Economics

Economics includes the study of production, distribution and consumption of goods and services. Students need to understand how their economic decisions affect them, others and the nation as a whole. The purpose of economic education is to enable individuals to function effectively both in their own personal lives and as citizens and participants in an increasingly connected world economy. Students need to understand the benefits and costs of economic interaction and interdependence among people, societies, and governments.
 * Big Idea: Economics**

Useful Resources [|Council on Economic Education]

Federal Reserve Resources
 * Fifty Nifty Econ Cardsinfo, request a set of cards here
 * [|See the Cards]

Federal Reserve Bank Lesson Plans for Teachers

[|ECON Ed Link] - Check out free economic lessons with a US History focus from the National Council on Economic Education
 * [|I Have No Money, Would You Take Wampum?]
 * [|Economic Spotter: Trade in Colonial History]
 * ECON Ed Link : Trouble is Brewing in Boston -[| "Colonial Voices: Hear Them Speak"]
 * [|Economic Spotter: Money in Revolutionary Times]
 * [|Economic Spotter: Scarcity with the Lewis and Clark Expedition]
 * [|Economic Spotter: Supply and Demand at the Gold Rush]
 * [|Laura Ingalls Wilder's Frontier Town]
 * [|Economic Spotter: Inventors and Entrepreneurs During the Industrial Age]
 * [|Economic Spotter: Resources During World War II]

[|Economic Decision Making]

James Madison University Center for Economic Education lesson plans

[|Teaching K-5 Economic Concepts] - Economic Education Web (plans based on the national standards)

Watch the video [|Making Bread on Learner.Org.] The video shows how a kindergarten teacher helps students learn production concepts using an assembly line to make bread.

Children's Literature for Understanding Economics for K-6 Teachers (Over 600 annotated book suggestions for teaching economic concepts) []

Using Play Dough to Teach Economic Concepts: An elementary class simulates supply and demand and opportunity cost media type="youtube" key="EWj2kD4WzOY" height="315" width="420"

[|Sample Play Dough Economics Lesson Plan]