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Calendar Item: Boston Blaze Felt In New York on November 11, 1872


Opportunity Cost

Consumers are faced with tough choices because so many innovative and exciting products and services are available. Therefore, engraining a decision-making process that includes considering of opportunity cost is necessary to shape future consumer behavior.

Grades: 9-12
Published: 01/03/2012

One is Silver and the Other's Gold

Students learn about the money supply and that it can affect the value of money. Students investigate this in the 1896 presidential election (Bryan vs. McKinley, Free Silver vs. Gold Standard) and examine a political cartoon that depicts how some people felt about this issue. Students answer questions about what they would do with more money and what might happen if the money supply increases.

Grades: 9-12
Published: 03/26/2003

Marketplace: The Argentina Barter Fair

In April 2002, Argentina's economic situation seemed to be getting worse and worse. Banks closed for nine days before reopening on April 29, 2002. How did Argentinians function during that time? Amy Radil of NPR reported on the flourishing barter economy that sprung up through necessity. Her report provides background information for the students in this lesson as they examine inflation, barter systems, and the use of currency.

Grades: 9-12
Published: 12/23/2008

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.


Risky Business DVD

Use this DVD program to show students how to live healthy, wealthy and risk-free.

Grades: 9-12
Published: 2007

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

Focus: Understanding Economics in U.S. History

Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.

Grades: 9-12
Published: 2006

2 out of 40 lessons from this publication relate to this EconEdLink lesson.

Economics in Action: 14 Greatest Hits for Teaching High School Economics

Economics in Action combines 14 favorite CEE simulations, role-playing activities, group activities and classroom demonstrations in one volume.

Grades: 9-12
Published: 2003

2 out of 14 lessons from this publication relate to this EconEdLink lesson.