Credit cards are convenient, user friendly, and at times dangerous. In this lesson students learn the joys and dangers of using credit as they help Credit, the main character in this activity, solve her credit problems.
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.
In any economic system, people must decide what to produce, how to produce it, when to produce it, and who will get it. This lesson looks at the "when" question. In particular, if society has only a finite amount of some resource, when should that resource be used -- today, tomorrow, or not at all? This problem is sometimes called the "cake-eating" problem: given a cake (with good preservatives!), what is the best way to eat it? All at once? A little each day? or by some other pattern of consumption? In this lesson students learn how people making decisions in the market for a nonrenewable resource decide when the resource will be used. After reviewing the news around Clinton's Africa visit and his focus on environmental issues in Botswana, they are introduced to the "when" question with a spring holiday variation of the 'cake-eating' problem. The snacks described in the problem are then used to demonstrate how a market for a nonrenewable resource works.
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.
Use this DVD program to show students how to live healthy, wealthy and risk-free.
10 out of 12 lessons from this publication relate to this EconEdLink lesson.
This publication contains complete instructions for teaching the lessons in Capstone. When combined with a textbook, Capstone provides activities for a complete high school economics course. 45 exemplary lessons help students learn to apply economic reasoning to a wide range of real-world subjects.
10 out of 45 lessons from this publication relate to this EconEdLink lesson.
This publication helps students analyze energy and environment issues from an economics perspective.
6 out of 10 lessons from this publication relate to this EconEdLink lesson.