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Title:
| Economics: Basic Concepts |
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Description:
| Learn about various economic concepts, including supply and demand, opportunity costs, natural, human, and capital resources. Includes many class activities, several online quizzes, and interactive games. There is a link to an eThemes Resource on taxes and economics terms. |
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Grade Level:
| 3, 4, 5, 6 |
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Resource Links:
| Economists
Find out what it is like to be an economist. The page includes a glossary of terms. NOTE: The site includes pop-up ads. NOTE: The reading level is for older students.
Online Elementary Economics Lessons
This site has many creative lesson plans that teach basic economic concepts to young children. NOTE: The site leads to websites with ads.
Economics Education Web
This page offers definitions for various economic concepts, including opportunity cost, capital and human resources, supply and demand, and public goods.
The Mint
Explore this site to learn more about earning, saving, and investing money. Use the links at the top, plus don't miss the "Ideas for Teachers" link. Includes online calculators to illustrate concepts of compound interes and investing.
Economic Education Lessons
This page offers different economics lesson plans for a variety of grade levels. Click on the lesson title to open a lesson.
Fleet Kids
This site explains how students can start their own business. Choose from the list of online economics games at the right. NOTE: Teachers or students need to register to play the games.
Reality Check
Students can select how they imagine their life in the future and then discover how much money it will take to support this lifestyle.
Lemonade Stand
Try this online game to find out the costs of running a lemonade stand and how much you will have to sell to make a profit. NOTE: The site includes ads.
Econ Explorers
This 24-page PDF file can be printed out to use in an economics unit. Includes questions about goods, services, and banks.
BrainPOP: Comparing Prices
Wait for the ad to load, then watch the movie or take the quiz about comparing prices. NOTE: The web site is available by subscription only.
Scholastic: Serving Up Economics
Read how one teacher had her students start a class restaurant in order to learn about economics.
What is a Dollar Worth?
Students can learn about inflation when they compare the value of a dollar from back in 1913 to today. Read the directions and enter the years and amount you want to compare.
Evidence of Student Learning in Economics
This site offers good ideas for testing what students have learned about economic terms and concepts.
Vincent van Gogh's "Flower Beds in Holland"
In this online activity, students study a piece of artwork and learn about opportunity cost.
Economic Spotter: Supply and Demand at the Gold Rush
Students can learn about supply and demand by studying the Gold Rush in the late 1840s.
eThemes Resource: Economics: Taxes
These sites explain the U.S. taxation system and how it works. Learn about the different types of taxes through classroom activities and discussion questions. Also covers the services that local, state, and federal governments provide with tax money. Includes an online concentration game about taxes.
eThemes Resource: Economics: Terms
Learn about economics. Find out what exchange, barter, interdependence, profit, and supply and demand are. Learn economics terms and play fun games to practice new skills. Learn why economics is important for each kid and the whole world. Includes activities, online games, and quizzes.
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Education Standards:
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AL Standards:
12.1
MO Standards:
1.1, 1.2, 1.3, 1.5, 1.6, 1.7, 1.8, 1.10, 2.7, 3.1, 3.2, 3.8, 4.1, 4.3, 6, 3, 4, 7
If you are an eMINTS teacher and standards have not been defined for your
state, click the button below to request that they be assigned to this resource.
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