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Economics

Teaching Economics with Active Learning

Teaching Economics with Active Learning

OVERVIEW

Ten active learning lessons for your economics classroom to make your teaching stick!

Grade Level

Opportunity Cost

Using the PACED decision framework, students compare and rank different types of pretzels to illustrate economic decisionmaking.

Lesson 1


Intro to Demand

In this activity, students learn about the law of demand. Students discover the relationship between price and quantity demanded by looking at their favorite beverage.

Lesson 2


Minimum Wage Debate

In this activity, students engage in a debate about the minimum wage. They research issues, prepare arguments, think critically about issues, and formulate evidence-based opinions.

Lesson 3


Market Structure

In this lesson, students act as firms in different market structures competing to sell their product to the teacher. The activity demonstrates that the number of firms in a market affects the price.

Lesson 4


Trade

This simple trading activity demonstrates a key economic idea: Voluntary trade can make both the buyer and seller better off.

Lesson 5


Unemployment

This activity is designed to show students how we calculate the civilian unemployment rate.

Lesson 6


GDP

In this active learning lesson, students learn about gross domestic product (GDP) and its components using the expenditures equation.

Lesson 7


Monetary Policy

In this activity, students participate in a demonstration showing how changes in monetary policy move the economy toward the Fed’s goals of maximum employment and price stability.

Lesson 8


Choosing a Career

In this activity, students are assigned different jobs to see the connection between education, training, and experience in determining income.

Lesson 9


Creditworthiness

Students become the credit providers in this simulation and get to actively assess a borrower’s creditworthiness!

Lesson 10


More in This Series

LESSONS & ACTIVITIES 1 HOUR+

PACED Decision Making and Pretzels

Students learn about and apply the five-step PACED decision-making process through a taste test.

LESSONS & ACTIVITIES 46-60 MIN

How Many Beverages will Consumers Buy? Lesson on Demand

In this activity, students learn about the law of demand by looking at their favorite beverage.

LESSONS & ACTIVITIES 1 HOUR+

Using a Minimum Wage Debate in an Economics Class

This activity uses a classroom debate about the minimum wage to teach prices floors.

LESSONS & ACTIVITIES 31-45 MIN

Teaching Market Structures with Gum

This lesson highlights how different market structures compete through a role playing game.

LESSONS & ACTIVITIES 0-15 MIN

Is Trade a Zero-Sum Game?

This simple trading activity demonstrates a key economic idea: Voluntary trade can benefit buyers and sellers.

LESSONS & ACTIVITIES 0-15 MIN

How do we Measure Unemployment?

This activity is designed to show students how we calculate the civilian unemployment rate.

LESSONS & ACTIVITIES 16-30 MIN

Imports and GDP

Learn about gross domestic product (GDP)

LESSONS & ACTIVITIES 0-15 MIN

How Fed Policy Transmits to the Economy

In this activity, students participate in a demonstration showing how changes in monetary policy ripple through the economy.

LESSONS & ACTIVITIES 0-15 MIN

Career Choices

This activity highlights the connection between education, training, and experience in determining income.

LESSONS & ACTIVITIES 31-45 MIN

The Three C's of Credit (Lesson 9A)

Students play the role of credit providers and assess the credit worthiness of a fictitious individual.

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