EconEdLink Update

April 2009

Council for Economic Education

In this issue:

Featured Lessons:

Other Areas of Interest:

Featured Lessons:

Funny Money or Phony Money?
Money is what we use to show what goods or services are worth. When you do work, you are paid with money. When you sell something, the buyer gives you money. Sometimes it's a lot of money and sometimes it's just a little money. How much money you are given depends on how much what you are selling is worth. Some people try to make fake money. Making fake money is a crime called counterfeiting. Only one place in America makes money; it is called the United States Bureau of Engraving and Printing.

This lesson is written for K-2 students and can be found at the following web address:

Jobs: Who Needs 'Em?
In this lesson, students will look at the importance having some kind of job. At early ages they sometimes get the idea that money grows on trees and they should get anything that they want. This lesson will look 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). By the time they finish this lesson, they will have a better understanding of the economic impact of good, hard work.

This lesson is written for 3-5 students and can be found at the following web address:

What Is Money? Why Does It Have Value?
In this lesson, students consider the fact that the value of money differs depending on where the money is being spent. In order to understand this idea, students will first develop a deeper understanding of what it means for money to have a value. They will then consider that different goods and services cost different amounts of money in different regions of the world. Finally, students develop an understanding that the value of a dollar is determined by where the dollar is spent.

This lesson is written for 6-8 students and can be found at the following web address:

Focus on Economic Data: U.S. Employment and the Unemployment Rate, April 3, 2009
This lesson examines the April 3, 2009, U.S. Department of Labor, Bureau of Labor Statistics, announcement of employment data and the unemployment rate for the month of March 2009. This lesson introduces the basic concepts of the BLS employment and unemployment data. The meaning and importance of the data are discussed. Assessment exercises are included for reinforcing knowledge of the concepts.

This lesson is written for 9-12 students and can be found at the following web address:

Other Areas of Interest:

Celebrate Financial Literacy Month

Personal Finance
The Council for Economic Education envisions a world in which people are empowered through economic and financial literacy to make informed and responsible choices throughout their lives as consumers, savers, investors, workers, citizens, and participants in our global economy.

EconEdLink provides many personal finance resources for teachers, parents and students. We have collected those resources and are displaying a link to them during Financial Literacy Month. The link is on the EconEdLink homepage at

This page can be found at:

A Name Change for Case Studies
Focus on Economic Data:

One of the categories for lessons on EconEdLink has focused on the national economic indicators. The title for these lessons has been adjusted to reflect the current direction for these lessons. They will be entitled Focus on Economic Data: (and than the economic indicator and date of the announcement). Our direction for these lesson will be to provide a Focus on Economic Data lesson for the following indicators: U.S. Employment and the Unemployment Rate, U.S. Real GDP Growth, The Federal Reserve and Monetary Policy, and the Consumer Price Index and Inflation on a regular basis. We will also have the past lessons available for your students to compare the present indicators with the past indicators.

We feel that the new format will create a dynamic series of lesson to help your students explore and understand the impact that the national economic indicators have on society.

To explore the most recent Focus on Economic Data lessons visit:

New Name and Look - Same Vital Mission and Work!

Council for Economic Education
To advance our leadership role in the field of economic and financial education, the National Council on Economic Education has changed their name and look to the Council for Economic Education.

Over the last decade, NCEE has developed a world-class, comprehensive K-12 program of teaching materials, teacher professional development programs, and assessments in economics, personal finance, and entrepreneurship education, designed to be used across the curriculum.

Like our programs, the NCEE is evolving as well. In support of our efforts to continue to expand our global reach, we invite you to join us in celebrating our new name, the Council for Economic Education, which best defines our work today and into the future.

More information visit:

2009 Annual Conference
Washington DC Hyatt

Council for Economic Education/
National Association of Economic Educators/
Global Association of Teachers of Economics

October 7-10, 2009 
Hyatt Regency Washington on Capitol Hill,
Washington, D.C.

You'll have the opportunity to attend hands-on sessions focused on EconEdLink.

Mark your calendar so that you will not miss this opportunity.

More information visit:

Edited by John LeFeber,
Curriculum and Instructional Developer
Council for Economic Education
Lincoln NE Office
215 N. 8th Street, Suite 215
Lincoln, NE 68508

Phone: 402.438.6921 | Fax: 402.438.6867 | Email:
Council for Economic Education EconEdLink Thinkfinity
The Council for Economic Education offers comprehensive, best-in-class K-12 economic and personal finance education programs, including the basics of entrepreneurship, consisting of teaching resources across the curriculum, professional development for teachers, and nationally-normed assessment instruments. Each year, the Council's programs reach more than 150,000 K-12 teachers and over 15 million students in the United States and in more than 30 other countries. These programs are delivered through a diversified system: directly from the Council, through a network of affiliated state Councils and university-based Centers for Economic Education, and through other partner organizations. EconEdLink is a program of the Council for Economic Education and a member of the Thinkfinity consortium. EconEdLink provides a premier source of classroom tested, internet-based economic lesson materials for K-12 teachers and their students. EconEdLink continues to offer content based interactives that enhance more 606 lessons, and assist students as they explore economic concepts.