VOLUME
5 ISSUE 4
August 2004
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Featured Lessons:
Little Bill the Producer!
This lesson teaches the most basic vocabulary
about production. People who make goods and
provide services are called producers. This
lesson only deals with the student making
something (not identified with being a good),
and that people are human beings. In this
story Little Bill and Alice the Great produce a
book about Dr. Martin Luther King.
This
lesson is written for K-2 students
and the teacher version can be found at the following web address:
www.econedlink.org/lessons/index.php?lesson=EM564&page=teacher
Those Golden Jeans
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.
This lesson is written for 3-5 students
and the teacher version can be found at the following web address:
http://www.econedlink.org/lessons/index.php?lesson=EM557&page=teacher
Demand Shifters
In this lesson students learn about demand and
factors that cause demand for a good or service
to change. They also learn to recognize factors
that influence their behavior as a consumers.
This
lesson is written for 6-8 students
and the teacher version can be found at the following web address:
www.econedlink.org/lessons/index.php?lesson=EM550&page=teacher
Price Elasticity: From Tires to Toothpicks
Students gain an understanding of price
elasticity of demand and why different goods
have different degrees of elasticity. Students
learn how to calculate price elasticity of
goods.
This
lesson is written for 9-12 students
and the teacher version can be found at the following web address:
www.econedlink.org/lessons/index.php?lesson=EM551&page=teacher
College: Where am I going to go?
Students will use a P.A.C.E.D. decision making grid
to help them decide where they would like to
attend college.
and the teacher version can be found at the following web address:
www.econedlink.org/lessons/index.php?lesson=EM463&page=teacher
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Visit the GATE web site
GATE is a new national and international membership organization sponsored by the National Council on Economic Education exclusively for K-12 teachers and others who are interested in economic and financial education. For more information and application visit: www.ncee.net/gate/
2004 National Council on Economic Education / National Association of Economic Educators Annual Conference For more information visit the conference web site at www.ncee.net/conference/ Frequently Asked Economic Questions A. This is best understood by looking at a Production Possibilities Frontier.
If a country is producing at any point along its production possibilities curve X1 to X2 on such as points A or B, it is using all of its resources efficiently and completely. In other words there are no idle machines, no unemployed labor, no empty factories. Suppose that this country is currently producing at point B on curve X1 to X2. If this country wanted to reach point C, lying along curve Y1 to Y2 which is outside its current production possibilities, it would need to either create new technology, develop new resources or engage in international trade. If the country chooses to develop new resources it could move to point A. In doing so the country would have to move labor, machines and factories from the production of consumer goods into the production of capital goods (new resources). Thus the country would have to give up the current level of production of consumer goods in order to produce more capital goods, enabling the later production of both more consumer and more capital goods at a point like C. More answers to Frequently Asked Economic Questions can be found at www.econedlink.org/cyberteach/faq.cfm MarcoGram from the MarcoPolo Education Foundation To view the latest MarcoGram, click on this link. To receive MarcoGrams by e-mail each month, subscribe here. |
National Council on Economic Education
1140 Avenue of the Americas
New York, NY 10036
Phone: 212-730-7007 | Fax: 212-730-1793 | www.ncee.net
Leading the charge for economic & financial literacy for 55 years
The National Council on Economic Education (NCEE) is a nationwide network that leads in promoting economic literacy with students and their teachers. NCEE's mission is to help students develop the real-life skills they need to succeed: to be able to think and choose responsibly as consumers, savers, investors, citizens, members of the workforce, and effective participants in a global economy.