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ECONIFUL RESOURCEOVERVIEW20-49 STUDENTS50+
STUDENTS		SUGGESTED ADAPTATIONS FOR 50+ STUDENTS
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Unit 1: Economic Foundations
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1.2 Packing For a River Trip: An Introduction to EconomicsPlanning a two-week river trip, students learn how economic principles, especially scarcity, influence decision making.XXTo avoid printing, use Electronic Student Handout
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1.5 Exploring Diminishing Marginal UtilityParticipating in an economic experiment with chewing gum, students learn about the scientific method and diminishing marginal utility.XXNone needed - use as written
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1.7 Review to DateKey concepts from Unit 1 are reviewed through station rotations (games, hexagonal thinking, error analysis) to prepare for the summative assessment and identify areas needing further study.XXInstead of printing individual cards for games, put terms/scenarios into a slide deck. The guessers face away from the slides with the terms and the explainers face the slides with the terms. Swap roles halfway through the slides.
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1.8 Introduction to the PPFStudents produce tiger and panda bookmarks and use data from the simulation to create a production possibilities frontier.XXFor classes without scissors: Pre-cut bookmark templates into strips and forgo students cutting anything out
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1.10 Adding Complexity to the PPF: Part 2Students work in groups to link the PPF to key economic concepts and practice interpreting and generating PPF models.XXNone needed - use as written
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Unit 2: Microeconomics
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2.1 Coffee Market SimulationEngaging in a product market simulation, students learn how buyer-seller interactions determine prices in a perfectly competitive market.XNot easily adapted for large classes
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2.3 Introduction to FirmsWorking in groups, students operate competitive hat firms to prepare for mastering the law of supply.XNot easily adapted for large classes
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2.15 Labor MarketsUsing manipulatives, students study factors influencing wages and how labor market supply and demand shifts affect equilibrium wage rates.XXStudents use a pen or pencil in place of the toothpick to check for understanding of shifts
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2.16 Exploring the Minimum WageThrough movement and data analysis, students learn about different perspectives on the federal minimum wage.XXUse digital polls in place of the “vote with your feet” activities
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2.17 Income InequalityUsing manipulatives and data analysis, students explore income distribution and government redistribution programs.XXCreate a demonstration group to move manipulatives to represent their prediction of the percentage of total income each quintile receives
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Create a digital poll to elicit all students' predictions
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Unit 3: Macroeconomics
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3.1 An Introduction to the Macroeconomy: Circular FlowSimulating the flow of factors of production, goods and services, and money, students learn about the interdependence of households and firms in a macroeconomy.XNot easily adapted for large classes
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3.4 Evaluating GDP as a Measure of Well-Being: Part 1Using real-world data, student groups analyze the relationship between GDP, standard of living, and quality of life, and explore the limitations of GDP.XXProvide digital access to Our World in Data Graphs
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3.5 Evaluating GDP as a Measure of Well-Being: Part 2Students work collaboratively to categorize and evaluate critiques of GDP as a measure of well-being and apply their knowledge to real-world decision-making scenarios.XXProvide Perspectives on GDP to groups electronically (be sure to mix up sources in the document)
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3.6 Thinking About the Labor Force Like an EconomistWorking in pairs, students engage in a card-sort activity to understand labor force criteria and unemployment. Students then apply their knowledge to realistic scenarios.XXUse Digital Identity Cards
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3.14 An Introduction to Fiscal PolicyThrough a board game, students learn the basics of fiscal policy. A debrief and retrieval quiz follow the game to solidify student understanding of stabilization policies.XNot easily adapted for large classes
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3.17 Beyond the Big 3: Part 1Through researching a novel economic indicator, students deepen their understanding of how to evaluate the economy’s health, moving beyond the "Big 3" indicators (GDP growth, unemployment, and inflation).XXNone needed - use as written
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3.18 Beyond the Big 3: Part 2Drawing on their research from Lesson 3.17, pairs script a conversation focused on an economic indicator outside of the “Big 3” (GDP growth, unemployment, and inflation).XXNone needed - use as written
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Unit 4: Global Connections
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4.2 Exploring How Institutions Shape ProsperityStudents participate in a simulation exploring how institutions shape economic development. A debrief connects the activity to real-world examples, highlighting the 2024 Nobel Prize winners’ research.XXUse more than 1 deck of playing cards
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4.3 Investments That Drive Economic GrowthThrough a digital simulation and debrief students explore how investments in public health and education boost productivity and drive economic growth.XXNone needed - use as written
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4.5 Infrastructure and Economic Growth: A PACED AnalysisUsing real-world examples students learn about how infrastructure projects contribute to economic growth and standard of living. Students evaluate three infrastructure projects in terms of short- and long-term costs and benefits using the PACED decision-making model.XXProvide Infrastructure Project Reading electronically and use digital polls to elicit students' final infrastructure decisions.
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4.6 Technological Innovation and Economic GrowthThrough a reading and a simulation, students learn about how investments in technological innovation drive economic growth.XXInstruct students to access to a digital 6-sided die application and provide
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4.8 Why Trade is SweetStudents participate in a trade simulation to explore how voluntary exchange increases utility and efficiency, then debrief to examine both the benefits and challenges of trade.XXNone needed - use as written
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4.10 Analyzing Critiques of Unrestricted TradeStudents evaluate real-world critiques of unrestricted international trade and consider how trade policies affect different stakeholders.XXProvide Sources electronically and use digital polls to elicit students' final crititque selection.
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4.11 Trade Policy: Part 1Students explore the economic impact of a real-world U.S. tariff and political pressures behind trade policy decisions.XXProvide Perspectives electronically.
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 Additional Materials
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Do EconomicsStudents collect data on the degree of price variation for a single product in their local area and draft a report that describes their study and conclusions. The assessment includes a scoring rubric.XXNone needed - use as written
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Economics Vocabulary ChallengeStudents play a memory game in pairs. This is a great review of or introduction to twelve foundational economics terms.XXUsing the digital version of the activity will reduce the material preparation.
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Macro Retrieval RallyStudents play a game to assess their mastery of key macroeconomic concepts. This lesson is best used near the end of a unit of study on macroeconomics.XNot easily adapted for large classes
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Market MayhemAfter a bit of retrieval practice, students play a game that asks them to find errors in product market models. This lesson is best used anytime after students have learned the basics of supply and demand (including price controls).XNot easily adapted for large classes
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Micro Retrieval RallyStudents play a game to assess their mastery of key microeconomic concepts. This lesson is best used near the end of a unit of study on microeconomics.XNot easily adapted for large classes
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Price Elasticity of Demand Card SortStudents do a brain dump on price elasticity of demand, complete a card sort activity in pairs, and then reflect on their understanding of price elasticity of demand.XXNone needed - use as written
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Understanding Inflation with the Candy Price IndexStudents will carry out a highly simplified version of the process used by the U.S. Bureau of Labor Statistics to calculate inflation. This lesson was inspired by an article in the Journal of Economic Education, included in the materials.XXUse polling software to collect data on student preferences to build the market basket. Additional candy will be needed if you proceed with the option candy distribution step at the end of the activity.
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