What Is an Economy?
Learn about supply, demand, and the flow of goods and services.
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Lessons & Activities
46-60 min
Role of Prices: How Does the Price of Sugar Affect Carrots?
OVERVIEW
Students explore how markets connect through inputs, complements, and substitutes. An activity and assessment—centered on the Boston Tea Party—illustrate how price changes in one market affect others.
Related Resources
INFOGRAPHICS & COMICS
CURRICULUM UNITS
Federal Reserve Economic Fundamentals: Middle School Curriculum
Introduce basic economic concepts that are designed for middle school learners with ten independent hands-on lesson plans.
LESSONS & ACTIVITIES
31-45 MIN
Here Today, Back Here Tomorrow
Define goods, services, consumer, production, natural resources, intermediate goods, waste, and trade-off.
LESSONS & ACTIVITIES
1 HOUR+
Letter Perfect and Clean Enough
Learn about the types of natural resources that the environment provides.
LESSONS & ACTIVITIES
46-60 MIN
Eggs-ternal Costs
Recognize that some actions people take have external costs and how property rights impact those costs.
LESSONS & ACTIVITIES
46-60 MIN
Waste Not, Want a Lot
Learn how producers respond to various incentives.
