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110 Total Lessons

Frontier Specialists

The level of output in an economy can be increased through specialization. Economic specialization occurs when people produce different goods…
Key Concepts: Benefits of Trade, Goods and Services, Specialization…
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Old Business, New Business

In this lesson students are introduced to several businesses from the past. They see that, while the names for these…
Key Concepts: Balance of Trade and Balance of Payments, Business, Demand…
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I Have No Money, Would You Take Wampum?

Through the use of folk tales, history, and the students' own experiences, students will recognize the inter-relatedness of goods, services,…
Key Concepts: Goods and Services, Money, Trade, Exchange and Interdependence
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The Big Mac Index

How fast can you say "twoallbeef-pattiesspecialsauce-lettucecheesepickles-onionsonasesameseedbun?" This question was asked of millions of TV viewers in the now famous 1970s…
Key Concepts: Foreign Exchange, Markets and Prices, Money
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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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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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