic growth is measured by a rise in real (inflation-adjusted) gross domestic product (GDP) over time. When a nation's production of goods and services rises faster than its population, real GDP ... Lesson 18: Economic Ups and Downs News reports about the economy often refer to data concerning economic growth, recessions, inflation, and unemployment. Students (and adults) should understand these data and how they both reflect an... Lesson 20: Aggregate Supply and Demand: The Sum of Their Parts, and More Over the last two decades, the most dramatic pedagogical innovation in teaching introductory economics has been the use of aggregate supply and demand curves to illustrate key macroeconomic concepts a... Lesson 3: A Classroom Market for Crude Oil Every day in communities all around the nation, decisions are made on what goods and services will be produced, how many will be produced and purchased, and at what prices. How are these decisions ma... Lesson 4: The Market Never Stands Still Prices of goods and services fluctuate as conditions that influence the behavior of buyers and sellers change. This lesson examines the major reasons for such changes in supply and demand, and the re...
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 | 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 5: The Gains From Trade This lesson is an application of the supply and demand tools developed in lessons 1-4. In the earlier lessons, models of supply and demand were introduced to show students how (equilibrium) prices are... 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... 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 4: Understanding the Mathematics of Changes in Supply and Demand This lesson asks students to look at the factors that cause a change in supply and/or a change in demand. Many factors influence the amount of a product that people are willing and able to purchase at... Lesson 2: The Nature of Supply This lesson develops the economic tool of supply. Supply is determined by the willingness and ability of producers to sell a product (a good or a service) at different prices. A supply curve is a grap...
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 | 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 3: Lesson 6 - How Can Changes in the Federal Government's Budget Stabilize the Economy? The teacher discusses with the class how a market economy like that of the United States goes through the Business Cycle of unstable swings in economic activity. The students then write and perform a... 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 7 - Who Should Control the Money Supply - the U.S. Congress or the Federal Reserve? Students learn that the basic U.S. money supply consists of currency in circulation and checking account balances in banks. They learn that the money supply increases when banks make loans, and that ... Unit 2: Lesson 4 - What are the Economic Functions of Government? The six economic functions of government are presented to students. Students categorize a series of newspaper headlines as examples of each of the six functions and locate additional examples in curr... Unit 3: Lesson 8 - To What Extent Do Economic Conditions Determine the Outcome of Presidential Elections? Students consider how economic performance is evaluated and are introduced to four major indicators of macroeconomic performance: growth rate of real income, unemployment rate, inflation rate, misery ...
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 | 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 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 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 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 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 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...
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