This is the "Historical Foundations of Economics" page of the "8th Grade Social Studies Curriculum Resources" guide.
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8th Grade Social Studies Curriculum Resources   Tags: 8th_grade, 8th_grade_social_studies, social_studies  

Lesson plans and classroom resources aligned with the 8th grade curriculum (1st & 2nd Semester)
Last Updated: May 16, 2011 URL: Print Guide RSS Updates

Historical Foundations of Economics Print Page

Historical Foundations of Economics

Historical Foundations of Economics

  • Building Wealth: A Beginner's Guide to Securing Your Financial Future
    Building Wealth is a personal finance education resource that can be used individually or in the classroom to help young people develop a plan for building personal wealth. It presents an overview of personal wealth-building strategies that includes setting financial goals, budgeting, saving and investing, managing debt, and understanding credit reports and credit scores.
  • Econ EdReviews
    Teachers helping teachers find outstanding economics materials on the web.
  • Federal Reserve Bank of Philadelphia: What Is the Federal Reserve?
    Students participate in a simple banking simulation to learn how banks take in deposits, make
    loans, and hold reserves. Students will simulate the difficulties of check clearing without a clearinghouse and efficient check clearing with the Federal Reserve’s clearinghouse.
  • Federal Reserve Bank of Philadelphia: Why Money?
    Students participate in a trading simulation to learn about barter and the benefits of using money. Working in pairs, students receive information cards on different forms of money used during U.S. history and identify specific problems with each.
  • Federal Reserve Bank of St. Louis: Cards, Cars & Currency
    Cards, Cars and Currency is a curriculum unit that challenges students to become involved in three specific areas of personal finance: credit cards, debit cards and purchasing a car.

    The unit is divided into five lesson plans. The activities in each lesson plan are designed to address problem-solving, critical-thinking and higher levels of learning, using real-world scenarios. Students will be able to identify the bottom line of financial decision making: income kept or lost.
  • Federal Reserve Bank of St. Louis: Economic Lesson Plans & Activities
    Topics Include: Economics Lesson Plans, Economics & Geography Lesson Plans, Economics & History Lesson Plans, The Federal Reserve Lesson Plans, Money & Banking Lesson Plans, Personal Finance Lesson Plans
  • Federal Reserve Bank of St. Louis: GDP and Pizza
    The GDP and Pizza: Economics for Life course is a two-day, online course produced by the Federal Reserve Bank of St. Louis. It is designed to help students in civics, economics and other social studies classes grasp the challenging economic content—and to explain why these topics are important for citizens to understand.

  • Federal Reserve Bank of St. Louis: Its Your Paycheck!
    The curriculum contains three sections—"Know Your Dough," "KaChing!" and "All About Credit." The lessons in each of these sections employ various teaching strategies to engage students so that they have opportunities to apply the concepts being taught. Each lesson includes black-line masters of the handouts and visuals needed to teach the lesson.
  • Federal Reserve Resource Guide
    Resource Guide PLUS is a collection of publications and tools for your classroom from the Federal Reserve System.
  • Generation I - Online Personal Finance Game
    Developed for middle school and high school students, this online game gives your students the chance to learn important personal finance skills as they play and compete against fellow classmates.
  • GeoFRED
    GeoFRED is a data-mapping tool that displays color-coded data on the state, MSA and county levels. For example, GeoFRED can display unemployment, labor force and population for all U.S. counties. Users can select among 19,000 FRED® data series and customize these printable maps according to size, scope and detail.
  • Hands On Banking
    Welcome to the Hands on Banking® program! Want to take charge of your own finances and reach your goals? Just pick your age group and get started! Whether you want to build your credit, your investments, or your own small business; invest in the market, a home, or higher education; shop for a loan, buy a car, or open your first bank accounts, the Hands on Banking program offers all the basic money tools, skills, and information you need.
  • PBS Kids - Don't Buy It!
    Don't Buy It: Get Media Smart is a media literacy Web site for young people that encourages users to think critically about media and become smart consumers. Activities on the site are designed to provide users with some of the skills and knowledge needed to question, analyze, interpret and evaluate media messages.
  • Scholastic: How the Economy Works
    Use the Scholastic News Online Special Report on the economy to help students understand both general economic terms and the roots of the current crisis.
  • The Money Circle
    Included in this series of lesson plans are print and web-based resources from the Federal Reserve System focusing on 4 concepts related to money: interpreting the history, functions, and characteristics of money, evaluating the significance of personal financial well-being, applying financial planning and analyzing the role of the Fed.
  • What Is The Importance of Developing Job Skills?
    This lesson introduces students to the connection between education attainment and earning potential. Students will participate in a classroom activity where they develop a budget according to a given scenario. Additionally, students will actively read and discuss a Dr. Econ Question: What is the importance of developing job skills?

Economic Lessons Based on Children's Literature

Note - geared more to upper elementary but have a hands-on aspect that provides a real life application to the concepts, great for introductory lessons, ESL students

  • A Basket Full of Bangles: How a Business Begins
    In this lesson, students listen to a story and answer questions about lending in Bangladesh. They complete a diagram that shows the impact of lending on a community. Working as a class, they compare the similarities and differences between banks lending in the United States and the Grameen Bank lending in Bangladesh. Students work with a partner to estimate profits based on Sufiya’s prices and costs in the book.
  • Less Than Zero
    In this lesson, students learn about saving, savings goals, interest, borrowing and opportunity cost by reading Less Than Zero by Stuart J. Murphy. Students use a number line and a line graph to track spending and borrowing in the story.
  • On the Court With . . . . Michael Jordan
    In this lesson, students participate in a simulation to learn about choices, alternatives, opportunity cost and human capital. They learn the PACED decision-making model, apply the model and recognize that learning the model is an investment in their human capital. Student groups build a tower with paper cups. Each group has different physical abilities based on an assigned level of human capital.
  • Saturday Sancocho
    In this lesson, students listen to a story and answer questions about a family inCentral or South America that barters to get the ingredients for chicken sancocho, a
    kind of stew. The students complete sentences that record the various trades carried out by the family to obtain all of the ingredients for the sancocho. They participate in a trading activity where they barter with each other to get the ingredients needed to make chicken sancocho.
  • The Pickle Patch Bathtub
    In this lesson, students learn about opportunity cost, saving, savings goals and a savings plan by reading The Pickle Patch Bathtub by Frances Kennedy. Students will develop savings plans that lead to their own savings goals.
  • Tortilla Factory
    Students observe the teacher produce a paper taco and produce their own paper tacos following the process demonstrated by the teacher. Students learn about the productive resources—human resources, natural resources, and capital resources—and intermediate
    goods used to make final goods and services. They listen to the book Tortilla Factory and identify the productive resources and intermediate goods used to produce
    corn tortillas.

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