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Grades 6-8

The Opportunity Cost of a Lifetime

All economic questions and problems arise from scarcity. Economics assumes people do not have the resources do satisfy all of...
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis
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Grades 9-12

Economic Forecasting: An Internet WebQuest

Economics is often called the "science of decision making." The decisions that economists analyze range from personal decisions such as...
Key Concepts: Decision Making/Cost-Benefit Analysis, Employment and Unemployment, Fiscal Policy
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Grades 9-12

The Economics of the Family Farm

Learn about the status of farming as a career, investigate the management of a family farm, and examine one recent...
Key Concepts: Demand, Division of Labor/Specialization, Goods and Services…
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Grades 9-12

The Wizard of Oz Visits Japan

Deflationary conditions in the United States have not returned since the Great Depression. Instead, U.S. policymakers have frequently found it...
Key Concepts: Fiscal Policy
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Grades 3-5

Hey, Mom! What's for Breakfast?

In this lesson students working in cooperative groups will: 1.Discuss food items they consume for breakfast. 2.Investigate elements of foreign...
Key Concepts: Consumers, Goods and Services, Producers
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Grades 3-5

Paraffin-alia

All resources are limited. It is this simple fact--scarcity--that forces us to make decisions. When we do make a choice,...
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Goods and Services…
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Grades 9-12

Population Growth: Friend or Foe?

The environment has recently been the focus of much research and discussion. Because productive resources are limited, it is important...
Key Concepts: Balance of Trade and Balance of Payments, Decision Making/Cost-Benefit Analysis
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Grades 9-12

Economic Indicators

How do economists make their forecasts about the U.S. economy? What are the economic indicators that help forecast economic activity...
Key Concepts: Consumers, Economic Institutions, Financial Markets…
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Grades 9-12

Rationing Transplants: An Ethical Problem

On November 1, 1999, Walter Payton, former Chicago Bears running back, died waiting for a liver transplant. Payton's death re-opened...
Key Concepts: Demand, Incentive, Market Structure…
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