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BASIC ECONOMICS LESSON PLAN TEACHING AND LEARNING BASIC ECONOMIC PRINCIPLES ACTIVITY SAMPLE EXAMPLE HELP STUDENTS PRACTICE TEACHER FINANCE SKILLS ONLINE COURSE

 

 

 

Students learn basic economic concepts.

 

 

WHAT IS ECONOMICS?

 

Objectives:

  • The student will know the vocabulary of economics.
  • The student will understand what economics is and why we study it.
  • The student will evaluate why economics is important to their everyday lives.

Standard:

National Content Standards for Economics:

Standard 1

 

Suggested Grades:

Seventh Grade - Eighth Grade - Ninth Grade - Tenth Grade - Eleventh Grade - Twelfth Grade - Adult Education - Business Education

 
 

 

 

 

 

WHAT IS ECONOMICS LESSON PLAN

 

Teaching Materials

 

Process:

It is important to give the students examples of the various units in the economy. How the family, a business, and the government act are all different; however they do have one thing in common -- they all act in their own self-interest. We need to study economics to look at how they use their resources, in their own self-interest, to satisfy their wants and needs.

 

Print out the lesson and either let students read it themselves, or use the lesson for teaching a basic introduction lesson on economics. Concepts introduced include scarcity, wants, needs, goods, services, labor, capital, business, and government.

 

 

 

 

Lesson Printable Materials - Worksheets

Print out the teaching lesson pages and exercise worksheets for use with this lesson:

 

WHAT IS ECONOMICS LESSON

What is Economics Lesson

What is economics lesson.

WHAT IS ECONOMICS WORKSHEET

What is Economics Worksheet

Students should pick one item in each of the three columns to complete. Answers should be placed on a separate sheet of paper.

 

Do you have a recommendation for an enhancement to this economics lesson, or do you have an idea for a new lesson?  Then please leave us a suggestion.

 
   

 

Back to more Basic Economics Lessons, Lesson Plans, and Worksheets

 

 

 

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