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Economics Clear

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Grades 6-8

What Does the Nation Consume?

This lesson will focus on what the nation consumes and how that is measured by Gross Domestic Product (GDP). In...
Key Concepts: Consumers, Demand, Financial Markets…
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Grades 6-8

Frontier Specialists

The level of output in an economy can be increased through specialization. Economic specialization occurs when people produce different goods...
Key Concepts: Benefits of Trade, Goods and Services, Specialization…
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Grades 3-5

Old Business, New Business

In this lesson students are introduced to several businesses from the past. They see that, while the names for these...
Key Concepts: Balance of Trade and Balance of Payments, Business, Demand…
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Grades 3-5

I Have No Money, Would You Take Wampum?

Through the use of folk tales, history, and the students' own experiences, students will recognize the inter-relatedness of goods, services,...
Key Concepts: Goods and Services, Money, Trade, Exchange and Interdependence
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Grades 9-12

The Big Mac Index

How fast can you say "twoallbeef-pattiesspecialsauce-lettucecheesepickles-onionsonasesameseedbun?" This question was asked of millions of TV viewers in the now famous 1970s...
Key Concepts: Foreign Exchange, Markets and Prices, Money
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Grades 3-5

An Entreduction

This lesson illustrates the differences between inventions and innovations. It discusses what entrepreneurs are and their role with inventions and...
Key Concepts: Decision Making/Cost-Benefit Analysis, Entrepreneurs, Investing…
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Grades 6-8

The Opportunity Cost of a Lifetime

All economic questions and problems arise from scarcity. Economics assumes people do not have the resources do satisfy all of...
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis
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Grades 9-12

Economic Forecasting: An Internet WebQuest

Economics is often called the "science of decision making." The decisions that economists analyze range from personal decisions such as...
Key Concepts: Decision Making/Cost-Benefit Analysis, Employment and Unemployment, Fiscal Policy
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Grades 9-12

The Economics of the Family Farm

Learn about the status of farming as a career, investigate the management of a family farm, and examine one recent...
Key Concepts: Demand, Division of Labor/Specialization, Goods and Services…
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Grades 9-12

The Wizard of Oz Visits Japan

Deflationary conditions in the United States have not returned since the Great Depression. Instead, U.S. policymakers have frequently found it...
Key Concepts: Fiscal Policy
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Grades 3-5

Hey, Mom! What's for Breakfast?

In this lesson students working in cooperative groups will: 1.Discuss food items they consume for breakfast. 2.Investigate elements of foreign...
Key Concepts: Consumers, Goods and Services, Producers
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Grades 3-5

Paraffin-alia

All resources are limited. It is this simple fact--scarcity--that forces us to make decisions. When we do make a choice,...
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Goods and Services…
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