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Economic Indicators for Informed Citizens

Newly updated! This lesson introduces students to three basic economic indicators: real GDP, the inflation rate, and the unemployment rate....
Key Concepts: Consumer Price Index (CPI), Employment and Unemployment, Gross Domestic Product (GDP)…

Sand Art Brownies

In this lesson, you will learn about substitute goods. You will have choices to make in your role as a...
Key Concepts: Decision Making/Cost-Benefit Analysis, Scarcity

What Do People Want to Wear?

To stay in business, fashion merchandisers must be able to anticipate what consumers want. By looking at different retail websites,...
Key Concepts: Demand, Markets and Prices

One is Silver and the Other's Gold

Students learn about the money supply and that it can affect the value of money. Students investigate this in the...
Key Concepts: Economic Institutions, Fiscal Policy, Markets and Prices…

Inventive Incentive

There are many ways in which people are rewarded or penalized for doing, or not doing, their work. These are...
Key Concepts: Choice, Incentive

Buying vs. Renting

Have you given any thought to where you will live when you are "on your own" - out in the...
Key Concepts: Budgeting, Consumers, Decision Making/Cost-Benefit Analysis…

Save the Moonflowers

Margaret Mee (1909-1988) was a botanical artist who often traveled up the Amazon River alone in search of rare flowers...
Key Concepts: Goods and Services, Markets

Bill, Are You Bogus?

In a barter system, people have to trade goods and services for other goods and services. In an economy that...
Key Concepts: Goods and Services, Money, Trade, Exchange and Interdependence

I Have No Money, Would You Take Wampum?

Through the use of folk tales, history, and the students' own experiences, students will recognize the inter-relatedness of goods, services,...
Key Concepts: Goods and Services, Money, Trade, Exchange and Interdependence

Economic Forecasting: An Internet WebQuest

Economics is often called the "science of decision making." The decisions that economists analyze range from personal decisions such as...
Key Concepts: Decision Making/Cost-Benefit Analysis, Employment and Unemployment, Fiscal Policy