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Curated OER
Benjamin Franklin: Goods and Services in Colonial America
Fifth graders examine the impact of Benjamin Franklin's ideas on the goods and services available in Colonial America as well as analyze the importance of Franklin to modern society. While listening to "How Ben Franklin Stole the...
Texas Education Agency (TEA)
Production, Distribution, and Other Business Operations
It's all good! Using the informative resource, scholars learn about the difference between goods and services. After researching inventions that have changed lives for the better, partners work together to design a service or product...
Curated OER
Rationing Scarce Goods and Services
High schoolers examine the concept of scarcity. They list ways in which they can all get a piece of a good or service. They discover the concept of scarcity and discuss.
Carolina K-12
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in producing a car and using that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources, and...
Curated OER
Goods and Services
Second graders demonstrate their understanding of goods and services through group presentation. In this simplified economics lesson, 2nd graders are divided into groups representing a particular market. They then create posters with...
Rice University
Principles of Macroeconomics for AP® Courses 2e
The informational textbook covers topics like supply, demand, price ceilings, and markets for goods and services. Scholars also review vocabulary and test their knowledge of the material with the assessments provided within the...
Curated OER
Life of a Dollar Bill
Students examine the basic need for money and the circular flow of resources between households, businesses, government, and financial institutions. They discover how money gets into circulation and how it facilitates the production of...
Council for Economic Education
Production Possibilities Curve
Demonstrate the important economic principles of the production possibilities curve, including how to calculate opportunity cost and graph curves by using a table or calculation. Learners use a variety of methods, including videos,...
Carolina K-12
Practice Test of Economics
From scarcity and supply and demand to entrepreneurship and the stock market, here you'll find a multiple-choice assessment that includes 34 questions covering all the major concepts of a traditional economics course.
Curated OER
Economic Decisions
Students practice decision-making skills by planning vacation, including all proposed expenses. Students distinguish between needs and wants, identify difference between goods and services, and describe economic resources used in...
Council for Economic Education
The Economics of Income: If You’re So Smart, Why Aren't You Rich?
If basketball players make more than teachers, why shouldn't learners all aspire to play in the NBA? Unraveling the cost and benefits of education and future economic success can be tricky. Economic data, real-life cases, and some...
Federal Reserve Bank
Measuring the Great Depression
Young historians examine the cost of goods and services through the Consumer Price Index (CPI), output measured by Gross Domestic Product (GDP), and unemployment measured by the unemployment rate to gain an understanding of the economic...
Federal Reserve Bank
Arts and Economics Infographic Questionnaire
How do careers in the arts contribute to America's gross domestic product? Use an informative infographic that details the economic details of careers in the core arts, including design services, performing arts, and arts education, to...
Curated OER
Comparison of Economic Systems
Here is a worksheet in which learners identify and compare economic systems (market, command, mixed, etc.) with 18 fill-in-the-blank questions and a graphic organizer.
Federal Reserve Bank
Wants on a Continuum
You can't always get what you want, but you might just be able to teach your class about wants and choices. This plan leads pupils through a discussion and closes with a worksheet and assessment.
Curated OER
Native Americans and Natural Resources
North American Indian civilizations had already been in place for over 10,000 years before the arrival of European settlers. Introduce your young historians to Indian tribes that lived in the Chesapeake region in the...
Council for Economic Education
Specialization and the Decathlon
Michael Phelps, the economist? Scholars research the economic advantages of specializing in one kind of service, and how it relates to athletes doing the same in their respective sports. They evaluate absolute advantage, production, and...
Global Oneness Project
Deconstructing Consumerism
To increase awareness and launch a discussion of consumerism, class members view What Would It Look Like, a 25 minute film of images that capture the global effects of the consumption of goods. Viewers make a list of the images that...
Curated OER
If You Give A Mouse A Cookie: A Lesson In Economics
Students explore the concept of cause and effect as it relates to economics through the story "If You Give A Mouse A Cookie." Students discuss simple cause and effect relationships and make predictions according to the story. They...
English Enhanced Scope and Sequence
Research Project Embedded with Media Literacy
Here is a phenomenal language arts lesson on media literacy for your middle and high schoolers. In it, learners produce a research product in the form of a public service announcement (PSA). First, they view examples of these PSA's to...
Curated OER
Taxi: A Book Of City Words
First graders engage in a literature study that helps them to focus on the concepts of goods and services. They describe the various skills people may need at home, school, and work. Students create a map of businesses found in the city.
Curated OER
Goods for You!
Have your class learn about Wisconsin and farming. Learners begin by listening to stories that describe farming and engage in a discussion of goods and services. They could also compare the goods and services provided in different states.
Federal Reserve Bank
GDP: Does It Measure Up?
Here is resource that offers a very clear explanation for how economists measure economic growth by comparing real GDP over time. There is also an additional worksheet that details the expenditure method and four components for...
Federal Reserve Bank
Messy Bessey's Holidays
Teach your class some fairly complex terms—factors of production, human resources, capital resources, natural resources, and intermediate goods—with a storybook (Messy Bessey's Holidays), plenty of visuals and handouts, and related...