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Nebraska Economics

Resources for Teaching Economics & Personal Finance in Nebraska

Grades K-5
-K-5 Standards / Concepts / Lessons
-Suggested Evidence of Student Learning k-5
-Teaching Ne History and Economics grades 4-5
-Federal Reserve Materials for K-5 Standards
Grades 6-8
-6-8 Standards / Concepts / Lessons
-Suggested Evidence of Student Learning 6-8
-Suggested units covering the 6-8 standards for social studies
-Federal Reserve Materials for 6-8 Standards
Grades 9-12
-9-12 Standards / Concepts / Lessons
-Essays: Economics Concepts for all HS Graduates
-Business Semester Courses: Business Economics, Macro, Micro, Wealth Building, Personal Finance.
-Federal Reserve Materials for 9-12 Standards

Four Key units covering NE SS standards in Economics

Grades 6-8 (All lessons are on the Virtual Economic CD available from the Nebraska Council on Economic Education. Lessons are found in the curriculum guides in bold underline.)

Unit 1: Producers, Consumer and Markets (SS8.2.1, SS8.2.2)

    Key concepts: Producers, Consumers, Productive Resources, Demand, Supply, Profit, Entrepreneurs

  • Focus: Middle School Economics.
  • Unit 2 Lesson 3 "To Market, Which Market?" Markets as places where goods and services are exchanged; students identify local markets.
  • Unit 2 Lesson 4 "How Much will you buy?" Construct simply demand schedule and graph; discuss law of demand Unit 2 Lesson 5 "Demand Shifters" Students look for reasons demand for goods and services change besides price Unit 2 Lesson 6 "Inflation" Classroom activity to show what happens to prices when money supply increases
  • Unit 3, Lesson 7 "Terrific T's Company: Production Decisions" Students look at what goes into producing a product and what happens when things change
  • Unit 3, Lesson 8 "How Many Should we sell?" Discussion of the relationship between price and the quantity producers will make
  • Unit 3 Lesson 9 "The Profit Puzzle" Calculating level of profit from varies products for sale.
  • Focus: Middle School World History
    Lesson 19 "What's the Big Deal about Spices?" Activity working with spices to determine prices and compare past and present

Unit 2: Economic Systems (SS8.2.3, SS8.2.4, SS 8.2.5)

    Key Concepts: Traditional, Command, Market Systems, Role of Government, Private property, Economic Institutions
  • Focus: Middle School World History
  • Lesson 11 "Economic Systems of the Incas and Aztecs" Activity showing characteristics of command and market and basic systems questions
  • Lesson 14 "The Economic System of Medieval Europe" Activity reviews 3 systems and explores role of incentives
    Roosters to Robots
  • Lesson 4 "What, How and For Whom to Produce"
    Activity showing the difference between command and market system
    Middle School World Geography: Focus on Economics
  • Lesson 5 "Economic Freedom, How Important is it?" Comparing economic freedom in various countries and the standard of living, GDP

Unit 3: Role of Government in the Economy (SS8.2.10, SS8.2.11)

    Key Concepts: Public goods, taxes
    From Old MacDonald to Uncle Sam
  • Lesson 2 "Goods and Services, Some are Private, Some are Not" Analyze goods and services available in community and who provides them
  • Lesson 4 "Uncle Sam's Checkbook" Activity looks at 4 major areas of government spending and what taxes support them
    Focus: Middle School Economics
  • Unit 4 Lesson 10 "Where does the Money Go?" Categorize federal spending and calculate the percentage of spending
  • Unit 4 "Where does the money come from?" Type of taxes and what they are used for

Unit 4: Trade (SS.2.12, SS8.2.13)

    Key concepts: specialization, voluntary trade, benefits of trade, imports, exports
    The Wide World of Trade
  • Lesson 6 "Trading Connections" Activity demonstrating the benefits of trade
    Roosters to Robots
  • Lesson 5 "Clothes from Grain: Miracle or Problem?" Fables show why people trade and analyze cost and benefits of trade polices

Use the lessons above and links on the left to find information and classroom lessons to help you teach these new economics related NE social studies standards.

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