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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/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;
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: 1-3 The Goat in the Rug* Producers/Production,Resources-Natural/Human/Capital Geraldine, a goat, tells the story of a Navajo weaver who produces a rug using the goat's mohair. Learn about economics: producers, resources (natural, human, capital), intermediate goods; and Language Arts: Categorizing, sequencing, noting details, writing personal narrative. ©SPEC Publishing. Language Arts NE Standards: SS 3.2.2, 4.2.2, 2.2.2 US Standard: 1, 3;
Benchmarks: 9, 10, 11, 12, 14, 15, 73
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;
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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