Foundations of Economics
1. Analyze the implications of scarcity:
  1. limited resources and unlimited human wants influence choice at individual, national, and international levels
  2. factors of production (e.g., natural, human, and capital resources, entrepreneurship, technology)
  3. marginal analysis by producers, consumers, savers, and investors
2 Analyze production possibilities curves to describe opportunity costs and trade-offs.
3. Describe the characteristics of the mixed-market economy of the United States:
a. property rights
b. profit motive
c. consumer sovereignty
d. competition
e. role of the government
f. rational self-interest
g. invisible hand
4. Evaluate the economic implications of current events from a variety of sources (e.g., magazine articles, newspaper articles, radio, television reports, editorials, Internet sites).
5. Interpret economic information using charts, tables, graphs, equations, and diagrams.
CIA: The World FactBook
Inside Wall Street
Social Studies Central/Web 2.0 Tools

1. Describe how the interdependence of both households and firms is affected by trade, exchange, money, and banking:
a. why voluntary exchange occurs only when all participating parties expect to gain from the exchange
b. role and interdependence of households, firms, and government in the circular flow model of economic activity
c. role of entrepreneurs in a market economy and how profit is an incentive that leads entrepreneurs to accept risks of business failure
d. financial institutions and securities markets
e. importance of rule of law in a market economy for enforcement of contracts
2. Describe how markets function:
a. laws of supply and demand
b. how a market price is determined
c. graphs that demonstrate changes in supply and demand
d. how price ceilings and floors cause shortages or surpluses
e. comparison of monopolistic and competitive behaviors
f. theory of production and the role of cost
2.Describe how government policies influence the economy:
a. need to compare costs and benefits of government policies before taking action
b. use of federal, state, and local government spending to provide national defense; address environmental concerns; define and enforce property,
consumer and worker rights; regulate markets; and provide goods and services
c. effects of progressive, proportional, and regressive taxes on different income groups
d. role of self-interest in decisions of voters, elected officials, and public employees
7 Types of Taxes and How to Pay Them
Can You Be the Next Market Guru?/2 (Econ Ed Link)
Can You Be the Next Market Guru?/3 (Econ Ed Link)
Different Types of Taxes
Economic Forecasting: An Internet WebQuest (Econ Ed Link)
Economics of Taxation
The Economist
EconoStocks (Think Quest)
Debt Ski
Fiscal Policy
Inside Wall Street
Investing Money (Youtube)
Microeconomics (ASK)
Microeconomics Definition
Monetary and Fiscal Policy
New York Exchange Made Easy (Econ Ed Link)
The Role of Government
The Stock Market Game
Stock Market Math
Stock Prices Tumble (Econ Ed Link)
Tic Tac Taxes (Econ Ed Link)
Who Pays for City Hall? (Econ Ed Link)
Who Pays for City Hall?/Glossary (Econ Ed Link)
1. Determine how inflation, unemployment, and gross domestic product statistics are used in policy decisions.
2. Explain the effects of inflation and deflation on different groups (e.g., borrowers v. lenders, fixed income/cost of living adjustments).
3. Describe the economic and non-economic consequences of unemployment.
4. Analyze fiscal policy and its effects on inflation, unemployment, and economic growth.
5. Describe the functions of the Federal Reserve System (e.g., banking regulation and supervision, financial services, monetary policy) and their influences on the economy.
6. Explain the effects of monetary policy on unemployment, inflation, and economic growth.
7. Determine how investment in factories, machinery, new technology, and the health, education, and training of people can raise future standards of living.
Business and Industry
Business Plan Tips
Gross Domestic ProductInflation Calculator

US National Debt Clock
US National Debt Clock
Using the Simpsons to Improve Economic Instruction Through Policy Analysis
Global Economics
1. Analyze the similarities and differences among economic systems:
  1. characteristics of market, command, and mixed economic systems, including roles of production, distribution, and consumption of goods and services
  2. benefits and costs of market and command economies
  3. characteristics of the mixed-market economy of the United States, including such concepts as private ownership, profit motive, consumer sovereignty, competition, and government regulation
  4. role of private property in conserving scarce resources and providing incentives in a market economy
2. Describe the effects of international trade on the United States and other nations:
a. how people and nations gain through trade
b. how the law of comparative advantage leads to specialization and trade
c. effects of protectionism, including tariffs and quotas on international trade and on a nation’s standard of living
d. how exchange rates work and how they affect international trade
e. how the concepts of balance of trade and balance of payments are used to measure international trade
f. factors that influence the major world patterns of economic activity including the differing costs of production between developed and developing countries
g. economic connections among different regions, including changing alignments in world trade partners
h. identify the effects of trade agreements (e.g., North American Free Trade Agreement)
Benefits of Free Trade Economics
Civilization and Economic Growth
Comparative Economic Systems (Econ Ed Link)
Crisis Goes Global (Scholastic)
Currency Exchange and the Gang of Fifteen
Early Economies
Financial Problems in South Africa (Think Quest)
Getting Organized: Command, Market, and Mixed Economics (Info Please)
Kentucky High School Financial Planning
Lessons on Economics Systems
Socialism: A Glossary of Political Economy Terms
Trading Around the World
The Travels of a T-Shirt in the Global Economy
Types of Economics (Think Quest)
USA Economy in Brief
Using the Mini-Economy in Middle School
What is Socialism?
Personal Finance
1. Explain how education, career choices, and family obligations affect future income.
2. Analyze how advertising influences consumer choices.
3. Determine short- and long-term financial goals and plans, including income, spending, saving, and investing.
4. Compare the advantages and disadvantages of using various forms of credit and the determinants of credit history.
5. Explain the risk, return, and liquidity of short- and long-term saving and investment vehicles.
6. Identify investment options, (e.g., stocks, bonds, mutual funds) available to individuals and households.
5 Ways an Internet Sales Tax Will Impact Your Online Business (YouTube)
Balance Your Checking Account (The Mint)
Be Your Own Boss Challenge (The Mint)
Budget Odyssey (Econ Ed Link)
Center for Student Credit Card Education
Don't Buy It! (PBS Kids)
Explorations In Economic Demand
Hands On Banking
I Paid How Much? (The Mint)
The Mint
National Standards in Personal Finance (Econ Ed Link)
Peanuts and Crackerjacks
Personal Finance Resources
Personal Finance WebQuest
Personal Finances PPPT
The Power 72 (The Mint)
Sales Tax (Cool Math)
Sales Tax (AAA Math)
Sales Tax on the Internet
Savings Calculator (The Mint)
Sense & Dollars (Thinkport)
Should the Internet Remain a Sales Tax Haven?
Simulation of Credit Card Type Interest
Spending (The Mint)
Tax Free Internet Shopping Could End Soon (YouTube)
The Truth About Millionaires (The Mint)
Understanding Taxes (IRS)
What is Your Credit Card IQ? (The Mint)
What's the Real Cost of Credit? (The Mint)
When Do You Have to Pay Sales Tax on Internet Purchases?
When Will You Be a Millionaire?
Your Money: Online Sales Taxes (YouTube)
AP Economic Sites
AP Economics
AP Economics
College Aboards
Greg Mankiw's Blog
Ms. Hastings
Principles of Economics
Wall Street Journal Newsletters

Additional Economic Sites
Classroom Economics
Classroom Economy (Money Instructor)
Common Sense Economics
Council for Economic Education/Online Lessons
Cyber Economics
Dr. Econ
Dr. T's Economics Teaching Resources
Easy Economics (Think Quest)
Econ Data
Econ Ed Link
Economagic: Economic Time Series
Economic Education
Economic History Site (Think Quest)
Economic Lesson Plans (Discovery Education)
Economic Presentations
Economics (ProTeacher)
Economics (NEO K-12)
Economics (Wikipedia)
Economics (About)
Economics (Yahoo)
Economics and Personal Finance Content Videos for Teachers
Economics at Cal
Economics Classroom
Economics Directory
Economics Education and Financial Literacy: Resources
Economics - E-Journal
Economics for Kids (PPPST)
Economics in Plain English
Economics Gloss-arama
Economy for Kids (Scholastic)
Financial Institutions
General Economics Resources
Government and Economic Efficiency
Great Economic Lessons 6-12
Lesson Plans (McREL)
Lesson Plans (McREL)
Great Economists and Their Times
High School Economics
High School Economics Lessons
Ideas for Teachers (The Mint)
Introducing the Classroom Economy (Scholastic)
Lesson Plans (McREL)
Make Your Own Money/WebQuest
MIT Department of Economics
My Classroom Economy: Bring the "Real World" Into the Classroom (Scholastic)
Online Economics Lessons (Econ Ed Link)
Our Classroom Economy: As Easy As 1, 2, 3 and Totally Free (Scholastic)
Studying Economics
Teaching Economics As If People Mattered/Lesson Plans
THEN: Teaching History and Economics in Nebraska
TV for Economics
US Department of Treasury
Using Short Movie and Television Clips in the Economics Principles Class
The Wall Street Journal/Classroom Edition
What is Economics? (About)