
The Magic of Markets – Trade Creates Wealth
Download Magic of Markets Guide Overview: Trade is the voluntary exchange of goods and services. People engaging in trade must…

Lesson 10: International Markets
Download EFL Lesson 10 Guide Download EFL Lesson 10 Slides Introduction In this lesson students apply the model of supply…

Lesson 9: Money and Inflation
Download EFL Lesson 9 Guide and Slides Virtual Lesson Instructions and Slides Introduction In this lesson students learn that anything…

Lesson 8: Setting the Rules: Costs and Benefits of Government Action
Download EFL Lesson 8 Guide Download EFL Lesson 8 Slides Introduction This lesson gives students the opportunity to apply the…

Lesson 7: Property Rights: Is the Environment Different?
Download EFL Lesson 7 Guide Download EFL Lesson 7 Slides Introduction In this lesson students apply the tools of economic…

Lesson 6: Incentives, Innovations, and Roles of Institutions
Download EFL Lesson 6 Guide Download Lesson 6 Slides Introduction This lesson uses examples, video clips and a risk-reward mini…

Lesson 5: Labor Markets
Download EFL Lesson 5 Guide Download EFL Lesson 5 Slides Introduction The focus of this lesson is on the choices made…

Lesson 4: Markets in Action
Download EFL Lesson 4 Guide and Slides Virtual Lesson Instructions & Slides Introduction This lesson has two goals: The first…

Lesson 3: Open Markets
Download EFL Lesson 3 Guide EFL Lesson 3 Slides Introduction In this lesson students reflect on their experience in the…

Lesson 2: Opportunity Cost and Incentives
Download EFL Lesson 2 Guide EFL Lesson 2 Slides Introduction This lesson uses examples, videos and three mini-activities to teach…

Lesson 1: Economic Growth and Scarcity
Download EFL Lesson 1 Guide EFL Lesson 1 Slides Introduction In this lesson students are introduced to the concept of…

Lesson 6: Applying the Lessons of the Soviet Union
Assessment: A Brief History of the Post Office (As Told By Grandpa McCoy) “You kids these days have it so…

Lesson 3: Incentives Matter
Concepts: People respond to incentives. Entrepreneur Innovation Profit Productivity Competition Content Standards and Benchmarks (4 and 14): Standard 4: People…

Missing Markets and Missing Prices
Lesson Overview In this activity, production ministers must allocate resources to the production of 2 products and set prices for…

Lesson 4: Property Rights
Concepts: Property Rights Private property Incentives Collectivization Profits Tragedy of the Commons Content Standards and Benchmarks (4, 10 and 16):…

Lesson 2: Missing Markets and Missing Prices
Concepts: Markets provide information in the form of prices. Opportunity cost Prices Information costs Investment Demand and Supply Markets Competition…

Lesson 1: Opportunity Cost
Concepts: Opportunity Cost Scarcity Capital Goods Choice Consumer Goods Communism Content Standards and Benchmarks (1, 3 and 15): Standard 1:…

Lesson 5: Are Disasters “A Disaster” for Lesson Planning?
download EOD lesson 5 outline (including source citations and links) Teaching About the Next Disaster The concepts, models, and analytical…