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ELECTRONIC EDITION

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A complete digital replica of the Democrat and Chronicle with searchable and interactive features

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Lesson Plans

These lesson plans are provided by the National Council on Economic Education.

Skip to a section: Grades K to 5 Grades 6 to 8 Grades 9 to 12

Grades K to 5

To Market To Market This lesson will help students become good consumers and producers by taking turns buying and selling things in a classroom-created market. Top
   
Buy A Bond, James! A Lesson on US Savings Bonds Why do people save? How do you save? How do you save and make money at the same time? We will find answers to these questions and more in this lesson on saving and U.S. Savings Bonds. Top
   
The Little Red Hen In this lesson you will examine through the use of a story how the Little Red Hen uses the productive resources of natural resources, human resources, capital and entrepreneurs to produce bread. You will then match specific items identified in the story with their category of productive resource and then predict what incentives might influence the characters in the future because of the experiences in the story. Top
   
What are Incentives? In this lesson, you will identify incentives at home and school, identify positive and negative incentives, and discuss which incentives influence your own behavior. Top
   
That's Not Fair! How do we Share? This lesson has students explore a variety of ways to share, particularly when an obvious solution is not apparent. Top
   
How much is that Doggy? Your task is to investigate the total cost of owning a dog or a cat. You will decide what type of pet might be best for you. You will discuss what it means to be a responsible owner of a pet. Top
   
Economic Incentives in our Community Students will identify positive and negative economic incentives used in their communities to encourage people to make CHOICES beneficial to the community. Top
   
Banks, Bankers, Banking Students will demonstrate understanding of the processes associated with banking by role- playing as customers, tellers, and guards. Top
   
A Rooster and a Bean Seed In this lesson, students hear a folk tale and participate in a simulation that helps them recognize problems with barter and benefits of monetary exchange. Top
   
Jelly Belly Jam: a Lesson on Decision Making In this lesson students will make a decision making chart and use it to help them in deciding which flavor of Jelly beans to buy. Top
   
Old Toy - New Market Students explore the LEGOLAND theme parks and demonstrate an understanding of how new markets can be created and that cultural and social differences can affect these markets. Top
   
Clickety Clack, Let's Keep Track! This lesson will show students the importance of keeping track of their savings. Top
   
Tic Tac Taxes! This lesson will assist students in identifying various taxes and the services they help governments provide. Top
   
Ben & Jerry's Flavor Graveyard Ben & Jerry are producers of ice cream. Even if they produce ice cream for the entire nation, they still must make choices on which flavor to produce! Scarce resources force them to make a choice! Top
   
Making Cents out of Centimes Students will learn that most countries create their own currency for use as money. Top
   
Who Pays for City Hall? The students take a virtual field trip to City Hall in this kid-friendly site. This beginning civics/economic lesson will introduce your students to city government and teach economics on the way! Top
   
Free Ride Free Ride helps students identify goods and services provided by the government and evaluate the cost of government provided goods and services. Top
   
Country Mouse Makes a Decision! Very young students will be able to make a cost/benefit chart for the Country Mouse after hearing the classic story. Top
   
Rumble, Grumble, Gurgle, Roar This lesson is about wants. Little Penguin is hungry and she wants to eat. This story is about how Little Penguin tries to get what she wants. Top
   
What Do Other People Want To Be? In this lesson, students will graph people's job choses and identify which jobs would have the most competition based on the data. Top

Grades 6 to 8

Let's Go Euro In this lesson you will explore questions to determine what you would do if you were a member of the European Union. Top
   
You're Going to College The students will explore the funding costs and the benefits of college. Top
   
Centuries of Economic Growth: From Feathers to Robotics Students read scenarios about the production of Bibles over five historical time periods. Working in small groups, students create skits and develop a retrieval chart that is used to analyze factors that impact economic growth. Top
   
The Stock Market: Risks and Rewards Read and interpret stock market price reports. Define profits and explain the role of profits in the American economic system for both firms and individual investors. Top
   
Comparative Economic Systems Students research the economic systems of a communist country and a third-world country and compare them to the US, guided by questions and using information from the CIA World Factbook website. Top
   
All In Business This is a lessons on entrepreneurship. It can be used to help students understand what innovations are, and what it takes to get an idea off the ground. Top
   
Supply and Demand In this lesson you will be able to provide an explanation as to why per gallon prices seem to jump just before a holiday or weekend, review historical data on gas prices, and create a graph to represent the data. You will also be able to identify the factors that influence the price of a gallon of gasoline. Top
   
One is Silver and the Other's Gold Students learn about the money supply and that it can affect the value of money. Top
   
What, How and For Whom to Produce? Students produce badges as rewards for the best economists in the class. Through this production activity, they learn how command and market economies answer the basic economic questions: What to produce? How to produce? For whom to produce? Top
   
Gross Domestic Pizza This lesson explores how gross domestic product (GDP) is determined. The major components of GDP are described. Top
   
Learning About Credit Card Use This lesson illustrates how quickly credit card purchases can create a dangerous situation for buyers. Top
   
Constitution Costs This lesson helps students understand the basic services provided for Americans in the United States Constitution and the necessity of a system of taxation to fund those services. Top
   
Improving on the Original What makes something worth marketing? This lesson focuses on the distinction between marketing a new product or licensing it to someone else to market. Top
   
Lemon Squeeze Create a supply and demand schedule either by yourself or with your class. Top
   
The Penny Problem Students will research the cost of making the penny an the use of the penny and come up with reasons why the penny should or should not be continued to be made and used. Top
   
Scarcity, Choice and Decisions The interrelated concepts of scarcity, choice, and costs form a basic economic trilogy. Top
   
Budgeting Your Financal Resources Financial planning helps you use your money to get the most out of life. A financial plan, or budget, is a decision-making tool based on the basic principles of scarcity, choice, and opportunity cost. Top
   
Inventors & Entrepreneurs Students will learn the difference between inventors and entrepreneurs. Top

Grades 9 to 12

Car Loan Project


Each student will buy (hypothetically) a car that will need to be financed. The student will need to look at different options and decide which will be the best choice for his situation. Top
   
Buying Bonds: Making Choices Among Them? In this lesson, students learn about bonds. They examine the difference between a municipal bond, a corporate bond, and a bond issued by the United States government. Students discover risks and rewards from investing in different types of bonds. They research different bonds to determine advantages and disadvantages. They then add bonds to the yearlong budget initiated in Lesson 2. They complete the end of the year budget activities by discussing the importance of budgeting relative to income. Top
   
How is the Economy doing? Students learn the meaning and measurement of six important economic indicators and use the St. Louis Federal Reserve Bank National Economic Trends website to assess the current state of the economy. Top
   
Blowing in the Wind Wind energy is becoming a viable alternative to more traditional forms of energy generation. In this lesson, students will determine the feasibility of wind generation in different areas of the United States. Top
   
Fiscal and Monetary Policy Process Students follow each step of fiscal and monetary policy processes, to see the logic of how these tools are used to correct economic instability. Top
   
Lowell Workers and Producers Respond to Incentives In this lesson, you will learn about how an embargo affects supply, demand, price and quantity goods. You'll also be able to explain how an embargo will affect consumers. Top
   
Here's Your Chance to Make Millions in the Stock Market - Part 1 In this lesson you learn how efficient markets affect investor's efforts to time the stock market; they also learn why people who invest in stocks should have long-term investment goals. Top
   
Here's Your Chance to Make Millions in the Stock Market - Part 2 In Part II of this lesson, students will have the opportunity to complete an interactive exercise that will take them on a historical tour of the stock market from 1920 until just after WWII. Top
   
Here's Your Chance to Make Millions in the Stock Market - Part 3 In Part III of this lesson, students will have the opportunity to complete an interactive exercise that will take them on a historical tour of the stock market from Post WWII through the year 2001. Top
   
National Budget Simulation Students serve as an Economic Advisor to the President, who must increase military spending out of political necessity, but needs to reduce spending in other programs to limit the deficit. Top
   
Constitution Costs This lesson helps students understand the basic services provided for Americans in the United States Constitution and the necessity of a system of taxation to fund those services. Top
   
The CPI- A Crystal Ball? Governments and other financial organizations are constantly measuring trends in the economy to try to predict what will happen next. Top
   
It's a Matter of Power Students examine tradeoffs and profit- maximization decisions in the case study of Kaiser Aluminum, which decided to shut down aluminum production in favor of reselling electricity. Top
   
New York Stock Exchange Made Easy This lesson will help students to understand the terms that are associated with the New York Stock Exchange. It will also help students to read a stock market report found in any major newspaper or online. Top
   
Comparative Economic Systems Students research the economic systems of a communist country and a third-world country and compare them to the US, guided by questions and using information from the CIA World Factbook website. Top
   
Stock Market Price History Each of us seek to make wise investment decisions that will make our money grow. Unfortunately, we cannot predict the future, but the past can give us a window to understanding the risks and rewards of the stock market. Top
Scarcity, Choice, and Decisions The interrelated concepts of scarcity, choice, and costs form a basic economic trilogy. Since most families have financial resources far more limited than their wants, individuals and families face the problem of dealing with money scarcity. Top
   
The Stock Market: Risks & Rewards The stock market is important in the operation of the American economic system. Companies sell stock to raise funds for improvements and expansions. Top
   
Economics in the Headlines In this lesson, you will first examine the factors that change supply and demand for products. You will see how changes in supply and demand affect prices and quantities sold. Then you will analyze actual news stories to determine how changes in supply and demand affect prices and output in our economy. Top
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