Students will apply their understanding of economic concepts by playing an online …
Students will apply their understanding of economic concepts by playing an online computer game, Lemonade Stand. This game has the students competing against themselves and others to earn the biggest profit in 25 days’ time. "Daily" economic advice helps students find out where they fail in understanding the demand and supply sides of economics. Fun!
In this lesson, Activities 1 & 2, students are introduced to several …
In this lesson, Activities 1 & 2, students are introduced to several businesses from the past. They see that, while the names for these businesses are different many of the elements of that job are seen in occupations today. The web site "Business Cards..." explains that many of our family names may have come the occupations of preceding generations.
In this lesson, students will learn about a speculative bubble within the …
In this lesson, students will learn about a speculative bubble within the context of the U.S. real estate market. This lesson includes book excerpts,role-playing activites, exercises, and assessments.
Young people often feel disengaged from the political process and powerless to …
Young people often feel disengaged from the political process and powerless to bring about change. However, history shows us that successful movements have often had youth at the forefront, leading the charge for social justice. In this lesson, students will examine historical and current examples of various movements and protests driven by youth, in the hope that young people will begin to develop political identities themselves.
This lesson will discuss absolute advantage, comparative advantage, specialization and trade with …
This lesson will discuss absolute advantage, comparative advantage, specialization and trade with an example using professional basketball player LeBron James.
Each of us seek to make wise investment decisions that will make …
Each of us seek to make wise investment decisions that will make our money grow. Unfortunately, we cannot predict the future, but the past can give us a window to understanding the risks and rewards of investing in the stock market. This lesson will track the history of a Dow Jones 30 stock and enable to student to calculate the return on his investment. Students will track the price history of selected stocks on the Dow Jones 30. Students will describe how inflation, transaction costs, and taxes impact returns.
The concepts of supply and demand and related terms are taught through …
The concepts of supply and demand and related terms are taught through stories about the toy fads of Hula Hoops and Silly Bandz. In 1958, Wham-O, Inc. began marketing the Hula Hoop in the United States and sales of the Hula Hoops sky-rocketed as over 25 million were sold in the first few months, within the year over 100 million. Similarly today, Silly Bandz has taken off in sales since the summer of 2008.
In this lesson, students will explain why they cannot have everything they …
In this lesson, students will explain why they cannot have everything they want because of scarcity and explain how all choices have costs. An interactive poem is included and discussion questions.
The Inuit people of northern Canada provide an example of a traditional …
The Inuit people of northern Canada provide an example of a traditional economy. For thousands of years, Inuit parents have taught their children the survival skills needed to survive in the Arctic Circle's severe climate. Students will research the Inuit economy and compare and contrast it with the United States' market economy.
Role playing as fashion merchants or purchasing agents, students will analyze market …
Role playing as fashion merchants or purchasing agents, students will analyze market scenarios to determine their effect on the demand and price for the identified product. Students will determine the relationship beween a change in demand and a change in price.
Students will list characteristics associated with an entrepreneur, which will be used …
Students will list characteristics associated with an entrepreneur, which will be used to create a definition of an entrepreneur. Using their definition students should be able to identify an entrepreneur and explain why the entrepreneur is an entrepreneur and explain the difference between an entrepreneur and an intrapreneur.
Students will understand what businesses are, that a marketplace exists whenever buyers …
Students will understand what businesses are, that a marketplace exists whenever buyers and sellers exchange goods and services, and that there is competition in the market place if you have more than one seller of the same item or similar items.
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