Grades 9-12
Grade 3-5, 6-8
,
Activity
Opening a Restaurant
Objective
Students will be able to:
- Evaluate the use of scarce resources.
In this economics activity, students use scarce resources to plan the opening of a restaurant.
Resources
Procedure
This is a group activity where students will use a list of scarce and plentiful resources available to create a new restaurant in one of the following formats: Quizizz, worksheet, or the ReadyAssessments Activity. Students must keep in mind the plentiful and scarce resources in the region. Plentiful resources: vegetables, fruit, grains, sugar, chocolate, fish, cheese, spices Scarce resources: beef, pork, or chicken. To complete this activity, students need to follow the directions below:
- You and your groupmates want to open a restaurant. When opening your restaurant, you must keep in mind the plentiful and scarce resources in the region.Plentiful resources: vegetables, fruit, grains, sugar, chocolate, fish, cheese, spices Scarce resources: beef, pork, or chicken
- Go to the Restaurant Creation Quizizz, worksheet, or complete the ReadyAssessments Activity.
Related Resources
Students compare the economic costs and benefits of helping people who are experiencing housing insecurity and consider the ethical implications.
Key Concepts: Decision Making/Cost-Benefit Analysis, Role of Government
Grades 6-8, 9-12
Valentine's Day Greeting Card Production
Working in small groups, students participate in a production simulation (making Valentine's Day greeting cards) to determine the effects of...
Key Concepts: Costs of Production, Diminishing Marginal Utility, Productive Resources…
60 min
Lesson
Grades 9-12
Can You Be Fashionable and Ethical?
Students “produce” blue jeans and make business choices about production to simulate the decision of changing from more expensive, but...
Key Concepts: Costs of Production, Decision Making/Cost-Benefit Analysis, Externalities…
60 mins
Lesson
Grades 9-12
What is the Most Ethical Way to Fund Public Schools?
Students analyze documents, create a school-funding graphic organizer, and write an email to their state representative with their plan to...
Key Concepts: Decision Making/Cost-Benefit Analysis, Opportunity Cost, Role of Government
90 mins
Lesson