State coordinators have opened up registration for local high school competitions that lead into CEE’s National Personal Finance Challenge and National Economics Challenge! Teams of three-to-four students with one teacher/coach compete in each subject for the national titles and cash prizes! Teachers, register today!
Click here for the National Economics Challenge
Click here for the National Personal Finance Challenge
Hey, look at your pencil. Yes, that very one you might be holding in your hand. Ever wonder where it came from? Who made it? How they made it? Or how it got to you? To find out more about that pencil you will use several resources – the Internet, maps, reference materials and your own creativity.
In this lesson, you will name and describe the three basic questions that must be answered in a market economy: What is produced? How it is produced? For whom is it produced? You will also use a map to find where natural resources are located that are used in the production and manufacture of pencils. Finally, you will list transportation systems which can be used to deliver products to people.
1. Write Stuff
Use this sheet to search the following Web sites for research. The task is to discover one thing about pencils that might stump the rest of the class.
"No. 339 Thoreau's Pencils" by John H. Lienhard
How was the famous philosopher, Henry David Thoreau related to the development of pencils? Access this link to find out.
Access this site to read about the history of the manufacturing of pencils.
Anatomy of A Pencil
Access this link to see the different parts of a pencil.
How A Ceder Pencil is Made
Access this site to see how a cedar pencil is made.
This site features an almanac that shows the population of cities.
2. In groups of three students:
Use "https://pencils.com/ " website to find out what a pencil is made of.
Be sure to visit each of these pages on the site:
Did you ever think it took so many people to make a pencil? That pencil in your hand sure makes it easier to write and keep track of things and do your math! Just think a minute – someone had to invent it, figure out what resources to use. Then they had to plan how to produce your pencil.