Lesson Plan
Curated OER

Benjamin Franklin: Goods and Services in Colonial America

For Teachers 5th
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...
Lesson Plan
Texas Education Agency (TEA)

Production, Distribution, and Other Business Operations

For Teachers 9th - 11th
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...
Lesson Plan
Curated OER

Rationing Scarce Goods and Services

For Teachers 9th - 12th
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.
Lesson Plan
Carolina K-12

Factors of Production and Economic Decision-Making

For Teachers 10th Standards
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...
Lesson Plan
Curated OER

Goods and Services

For Teachers 2nd
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...
eBook
Rice University

Principles of Macroeconomics for AP® Courses 2e

For Students 9th - Higher Ed
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...
Lesson Plan
Curated OER

Life of a Dollar Bill

For Teachers 4th - 8th
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...
Lesson Plan
Council for Economic Education

Production Possibilities Curve

For Students 9th - 12th Standards
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,...
Assessment
Carolina K-12

Practice Test of Economics

For Students 9th - 12th Standards
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. 
Lesson Plan
Curated OER

Economic Decisions

For Teachers 11th - Higher Ed
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...
Lesson Plan
Council for Economic Education

The Economics of Income: If You’re So Smart, Why Aren't You Rich?

For Teachers 9th - 12th Standards
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...
Lesson Plan
Federal Reserve Bank

Measuring the Great Depression

For Teachers 9th - 12th Standards
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...
Lesson Plan
Federal Reserve Bank

Arts and Economics Infographic Questionnaire

For Students 9th - 12th Standards
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...
Lesson Plan
Curated OER

Comparison of Economic Systems

For Teachers 9th - 12th Standards
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. 
Lesson Plan
Federal Reserve Bank

Wants on a Continuum

For Teachers 2nd - 6th
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.
Lesson Plan
Curated OER

Native Americans and Natural Resources

For Teachers 4th - 5th Standards
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...
Lesson Plan
Council for Economic Education

Specialization and the Decathlon

For Teachers 9th - 12th Standards
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...
Lesson Plan
Global Oneness Project

Deconstructing Consumerism

For Students 9th - 12th Standards
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...
Lesson Plan
Curated OER

If You Give A Mouse A Cookie: A Lesson In Economics

For Teachers K
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...
Lesson Plan
2
2
English Enhanced Scope and Sequence

Research Project Embedded with Media Literacy

For Teachers 6th - 12th Standards
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...
Lesson Plan
Curated OER

Taxi: A Book Of City Words

For Teachers 1st
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.
Lesson Plan
Curated OER

Goods for You!

For Teachers 2nd - 3rd
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.
Worksheet
Federal Reserve Bank

GDP: Does It Measure Up?

For Students 10th - 12th Standards
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...
Lesson Plan
1
1
Federal Reserve Bank

Messy Bessey's Holidays

For Teachers K - 2nd Standards
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...