Lesson 3: Open Markets
Introduction In this lesson students reflect on their experience in the “In the Chips” activity and connect it to their…
Lesson 2: Opportunity Cost and Incentives
Introduction This lesson uses examples, videos and three mini-activities to teach about opportunity cost and incentives. Download lesson guide above…
Lesson 1: Economic Growth and Scarcity
Introduction In this lesson students are introduced to the concept of economic growth through the story of human progress and…
Lesson 1 Part 2 Activity: Will the Real Capitalism Please Stand Up?
Lesson Overview The traditional, “comparative systems” approach to categorizing national economies proves less than useful in a world of mixed…
Is Capitalism Good for the Poor?
The lesson plans and student activities in Is Capitalism Good for the Poor? (CAP) have been carefully designed and written by…
Lesson 5 Activity: The Ultimatum Game
Activity Demonstration Video Concepts self-interest markets Content Standards This activity addresses parts of the following content standards in economics. Note…
Lesson 5: Character Values and Capitalism
Concepts incentives rule of law standard of living property rights economic growth National Voluntary Content Standards in Economics The background…
Lesson 4 Activity: It’s Not Rocket Science
Concepts incentives profit invention competition property rights innovation Content Standards This activity addresses parts of the following content standards in…
Lesson 4: How Incentives Affect Innovation
Concepts incentives profit competition entrepreneurship economic growth innovation National Voluntary Content Standards in Economics The background materials and student activities…
Lesson 3 Activity: The More, the Merrier
Activity Demonstration Video: Introduction The friendly invitation, “the more, the merrier,” may not have originated to describe market competition, but…
Lesson 3: Beneficiaries of Competition
Concepts market entrepreneurship competition incentives property rights human capital National Voluntary Content Standards in Economics The background materials and student…
Lesson 2 Activity: You’re the Economist
Activity Demonstration Video Concepts institutions capital economic growth property rights investment opportunity cost National Voluntary Content Standards in Economics This…
Lesson 2: Property Rights and the Rule of Law
Concepts: institutions property rights rule of law incentives capital asset collateral National Voluntary Content Standards in Economics The background materials…
Lesson 1 Part 2: Capitalism – Institutional Building Blocks
Concepts market entrepreneurship rule of law incentives property rights limited government National Voluntary Content Standards in Economics The background materials…
Lesson 1 Activity: What is Poverty and Who are the Poor? A WebQuest
Overview A guided web search, or “webquest,” introduces students to a variety of easily accessible data about poverty. The search…
Lesson 1 Activity: What is Poverty? A KWL Exercise
Video Demonstration Lesson Overview KWL is a familiar and productive method of engaging student interest in a new topic of…
Activity: The Activity That Fails
Overview: This brief classroom activity can be used to informally assess students’ ability to apply the principles of economic reasoning…
Activity: Site Selection – A Land Use Simulation
Economic Concepts Environmental Context Opportunity Cost Using resources in one way requires giving up alternative uses Trade-off Choice Scarcity Cost/Benefit…