EconEdLink

Related Lessons

Calendar Item: CWA Created on November 8, 1933


Economic Indicators for Informed Citizens

This lesson introduces students to three basic economic indicators: real GDP, the inflation rate, and the unemployment rate. The students work in small groups to develop an economic forecast, using the three basic economic indicators. They participate in a simulation activity involving a fictional economic forecasting firm. The firm has taken on a client who wishes to start a new business and wants to know whether this is a good idea, given the current economic climate. To advise the client, the students produce a report based on research they conduct about the state of the economy, according to the three economic indicators.

Grades: 9-12
Published: 03/15/2010

The Columbian Exchange

In this lesson, students learn that the Columbian Exchange resulted in an enormous exchange of goods, resources, and institutions between the Old World and the New World and that the results of the Exchange were both positive and negative. The lesson begins with an activity in which students are divided into two groups: Old World consumers and New World consumers. Students are given food cards to keep or trade within each group, and later, among consumers from both groups. Although the expansion of trade provides students with more choices and has positive effects, some trades result in negative effects. A second activity summarizes some of the positive and negative impacts of the Columbian Exchange, some of which students experience in the first activity. A final activity describes Tenochtitlan, the capital city of the Aztec civilization that had a relatively well-developed economy in the 15th century despite the lack of capital resourcessuch as iron tools, wheels, and draft animals. The Aztecs adopted legal institutions that protected property rights and supported a market economy. The Spanish, who conquered the Aztecs in 1521, replaced these with institutions that restricted the ability of the native population of Mexico to produce and trade. Similar restrictions were imposed by European colonizers in other New World areas. Students learn that, in addition to the exchange of plants, animals, and culture, the exchange of institutions between the Old World and the New World had an important impact on the future economic growth of countries in the Western Hemisphere. 

Grades: 9-12
Published: 12/31/2011

Fewer Watts and Fatter Wallets

Students learn about incentives for alternative energy programs and the role played by non-price determinants in energy choices.

Grades: 9-12
Published: 10/31/2005

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.


Capstone: Exemplary Lessons for High School Economics - Teacher's Guide

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.

Grades: 9-12
Published: 2003

11 out of 45 lessons from this publication relate to this EconEdLink lesson.

Risky Business DVD

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

Grades: 9-12
Published: 2007

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

Energy, Economics, and the Environment: Case Studies and Teaching Activities for High School

This publication helps students analyze energy and environment issues from an economics perspective.

Grades: 9-12
Published: 2006

6 out of 10 lessons from this publication relate to this EconEdLink lesson.