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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: K-2 Why We Save Choice, Money/Exchange, Saving, Spending, Opportunity cost 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 1.6, 1.7,1.8 US Standard: 1, 2, 5, 11;
Benchmarks:
Grades: 1-3 The Goat in the Rug* Producers/Production, Resources-Human/Natural/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 1.6, 1.7 US Standard: 1, 3;
Benchmarks: 9, 10, 11, 12, 14, 15, 73
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 1.6 US Standard: 1, 3;
Benchmarks: 1, 2, 3, 4, 5, 6, 7
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 4.8 US Standard: 2, 7, 8;
Benchmarks:
Grades: 3-5 I have no money; will you take wampam? barter/trade,money/exchange,goods and services, interdependence From 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 0 US Standard: 6,11;
Benchmarks: 0
Grades: 4-6 Homer Price (the Doughnuts)* Resources-Human/Natural/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 1.6, 1.7, 4.8, 4.9 US Standard: 1, 7;
Benchmarks: 1, 2, 3, 4
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 4.2, 4.3, 4.8 US Standard: 1, 12, 14;
Benchmarks: 1, 2
Grades: 4-6 Nebraska Entrepreneur Success Stories, Lesson 1, (PDF) Entrepreneurs Selected lesson from a curriculum guide focusing on Nebraska entreprenuers. (PDF format) Creating your Own Career: Economics Lessons for Secondary Teachers, Authors: Derry Trampe, Chuck Parker, Tammie Fischer, and Mary Lynn Reiser. ©Nebraska Council on Economic Education Economics, history NE Standards: SS 4.2, 4.3, 4.8 US Standard: 14;
Benchmarks:
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 4.8, 8.3.5 US Standard: 1;
Benchmarks:
Grades: 3-5 Those Golden Jeans demand, natural resources,shortages and surpluses,supply,surpluses shortages 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 NE Standards: SS 0 US Standard: ;
Benchmarks: 0
Grades: 3-5 The Colonial Workers Web consumers/consumption, goods and services,interdependence,producers/production,specialization From 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 0 US Standard: 6;
Benchmarks: 0
Grades: 3-5 Where Did You Come From? exports,imports,interdependence,specialization From 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 0 US Standard: 6;
Benchmarks: 0
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 0 US Standard: 19;
Benchmarks: 0
Grades: 3-5 Saturday Sancocho money/exchange,barter,wants From St. Louis FRBank: In this lesson, students listen to a story and answer questions about a family in Central or South America that barters to get the ingredients for chicken sancocho, a kind of stew. The students complete sentences that record the various trades carried out by the family to obtain all of the ingredients for the sancocho. They participate in a trading activity where they barter with each other to get the ingredients needed to make chicken sancocho and learn about the difficulties associated with barter. They use money in a second round of the trading activity to learn about money's advantages over barter. Economics NE Standards: SS 0 US Standard: 11;
Benchmarks: 0
Grades: 3-5 The Story of Jack and the Bank Stalk money,banking,exchange,interest rate,opportunity cost,currency,functions of money EconEdLink: Fairy tales have always been used to give lessons about life. The story of Jack and the Bean Stalk is a good lesson about the importance of knowing about money and banks. The story of Jack asks the question, 'What is money?' Economics NE Standards: SS 0 US Standard: 10,11;
Benchmarks: 0
Grades: 3-5 Car Shopping economic systems, incentives, price 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 0 US Standard: 3,4;
Benchmarks: 0
Grades: 4-6 Nebraska Entrepreneur Hometown Heros, Lesson 10, (PDF) Entrepreneurs Selected lesson from a curriculum guide focusing on Nebraska entreprenuers. (PDF format) Creating your Own Career: Economics Lessons for Secondary Teachers, Authors: Derry Trampe, Chuck Parker, Tammie Fischer, and Mary Lynn Reiser. ©Nebraska Council on Economic Education Economics, history NE Standards: SS 4.2, 4.3, 4.8 US Standard: 14;
Benchmarks:

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