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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…

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

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…

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

Taxes Tic Tac Toe

In this game, students can play tic tac toe while answering questions about proportional, regressive, and progressive taxes.
Key Concepts: Taxes

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…

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

Hey, Mom! What's for Breakfast?

Students working in cooperative groups will discuss food items they consume for breakfast, investigate elements of foreign culture, particularly food,...
Key Concepts: Consumers, Goods and Services, Producers

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…