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Teach About Scarcity with "The Mitten"

This is a folktale retold by Jan Brett about a little boy whose grandmother knits him a pair of snow...
Key Concepts: Allocation 1, Allocation 2, Allocation 3…

Cowboy Bob Builds a Community

A cowboy rides into a ghost town and decides that it needs to be rebuilt. Students will select the necessary...
Key Concepts: Roles of Government

Jobs: Who Needs 'Em?

In this lesson, students will look at the importance having some kind of job. At early ages they sometimes get...
Key Concepts: Employment and Unemployment, Trade-offs among Goals

Funny Money or Phony Money?

Money is what we use to show what goods or services are worth. When you do work, you are paid...
Key Concepts: Markets and Prices

How Labor Got Its Day

If you asked students what comes to mind first when they think of Labor Day, what do you think they...
Key Concepts: Division of Labor/Specialization, Economic Institutions, Goods and Services…

The Civil War: A War of Resources

The North won the Civil War in large part due to its superior resources. In this lesson students will learn...
Key Concepts: Division of Labor/Specialization, Goods and Services, Resources

What Happened to Railroads?

Between the Civil War and World War II, railroads were one of the nation's most important businesses and an integral...
Key Concepts: Business Costs and Revenues, Credit, Decision Making/Cost-Benefit Analysis…

Banks & Credit Unions (Part I)

Students learn about banks and credit unions, identifying similarities and differences between the two types of financial institution. They also...
Key Concepts: Balance of Trade and Balance of Payments, Budgeting, Decision Making/Cost-Benefit Analysis…

The Higher you Climb, The More You Pay

Students will take a "Virtual Tour" of the Eiffel Tower in Paris France and locate the price of a bottle...
Key Concepts: Barriers to Trade 2, Choice, Circular Flow 1…

It's a Not So Wonderful Life

In this lesson students learn about banks and banking. The study the fractional reserve system, and the role the Fed...
Key Concepts: Economic Institutions, Markets and Prices, Money…

The Color of Resources

This lesson will demonstrate the making of Crayola products to introduce natural, capital, and human resources as well as touching...
Key Concepts: Resources

The Price of Gasoline: What's Behind It?

In this lesson, students investigate the variables that contribute to the cost of gasoline. They learn that while OPEC nations...
Key Concepts: Demand, Division of Labor/Specialization, Goods and Services…