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Widgets, Product and Cost

Illustrates the economic concept of marginal returns to students. “Hands on” exercise having students produce “widgets” while varying labour input. Total, average and marginal costs can be computed.

     

Widgets, Whajamas and Scarcity

Illustrates the economic concept of scarcity to students. “Hands on” exercise having students produce “widgets” and “whajamas” while resources of capital and labour are fixed and require students to allocate between production of the two goods. Production possibilities and opportunity cost can be determined.

     

Comparative Advantage Experiment

“Hands on” exercise demonstrates comparative advantage and opportunity cost. Students are divided into four types of producers. They choose to produce wheat or steel, and have a fixed allocation of inputs.

     

Resource Scarcity Game

Use this at the start of your course. Exercise demonstrates the concept of scarcity. Students try to complete four tasks symbolizing food, shelter, clothing and education. Application of concepts of land, labour, capital and entrepreneurship.

     

Sample Student Tracking Sheets
     

Determining the Final Grade

Outlines how to arrive at a valid final mark based on a Summative evaluation plan and a formative assessment plan.

     

Seminar Peer Evaluation Forms
   
 

   

EconEdlink Online Lessons

Browse EconEdlink online lessons by Title, Grade, Standard, or Lesson Plan Type. Loads of lessons with downloadable teaching materials as well. [top]
   

What is a stock? or, Who owns McDonalds?

Private ownership is fundamental to the operation of a market economy. This lesson introduces the idea that individuals can become owners of a business by purchasing stock. [top]
   

Limiting Trade

Despite the advantages of free trade, many nations impose limits on trade for a variety of reasons. Students will learn about the main types of trade restrictions are tariffs, quotas, embargoes, licensing requirements, standards, and subsidies. [top]

   

Consumer Credit: Buy Now, Pay Later and More

This site is a fully developed lesson plan, including all materials. By the end of the lesson students will be able to determine the costs and benefits of using credit cards. Discuss and analyze the decision-making process when using credit cards. Identify ways and criteria to establish and obtain credit. [top]

   

The Stock Market Game - Online

On one level, The Stock Market Game is pure fun. On a second level, it's a rich educational experience that stimulates learning about economics, finance, and the American economic system. Participants in the SMG discover the risks and rewards involved in decision-making, the sources and uses of capital, and other related economic concepts. [top]

   

http://www.markville.ss.yrdsb.edu.on.ca/history/index.html

This website set up by Mark Melnyk is of interest for several reasons. If you are looking for a model for how to take a history course and put it on line this is an example. Melnyk has sites for World History to 1600, 20th Century, World Religions, and Economics leading to useful information of interest to both other teachers and students. The link to Students Online Binder has teacher- ready materials related to each of the courses including student handouts, rubrics, and assignment instructions. Online Resources has excellent links to topics specifically related both to the course and to units studied, as well as student reference material for getting materials ready to post to the web themselves. Student Work posts the best of the student websites that have been developed by students on course topics. [top]

   

Trade Secrets - Exploring the Forces of Global Trade on Developing and Transitional Countries

  • This lesson can be used in conjunction with the PBS Commanding Heights website and/or video
  • In this lesson, students can explore how global trade and free market policies might affect them personally
  • learn how some key issues related to world trade will be addressed in a new television documentary by reading and discussing "TV Takes Up Some Weighty Matters of Economics. ”
  • research countries heavily impacted by globalization; create presentation posters related to assigned countries.
  • synthesize knowledge of international trade issues by writing an analysis of the effects of economic globalization on a particular country. [top]
   

Commanding Heights


This PBS website is definitely worth a look. It offers material that can be used alone or in conjunction with the PBS series " Commanding Heights ".
Explore a wealth of information at the companion site. Learn about the people and ideas that have helped shape the world economy, consult an interactive historical atlas of the world showing economic trends, access a teacher's guide, share your thoughts in the forum and more. [top]
   

Sweating the Big Stuff - A Lesson About Labor Conditions Around the World

In this lesson, students will explore the responsibility of corporations in increasing global labour standards. Students will:

  • read case studies about sweatshops and create a list of human rights violations involved in a sweatshop
  • learn about the role that corporations play in increasing labour standards at sweatshops by reading and discussing the article "Labor Standards Clash With Global Reality"
  • investigate the labour practices of specific companies
  • assess the companies' labour practices [top]
   

Electric Money - PBS websites

  1. Banks in the 20th and 21st Centuries
    Learn how advances in information technology affect bank operations, and explore how bank mergers affect consumers.
  2. The Electronic Revolution in Financial Markets
    Learn how the stock market operates and investigate how advances in telecommunications have affected stock trading.
  3. The Evolution of Money
    Learn about credit, debit, smart cards, online payment methods like PayPal, and other methods of financial transaction.
  4. How Credit Cards Work
    Learn about the financial principles behind credit cards, and debate the advantages and disadvantages of using credit.
  5. Trading Risks: Markets for Futures and Options
    Learn about commodities traded on futures markets and explore careers in finance.     [top