Carolina K-12
Practice Test of Economics
From scarcity and supply and demand to entrepreneurship and the stock market, here you'll find a multiple-choice assessment that includes 34 questions covering all the major concepts of a traditional economics course.
Curated OER
Economics Study Guide
Use this resource as a basic review of economic principles. There are six questions relating to the factors of production, opportunity costs, wants and needs, tangibles and intangibles, and more.
Curated OER
Hurricane causes Scarcity
Assign this PowerPoint to your students to give them a place to explain how a hurricane can cause "scarcity" in a community or area. The directions instruct students how to save their slide. Tip: Instead of completing this on the...
Curated OER
Jamestown's Economy
Students identify items made in Jamestown and draw conclusions about their economy. In this Jamestown economy activity, students use the internet to complete a worksheet which required them to look at photographs of goods made in and...
Curated OER
If the World Were a Village
Students examine the conditions of the global economy. As a class, they discuss the political, economic and cultural differences around the world. They review the concepts of distribution and scarcity and identify the costs and...
Curated OER
Teaching Economics Using LUNCH MONEY
Students, after reading the book "Lunch Money" by Andrew Clements, explore money and different saving places. They research different ways in which productivity has increased over the years, they examine products to determine if the...
Curated OER
The Game of Business
Learners practice the economic concepts of scarcity and opportunity cost. They imagine creating their own businesses and brainstorm what they need to know in order to determine when the business is profitable.
Curated OER
The Soviet Choice For Growth
Students examine five major events in Soviet History to introduce the concept of opportunity cost. They identify considered alternatives at the time of decision and examine benefits and cost. They apply these ideas to a typical school day.
Curated OER
Introduction to Economics
Learners discover the basic economic problem: scarcity; examine how "there is no such thing as a free lunch" (opportunity costs); and define economics. They act out a play demonstrating basic economic principles.
Texas Education Agency
Texas Gateway: Ch. 2: Choice in a World of Scarcity: Critical Thinking Questions
This is a list of five critical thinking questions based on content presented in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Review Questions
This is a set of 11 review questions based on the content covered in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Self Check Questions
This is a list of seven self-check questions covering the content presented in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Key Concepts & Summary
This section focuses on the key concepts and a summary of macroeconomics covered in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics.
Texas Education Agency
Texas Gateway: Macroeconomics: Confronting Objections to the Economics Approach
By the end of this section, you will be able to analyze arguments against economic approaches to decision-making, interpret a trade-off diagram, and contrast normative statements and positive statements.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Problems
This page poses a situation which is followed by four problems to solve. They are based on information in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
Other
Federal Bank of Richmond: My Money
For elementary students, this booklet of activities teaches basic money skills and concepts. Includes lesson plans.
Auburn University
Auburn University: Glossary of Political Economy Terms: Scarcity Explained
This is a very thorough definition of scarcity prepared by Dr. Paul Johnson of Auburn University. The site includes hyperlinks to related topics.
Texas Education Agency
Texas Gateway: Chapter 2: Choice in a World of Scarcity: Key Terms
This is a list of key terms and definitions covered in Chapter 2: Choice in a World of Scarcity from the TEA AP Macroeconomics online text.
PBS
Wnet: Thirteen: Eco Challenges
Research and report on two pressing environmental concerns in Africa: the scarcity of clean water and the desertification of farmland. Respond to these issues through activities involving art, drama and journalism.