Related Lessons

Lesson: Jobs: Who Needs 'Em?

When Gas was a Quarter!

Why do things cost so much more now than they used to? Students will find out about inflation in the United States.

Grades: 3-5
Published: 04/08/2003

Focus on Economic Data: U.S. Employment and the Unemployment Rate, November 8, 2014

This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of October, reported Nov. 7, 2014. The lesson presents the kinds of unemployment and asks students to think about what the optimal level of unemployment is and how unemployment and inflation are linked.

Grades: 9-12
Published: 11/19/2014

The ABCs of Saving

We save money to get things we can’t afford to buy now. Saving for the future requires patience but it can be worth it when we get what we want the most. Successful savings depends on three elements which are presented to students as the ABCs of saving. A is for Aim: setting a goal. B is for Bank: creating a place to put savings. C is for Coins and currency: making saving money a habit. Students participate in an activity in which they must distinquish between short-term and long-term goals. In a second activity, they discover that when they decide to save for a future goal, they are giving up the opportunity to buy something now. What they give up is their opportunity cost—the thing they wanted second most. The well-known fable about The Grasshopper and the Ants helps illustrate this point. Big Banks, Little Banks (http://???) can be used as a follow-up lesson introducing students to the advantages and disadvantages of different savings places.

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

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

2 out of 29 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

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