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Teach Opportunity Cost with "Uncle Jed's Barbershop"

Students listen to the book Uncle Jed's Barbershop, about an African American barber who, despite significant setbacks, saves enough money...
Key Concepts: Decision Making/Cost-Benefit Analysis, Entrepreneurship, Saving

Specialists Light Up Our Lives!

Peppe and his family moved to America to pursue the American dream. His mother has passed away, his father is...
Key Concepts: Goods and Services, Specialization, Trade, Exchange and Interdependence

Jobs: Who Needs 'Em?

In this lesson, students will look at the importance having some kind of job. At early ages they sometimes get...
Key Concepts: Employment and Unemployment, Trade-offs among Goals

Cowboy Bob Builds a Community

A cowboy rides into a ghost town and decides that it needs to be rebuilt. Students will select the necessary...
Key Concepts: Roles of Government

How Labor Got Its Day

If you asked students what comes to mind first when they think of Labor Day, what do you think they...
Key Concepts: Division of Labor/Specialization, Economic Institutions, Goods and Services…

The Color of Resources

This lesson will demonstrate the making of Crayola products to introduce natural, capital, and human resources as well as touching...
Key Concepts: Resources

Did You Get the Message?

Updated! In this economic lesson, students will view TV ads to learn advertising incentives and strategies.
Key Concepts: Advertising, Consumers, Incentives

Believe it or Not?

In this economic lesson, students will explain fact and opinion in advertisements.
Key Concepts: Advertising

You Can BANK on This! (Part 1)

Banking should not be confusing. It should be INTERESTing! Most students in the elementary grades would love to know more...
Key Concepts: Money, Trade, Exchange and Interdependence

The Grasshopper and the Ant

Understanding the concept of opportunity cost is critical for good decision making. The ability to identify the opportunity cost—the highest...
Key Concepts: Balance of Trade and Balance of Payments, Consumers, Decision Making/Cost-Benefit Analysis…

What Face do you Use?

The students will recognize that in order to facilitate the exchange of goods and services, most nations create currency for...
Key Concepts: Money, Trade, Exchange and Interdependence