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Grades K-2, 3-5
Opportunity Cost - Consumers
Key Concepts: Consumers, Decision Making/Cost-Benefit Analysis, Producers…
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Grades K-2
Human Resources and Capital Resources: It's A Match!
Students will define and identify human resources and capital resources workers use in their jobs.
Key Concepts: Goods and Services
Grades 9-12
Utility
Can happiness be measured? Students will learn how utility relates to economic decision making and the law of diminishing marginal...
Key Concepts: Decision Making/Cost-Benefit Analysis, Demand, Wants
Grades 9-12
How Much Does it Cost Now?
Students will use the FRED database to download the Consumer Price Index (CPI) and calculate the equivalent price of a...
Key Concepts: Fiscal Policy
Grades 9-12
Economic Indicators for Informed Citizens
Newly updated! This lesson introduces students to three basic economic indicators: real GDP, the inflation rate, and the unemployment rate....
Key Concepts: Consumer Price Index (CPI), Employment and Unemployment, Gross Domestic Product (GDP)…
Grades 9-12
Traditional Economies and the Inuit
The Inuit people of northern Canada provide an example of a traditional economy. For thousands of years, Inuit parents have...
Key Concepts: Demand, Economic Systems, Goods and Services…
Grades 9-12
Okun's Law
The students sharpen their graphing skills by interpreting the relationship between changes in the unemployment rate (%) and real GDP....
Key Concepts: Employment and Unemployment
Grades 6-8, 9-12
The Family Vacation
Students will take a surprise trip around the world. As they travel, they will use clues to discover where they...
Key Concepts: Foreign Exchange, Money, Trade, Exchange and Interdependence
Grades K-2
Teach About Scarcity with "The Mitten"
This is a folktale retold by Jan Brett about a little boy whose grandmother knits him a pair of snow...
Key Concepts: Scarcity
Grades 3-5
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
Grades 3-5
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
Grades K-2
Funny Money or Phony Money?
Money is what we use to show what goods or services are worth. When you do work, you are paid...
Key Concepts: Markets and Prices
Grades 6-8, 9-12
Transportation: They Say We Had a Revolution (Part 3)
Advancements in transportation have played a key role in the growth of our nation. U.S. government policies have also had...
Key Concepts: Balance of Trade and Balance of Payments, Business Costs and Revenues, Economic Systems…
Grades 3-5
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…
Grades 6-8
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...
Key Concepts: Division of Labor/Specialization, Goods and Services, Resources
Grades 6-8, 9-12
Transportation: They Say We Had a Revolution (Part 1)
Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a...
Key Concepts: Balance of Trade and Balance of Payments, Benefits of Trade, Business Costs and Revenues…
Grades 3-5, 6-8
Work, Earnings, and Economics: "Lyddie" by Katherine Paterson
This updated lesson is based on the novel, Lyddie, by Katherine Paterson. Set mainly in Lowell, Massachusetts, in the 1840s,...
Key Concepts: Budgeting, Choice, Decision Making/Cost-Benefit Analysis…
Grades 9-12
What Happened to Railroads?
Between the Civil War and World War II, railroads were one of the nation's most important businesses and an integral...
Key Concepts: Business Costs and Revenues, Credit, Decision Making/Cost-Benefit Analysis…
Grades 9-12
Banks & Credit Unions (Part I)
Students learn about banks and credit unions, identifying similarities and differences between the two types of financial institution. They also...
Key Concepts: Balance of Trade and Balance of Payments, Budgeting, Decision Making/Cost-Benefit Analysis…
Grades 6-8
The Higher you Climb, The More You Pay
Students will take a "Virtual Tour" of the Eiffel Tower in Paris France and locate the price of a bottle...
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Demand…
