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Great Economics Lessons

Here are some great online economics lessons--all levels and content areas keyed to the Nebraska Social Studies/Economics Standards. If you know the concept you want to teach, start from the K-5 concepts list or the 6-12 concepts list. Materials from which to create more lessons are available from the Virtual Economics Companion. If you have problems or would like to provide feedback, email us or use our guestbook.

Level Lesson
Concepts    Lesson Description    Content Areas Nebraska Standards National Standards
Grades: 1-3 Everyday Opportunities Opportunity Cost EconEdLink: In this lesson, students will learn about choices and opportunity costs that occur every day. While this lesson will go on throughout the day, the actual lesson is short. economics NE Standards: SS 2.2.1 US Standard: 1,4;
Benchmarks: 0
Grades: 1-3 If you Give a Mouse a Cookie Goods and Services A little mouse shows up at a young man's house. The young man gives the mouse a cookie and starts a chain of events. Learn about unlimited wants, and goods and services. . ©SPEC Publishing. Language Arts NE Standards: SS 1.2.1 US Standard: 1, 3;
Benchmarks: 1, 2, 3, 4, 5, 6, 7
Grades: K-2 Why We Save Saving, Spending Lesson 8, Personal Finance Economics K-12: Pocketwise. (PDF Format) Copyright ©1996, Council for Economic Education, New York, NY 10036. Used with permission. Personal finance NE Standards: SS 0.2.1, 1.2.6 US Standard: 1, 2, 5, 11;
Benchmarks:
Grades: K-2 Every Penny Counts Spending, Budget, Choice, Decision Making, EconEdLink: Children and adults, confronted by a multitude of tempting consumer products, must learn to evaluate the options available to them. But how does one spend money wisely? Economics, Personal Finance NE Standards: SS 0 US Standard: 1, 2;
Benchmarks: 0
Grades: 3-5 The Colonial Workers Web: Lesson 11 consumers/consumption, goods and services, interdependence, producers/production, specialization EconFun: Students will participate in an activity to explore how workers, both today and in colonial times, worked within their societies to produce specialized goods and services and became interdependent. Lesson 11 from Adventures in Economics and U.S. History, Volume 1. Economics,history NE Standards: SS 1.2.1, 4.2.12 US Standard: 6;
Benchmarks: 0
Grades: 3-5 Money Doesn't Grow on Trees Income This lesson introduces students to four ways people get money—they find it, win it, receive it as a gift or earn it. Finding, winning and receiving money often depend on chance and luck. Most people get money by earning it. EconEdLink: Students explore allowances and doing work for pay as sources of extra money to buy something they want. They also differentiate between earned and unearned income. This lesson can be used alone or in combination with the lesson 'I Can Be an Entrepreneur.' Economics, Personal Finance NE Standards: SS 0 US Standard: ;
Benchmarks: 11,13
Grades: 3-5 I Have No Money; Will you Take Wampam? barter/trade,money/exchange,goods and services EconEdLink: Through the use of folk tales, history, and the students' own experiences, students will recognize the inter-relatedness of goods, services, money. They will locate information about barter as a means of trade, use folk tales as an historical instrument. Economics NE Standards: SS 1.2.1 US Standard: 6,11;
Benchmarks: 0
Grades: 3-5 Those Golden Jeans Equilibrium Price, Demand, Supply EconEdLink: This lesson is designed to review the three types of productive resources-natural resources, human resources, and capital resources-needed to produce goods and services. Students use the internet to identify examples of each - first in the production of pizza, then the mining of gold during the California gold rush. Economics, Personal Finance NE Standards: SS 0 US Standard: 7, 8;
Benchmarks: 0
Grades: 3-5 Why Do I Want All This Stuff? Demand, Consumers/Consumption Lesson 4, Personal Finance Economics 3-5: Smart Saving and Spending. Copyright ©1996, Council for Economic Education, New York, NY 10036. Used with permission. Personal Finance NE Standards: SS 4.2.1 US Standard: 2, 7, 8;
Benchmarks:
Grades: 3-5 Jobs: Who Needs 'Em? trade-offs, unemployment, trade-off EconEdLink: In this lesson students will look at the importance having some kind of job, at the consequences of having a job, having a non-paying job (like a stay-at-home mom), and having no job (whether it's intentional or not). economics, NE Standards: SS US Standard: 19;
Benchmarks: 0
Grades: 3-5 Car Shopping economic systems, incentives, prices EconEdLink: Contrary to US methods of distribution (namely prices), the Soviet Union used different methods of distribution of its goods during the reign of Communism. This lesson will explore the benefits and consequences of each of those methods of distribution. Economics NE Standards: SS US Standard: 3,4;
Benchmarks: 0
Grades: 3-5 Where Did You Come From? exports,imports,interdependence,specialization EconEdLink: In this multiple intelligences lesson the students figure out why the United States imports some goods that we can grow right here! Economics NE Standards: SS 4.2.12 US Standard: 6;
Benchmarks: 0
Grades: 4-6 Popcorn Economics Scarcity Lesson using popcorn to teach, and to help students experience, scarcity. Lesson by Mary Suiter, adapted from a lesson found in Kaleidascope, USA. Published by the Center for Entrepreneurship and Economic Education, UM-St. Louis. Economics NE Standards: SS 0.2.1 US Standard: 1;
Benchmarks:
Grades: 4-6 The Real McCoy* Productivity, Entrepreneurs Elijah McCoy was an African-American inventor who successfully designed an automatic oil cup that may have inspired the popular phrase, "the real McCoy." Learn about increasing productivity and patents. ©SPEC Publishing. Language Arts NE Standards: SS 8.2.1 US Standard: 12, 13, 14, 15;
Benchmarks: 1, 2
Grades: 4-6 Homer Price (the Doughnuts)* Resources-Natural/Human/Capital, Factors of Production, Productivity The doughnut machine goes on a rampage making hundreds of doughnuts. Learn about capital resources, increasing productivity, law of demand, quantity demanded, and Language Arts: using reference materials, oral expression, organizing and sequencing information. ©SPEC Publishing. Language Arts NE Standards: SS 8.2.1 US Standard: 1, 7;
Benchmarks: 1, 2, 3, 4

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