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Grades 9-12

Was Babe Ruth Under Paid?

Updated with 2022 MLB information! This lesson demonstrates a method for teaching students about inflation and the Consumer Price Index,...
Key Concepts: Inflation, Markets and Prices
Lesson

Grades 6-8, 9-12

Why do we need money? Think about Ebay!

The students investigate money--its purpose and functions. They complete an exercise, using the online acution site Ebay, to learn why...
Key Concepts: Foreign Exchange, Markets, Markets and Prices…
Lesson

Grades 6-8

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...
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Goods and Services…
Lesson

Grades 6-8, 9-12

Industrial Entrepreneurs or Robber Barons?

This lesson focuses on a group of nineteenth century industrial entrepreneurs described in many history books as Robber Barons. It...
Key Concepts: Credit, Decision Making/Cost-Benefit Analysis, Economic Systems…
Lesson

Grades 3-5

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…
Lesson

Grades 6-8, 9-12

Sand Art Brownies

In this lesson, you will learn about substitute goods. You will have choices to make in your role as a...
Key Concepts: Decision Making/Cost-Benefit Analysis, Scarcity
Lesson

Grades 3-5

Money Comes and Goes

Students read two online stories that introduce them to the elements of a budget and show that a successful budget...
Key Concepts: Balance of Trade and Balance of Payments, Budgeting
Lesson

Grades K-2, 3-5

What is Competition?

Students will understand what businesses are, that a marketplace exists whenever buyers and sellers exchange goods and services, and that...
Key Concepts: Business Costs and Revenues, Consumers, Decision Making/Cost-Benefit Analysis…
Lesson

Grades 6-8

Hey, Get a Job!

The second of a two-part unit on income-earning endeavors, this lesson has students choose a job or business to engage...
Key Concepts: Budgeting, Entrepreneurs
Lesson

Grades 3-5

Peanuts, Pecans, and Peas, Please

Updated! George Washington Carver, a great scientist, changed the economy of the South with his agricultural knowledge. This lesson will...
Key Concepts: Economic Systems, Entrepreneurs
Lesson

Grades 3-5, 6-8

Taxation without Representation?

This lesson will take students through the series of tax acts that were enacted by the British government and disputed...
Key Concepts: Balance of Trade and Balance of Payments, Budget Deficits and Public Debt, Economic Systems…
Lesson

Grades 3-5

What's My Interest?

Students explore the concept of interest by means of two activities. The first, a simple activity with jellybeans, introduces the...
Key Concepts: Balance of Trade and Balance of Payments, Credit, Economic Institutions
Lesson