Lesson plans and classroom resources aligned to the Economics curriculum.
Last Updated: May 5, 2011
- Basic Concepts
Series of lessons, notes, interactive activities from reffonomics.com
- Give and Take
Often decisions result in trading off some of one thing to get some of another. This lesson introduces the idea of trade-offs and provides practice in analyzing options before making decisions.
- Is The Tassel Worth the Hassel?
Students will be able to use economic reasoning to analyze both the short-term and long-term benefits and opportunity costs of educational choices; identify incentives that may influence students' career decisions and solve an economic mystery using the Handy Dandy Guide.
- M&M Interesting
During this lesson students use the economic concepts of trade-offs and opportunity cost to decide between savings accounts with simple interest and those with compound interest.
- Opportunity Cost
- Popcorn Economics
In this lesson, students experience scarcity through an activity. Following the activity, students relate the concept of scarcity to situations in school and their community. Students learn that people make choices because of scarcity.
- The Magic of Markets: Trade Creates Wealth
Trade is the voluntary exchange of goods and services. People engaging in trade must be willing to bear a cost (give up something). Therefore, we know that people will only participate voluntarily when they expect to gain from the exchange. If even one of the trading partners believes he cannot gain, the exchange will not take place.
- To Buy or Not To Buy
Consumers seem to be besieged by requests from special interest groups to refrain from buying certain goods and services. In this lesson, students study how boycotts have been used throughout U.S. history to help promote economic, social and political change. After researching current boycott targets, students create promotional flyers providing a glimpse at the goals people today hope to achieve through this consumer market action.