Related Lessons

Lesson: Old Business, New Business

Lean on Me -- We depend on each other!

The purpose of this activity is to demonstrate that the production of most goods can be broken down into a number of specific tasks (division of labor), with each of these tasks assigned to specific workers (specialization.)

Grades: 3-5
Published: 08/22/2003

Open for Business!

This engaging lesson gives students the opportunity to identify risks and rewards of entrepreneurship and distinguish between entrepreneurs who start a business to produce a good or provide a service.

Grades: 3-5
Published: 08/13/2014

Hawaiian Economics: Barter for Fish & Poi

In ancient Hawaii, chiefs managed the economy by creating a land division system, the Ahupua'a, which divided the islands into pie slice shapes. Each Ahupua'a covered the three main regions of the islands: the mountains, the valleys, and the beach. This system was designed to allow all Hawaiian communities equal access to the limited natural resources of the islands. However, it took a lot of time and energy to gather and grow all these resources, which were often spread out over great distances and located at different elevations. Many Hawaiians began to specialize in fishing and farming, and soon there was a need for Hawaiians to trade with one another to receive items they were no longer growing or gathering for themselves.

Grades: 3-5
Published: 11/10/2003

Related Publications

The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.

Teaching Economics Using Children's Literature

This interdisciplinary curriculum guide helps teachers introduce their students to economics using popular children's stories.

Grades: 3-5
Published: 2006

12 out of 29 lessons from this publication relate to this EconEdLink lesson.

Choices and Changes: In Life, School, and Work - Grades 5-6 - Teacher's Resource Manual

This publication contains complete instructions for teaching the lessons in Choices and Changes, Grades 5-6. The Choices and Changes series is designed to help students understand how the U.S. economy works and their roles in the economy as consumers, savers and workers.

Grades: 5-6
Published: 2001

1 out of 15 lessons from this publication relate to this EconEdLink lesson.

Playful Economics

Designed primarily for elementary and middle school students, each of the 15 lessons in this guide introduces an economics concept through activities with modeling clay.

Grades: K-8
Published: 2011

1 out of 17 lessons from this publication relate to this EconEdLink lesson.