This lesson encourages students to define opportunity cost, determine the the opportunity cost and trade-offs for certain decisions, and select criteria important for decision making.
A collection of financial literacy lesson plans from EconEdLink for grades K-12. The search results can be further refined by National Standards in Economics, National Standards in Financial Literacy, Common Core ELA, and Common Core Math standards, instructional strategy (e.g. direct instruction, interactive lesson), and personal finance concept.
This game helps students to understand the concepts of changing supply, changing demand, and equilibrium price, as the price of bags of ice changes after a hurricane has swept through a community.
A site with resources for teachers teaching high school economics.
In this series of short "headlines", each has a direct goal, but each also has an unintended externality or spillover.
Our standard of living depends on the pace of economic growth. That pace can be enhanced through increased productivity brought about by investment in physical and human capital and advances in technology. In this module, students will learn about these tools to increase productivity and advance our standard of living. This content from Econ Lowdown also features alignment to national Financial Literacy and/or Economics standards.
This essay by Dale C. Copeland entitled Economic Interdependence and War: A Theory of Trade Expectations discusses the realist and liberal points of view.
What can be done to get people back to work? Students get the answer to this and other questions — including why education might be the best way to avoid unemployment in the future — in this short online module. This content from Econ Lowdown also features alignment to national Financial Literacy and/or Economics standards.
This site is a great place to study the concept of "elasticity" Formulas, examples, and quiz questions are provided.
Young children are not likely to think past their piggy banks when it comes to safe places to set money aside for those special items. In this short module, your students will learn that a bank account offers security and a return on their savings. This content from Econ Lowdown also features alignment to national Financial Literacy and/or Economics standards.
It's never too soon to begin teaching basic financial concepts, such as human capital, decision-making, saving, and using credit, to young students. Ella's Adventures allow your students to follow young Ella as she learns important life lessons.
Project expenses, profits, and losses for your first year in business using a spreadsheet. Time to complete: 45-90 minutes
“How Daniel Got What He Wanted” is the fifth video in the Explore Economics animated series. It will help students understand that people have to save to get the things they want. Daniel wants a new bike helmet and must earn income and save to reach his goal.
This video from the Explore Economics series helps kids understand what productivity is and how we can increase productivity. Kids learn that productivity is a measure of output per worker per unit of time. They learn that we can increase productivity through division of labor, investment in human capital, and using new capital resources.
Explore Economics is a series of short videos that introduce elementary-age children to economic concepts.
An organization that promotes the global fair trade movement to create opportunities and alleviate poverty.
A great resource from the FDIC for "becoming an informed banking consumer." Learn all about consumer protection and gain important and useful facts about such topics as phishing scams, identity theft, consumer rights, new cheque clearing laws, internet banking, loans, and mortgages.
Interactive educational site where you can learn the who-what-when-where-why-how of the FDIC. Includes lots of history from the New Deal era. Solid information in a format that's for kids.
An online publication on banking basics. It explains what a bank is, what the different types of banks are, how to choose a bank, and how banks work. It also explains about checks, electronic banking, credit cards, debit cards, and the Federal Reserve.
"Beyond Shocks: What Causes Business Cycles?" Conference Series No. 42, June 1998, from the Federal Reserve Bank of Boston. A collection of articles that can be downloadable in PDF format.