Incentive and choice Teacher Resources

Find Incentive and choice lesson plans and worksheets
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Making Choices

For Teachers 2nd
Second graders explore financial decision making. In this introductory economics lesson, 2nd graders listen to the book Alexander, Who Used to be Rich Last Sunday by Judith Viorst, and discuss making financial choices based on wants and...
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Economic Reasoning: Why Are We A Nation Of Couch Potatoes?

For Teachers 9th - 10th
Young scholars examine the visual aids of this instructional activity to study the costs and benefits of decisions about diet and exercise. They investigate human choice as it affects behavior and in turns effects economics and...
7:40
Lesson Planet

The Economics of House of Cards

For Students 10th - 12th Standards
How does the modern television show House of Cards and its dramatization of a power-hungry congressman in American government illustrate public choice theory—the concept that politicians retain personal interests after being elected into...
Lesson Planet

Economic Goals and Measuring Activity

For Teachers 9th - 10th
Explore the role of government in the economy market. Young scholars analyze the economic decision-making process and how it takes into consideration additional cost, benefits, and public awareness of what they are trying to accomplish....
Lesson Planet

Give and Take

For Teachers 7th - 8th
Students analyze a scheduling dilemma. In this opportunity cost and trade-offs lesson, students must schedule the school gym for basketball games, but there are not enough hours for all the games. Groups determine how time will be...
Lesson Planet

The Economic Way of Thinking - About Everything

For Teachers 8th - 12th
Students write their definitions of economics on index cards and revise them as the lesson continues. They discuss the principles of economic reasoning and after completing a quiz, use economic reasoning to solve "real life" mysteries.
Lesson Planet

Factors of Production and Economic Decision-Making

For Teachers 10th - 12th Standards
Class members begin this engaging economics activity by listing all the resources used in the production of a car, and use that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources,...
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The Economics of Voting

For Teachers 9th - 12th
Students examine the voting behavior of people during a presidential election to determine costs and the benefits of voting and how this behavior is influenced by incentives.
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Economics Quiz: Chapter 13 Section 1

For Students 11th - 12th
Economic business cycles and predictable market change can be tracked using statistical data. Try a 10 question quiz to test your class on economic indicators, business cycles, and the GDP.
Lesson Planet

The Impact of Price on Purchasing Decisions

For Teachers 7th - 12th
Students examine how price affects decisions about purchasing goods and services and how positive and negative incentives influence behavior in the market economy. In this impact of price and purchasing decisions lesson plan, students...
Lesson Planet

Chapter-2 Section 3: Economics Basics

For Students 11th - 12th
One page of multiple choice and matching questions assess understanding of basic economics concepts like free enterprise, private property rights, and profit motive. Even though this quiz is intended to accompany a specific textbook, it...
Lesson Planet

Economics Quiz: Chapter 5 Section 2

For Students 11th - 12th
Have you just finished a chapter on the four stages of production? If so, you'll be able to hand out a short pop quiz. There are 10 questions total, all related to production economics. 
Lesson Planet

Lesson on economic value of education

For Teachers 9th - 12th
Students use economic reasoning to analyze both the short-term and long-term benefits and opportunity costs of educational choices, identify incentives that may influence students' career decisions and solve an "economic mystery"
Lesson Planet

What is a Stock? or, Who Owns McDonald's?

For Teachers 7th - 9th
Students explore profit and risk. In this economics lesson, students read about McDonald's and Nabisco stock and discuss the risks and rewards of stock ownership. Printable worksheets ask questions about rights of stock owners and the...
Lesson Planet

Choice, Opportunity, Cost and Decisions

For Teachers 9th - 12th
Learners discuss the definition of scarcity and tradeoffs, and the differences between choice and cost. They create budgets and must provide tradeoffs for some of their choices.
Lesson Planet

Honors Test Review: Chapters 9 & 10- Taxes and Spending

For Students 11th - 12th
Give your honors economics class a head start with a three-page study guide focused on tax and spending in the US. There are 10 graphs to analyze along with 36 fantastic guiding questions. Maybe your A students can do your taxes this year!
Lesson Planet

Economics for Leaders Performance Assessment

For Teachers 9th - 12th
Young scholars participate in a scenerio in which they are assessed on the material in previous lessons. In groups, they prepare a presentation based on their solutions to the given problem. They develop their critical thinking skills...
Lesson Planet

Beach Burgers

For Teachers 12th
Twelfth graders develop economic literacy of basic economic problems confronting all societies. Economic decision making, scarcity to make choices, economic confronts, market system, prices, demand curves and supply curves are all covered.
8:23
Lesson Planet

Environmental Econ

For Students 9th - 12th Standards
How does the economy affect the environment—and vice versa? A video from Crash Course Economics discusses the ways supply and demand for products made with non-renewable resources can result in the Tragedy of the Commons, or even in the...
Lesson Planet

PRODUCTION, CONSUMPTION, AND INCENTIVES

For Teachers 5th
Fifth graders design a web page. They include features he or she would typically like to see when visiting web pages. They title the topic of the web page "Features That Make a Great Web Site." They explain that there are incentives...
Lesson Planet

Incentives Matter

For Teachers 6th - 8th
Students identify what motive people. They will learn about both positive, and negative incentives. They will use this knowledge to make predictions about how people will behave. They will apply this knowledge to economics.
Lesson Planet

The Market Economy

For Teachers 6th - 12th Standards
From consumers and producers to profits and incentives, offer your learners an overview of the market economy and the concept of supply and demand. Here you will find reading materials that cover several fundamental terms of economics,...
Lesson Planet

Rebuild Your Community

For Teachers 9th - 12th
Students explore the Gulf Coast disaster and what it took to rebuild the community surrounding it. In this economic development lesson, students watch a video from the Nightly Business Report and explore what all it takes to make up a...
Lesson Planet

What Works and What Doesn't: The Potential and Limitations of Fiscal Policy

For Teachers 12th
Twelfth graders study micro- and macro-economies. They examine theories about fiscal policy and the relationships between consumption and output, tax policy and government spending changes. They also consider how economic perspectives...
Lesson Planet

Is Capitalism Good for the Poor? | How Incentives Affect Innovation

For Teachers 9th - 12th
Learners focus on the role played by a nation's institutions in generating creativity, invention and innovation, and analyzes how innovation promotes the economic growth that raises standards of living and alleviates poverty.
Lesson Planet

Prescription for the Economy

For Teachers 7th - 12th
To better understand the link between health care and the economy, learners first interview an adult about their experiences with health care. They gather data to create a multi-media presentation that shows the impact of health care...
Lesson Planet

You Can BANK on This! (Part 4)

For Teachers 3rd - 5th
Young scholars assess both negative and positive incentives associated with credit card use. They identify profit as an economic incentive for banks to offer credit cards.
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Is the Tassle Worth the Hassle?

For Teachers 8th - 12th
Students analyze the costs of college education. In this economics lesson plan, students discuss the concept of opportunity cost as it relates to obtaining a college degree to secure a job.
Lesson Planet

Investing

For Teachers 7th - 12th
Learners discover information about making investments. In this personal finance lesson, students watch a video and visit the Vanguard website in order to complete a worksheet activity to help them identify methods of investments.
Lesson Planet

Document: advertisements Change Business

For Teachers 7th - 8th
Students consider how new technology is incorporated into an economic system. In this economics lesson, students analyze advertising images form the 19th and 20th century to discover the economic connections between advertising,...
Lesson Planet

Basic Trading

For Teachers 2nd - 6th
Students review the basic ideas of exchange. In groups, they discover the incentives for trade and participate in a simulation. They are given a packet of stamps which are worth varying monetary amounts. They discover the concepts of...
1 In 1 Collection
Lesson Planet

Episode 12: Price Signals

For Students 8th - Higher Ed Standards
Does the government really control the prices of consumer products? Scholars look into the concept of price signals and how they relate to the overall buying and selling power in a market economy. The 12th lesson of a 21-part Economic...
Lesson Planet

Economics: Actions of Government

For Teachers 10th - 12th
Students examine the susceptibility of legislators to agricultural lobbyists to support subsidy programs. In small groups, they role-play as members of interest groups that might be affected by inflation.
Lesson Planet

Is the Tassel Worth the Hassle?

For Teachers 8th - 10th
Students examine the short and long term benefits of educational choices. They investigate incentives that influence student's career choices and solve and economic mystery using a web tool.
Lesson Planet

Tapped Dry: How Do You Solve a Water Shortage?

For Teachers 9th - 12th
Students, after evaluating different allocation methods for water, determine the costs and benefits of each method.
Lesson Planet

Hey, Mom! What's for Breakfast?

For Teachers 3rd - 6th
Students examine how he world eats breakfast. In this food choices lesson, students work in groups to list breakfast foods and their ingredients and find goods and consumers on the list. The, students use the Internet to complete a...
Lesson Planet

Filling Empty Pockets: Borrowing, Loans, and Credit

For Teachers 9th - 12th
High schoolers examine credit components and how each works within our economy today. For this financial literacy lesson, students explore credit terms and make decisions based on real credit card offers that they find in their on line...
Lesson Planet

Gentrification

For Teachers 7th
Seventh graders compare and contrast free markets, command economies, and mixed economies as demonstrated by making a summary of each. They develop solutions or alternatives to gentrification as demonstrated by producing a law proposal....
Lesson Planet

Shrimp-Onomics

For Teachers 9th - 11th
The effect of imported goods on domestic producers is brought home in this economics lesson uses the shrimping industry of North Carolina as a model.
Lesson Planet

Schools for Sale

For Teachers 6th - 12th
Students differentiate between public and private goods. They analyze and evaluate various and positions on a public issue. They establish decision-making criteria. They develop a public policy based on a formal decision making model.
Lesson Planet

Non-Western Economic Values

For Teachers 8th - 9th
Students engage in a game of economic exchange that present a variety of perspectives on wealth. They read scenarios and write a journal response to the scenario. They discuss how we use money in the Western culture and discuss how...
Lesson Planet

Money Matters Curriculum

For Teachers 9th - 12th
Students complete a concept map on how money matters in our society. They use the internet to discover an online exhibit about money. They also complete a concept map.
Lesson Planet

Writing Environmental Laws Refer To Reading Material

For Teachers 7th - 12th
Students examine the steps and decisions that are made when drafting an environmental statute. They examine the interplay of opinions, values, beliefs, and science in the development of law. They identify methods to obtain information...
Lesson Planet

How Markets Work

For Teachers 9th - 10th
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
Lesson Planet

Money and Banking

For Teachers 9th - 10th
Students explore the role of government in the economy market. In this economics instructional activity, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they...
Lesson Planet

Inflation and Unemployment

For Teachers 9th - 10th
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
Lesson Planet

Market Changes

For Teachers 9th - 10th
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
Lesson Planet

The Federal Reserve

For Teachers 9th - 10th
Students explore the role of government in the economy market. In this economics lesson, students analyze the decision making and how it takes into consideration additional cost, benefits and public awareness of what they are trying to...
Lesson Planet

Inside the Vault-Entrepreneurship

For Teachers 9th - 12th
High schoolers explore entrepreneurship. In this economic study instructional activity, students take a pretest on attitudes, review characteristics that make up an entrepreneur, review a list of famous entrepreneurs, and create a 5...
Lesson Planet

Environment: Fishing and Property Rights

For Teachers 4th - 6th
Students participate in a role-playing "fishing game" to discover how over-harvesting can eliminate a resource. In the second round of the game, students are told they can only fish in their assigned territories. Students explain the...
Lesson Planet

Inside Money

For Teachers 9th - 12th
Students watch a video of a fictional country that is facing monetary problems. They work to answer questions that help solve the countries economic difficulties.
Lesson Planet

DRY WELLS THAT ARE NOT SO DRY

For Teachers 10th - 12th
Students analyze how producers respond to incentives and allocate their scare resources to maximize profits. They write persuasive letters to government officials and others. They read "Dry Wells That Are Not So Dry." They take notes...
Lesson Planet

"Real Life" Budgeting Project

For Teachers 6th - 8th
Middle schoolers experience what it is like to be a responsible citizen through a monthly budget through using a variety of research skills. They apply collected data in a decision making exercise and present the final product in a...
Lesson Planet

Economics: Who Benefits from Competition?

For Teachers 10th - 12th
Students examine competitive markets and complete a simulation called "The More. the Merrier." In the simulation they assess how goods are more available when competition increases. Students investigate how competition and the opening of...
Lesson Planet

What's In It For Me?

For Teachers 11th - 12th
Students analyze the costs and benefits that are involved with owning a business. They create their own decision making grid and identify their trade-offs. They also identify the opportunity costs involved in owning their own business.
Lesson Planet

Thinking About Money and Goals

For Teachers 7th - 10th
Students explore the concept of buyer's remorse and impulse spending. In this buyer's remorse and impulse spending lesson, students discuss times that they have purchased an item through impulse spending or had buyer's remorse. Students...
Lesson Planet

A Proper Role for Government - Seeking Perfection in an Imperfect World

For Teachers 8th - 12th
Students discuss the proper role of government in the economy. Reviewing the foundations for a market economy to work properly, they decide how to best direct resources to get the most out of them. They distinguish between private and...
Lesson Planet

The IMF In Action: How Can the IMF Help In Time of Crisis?

For Teachers 9th - 12th
Students attempt to solve a countries economic problems. They investigate inflation, devaluing currency and foreign exchange.
Lesson Planet

In the Chips

For Teachers 9th - 10th
Students explain how markets work and the role of prices within markets is an important key to being able to explain and predict economic behavior. In true markets, prices are determined by the interaction of buyers and sellers.
Lesson Planet

Financial Fables: Shopping Wisely with Olivia Owl

For Teachers K - 5th Standards
Cover two subjects with one lesson! First, dive into English language arts; read an eBook, answer comprehension questions, and complete a cause and effect chart about the financial fable, Shopping Wisely with Olivia Owl. Then, take a...
Lesson Planet

Is Capitalism Good For the Poor?

For Teachers 9th - 12th
High schoolers discuss if capitalism is good for the poor sector of community. Reading a case study, they characterize markets by the amount of competition. They answer questions and discuss the answers as a class. They examine the...
Lesson Planet

Externalities, Property Rights and Pollution

For Teachers Higher Ed
Students discuss the positive and negative externalities of various situations. They use the concept of property rights in discussing specific problems.
Lesson Planet

Externalities, Property Rights and Pollution

For Teachers 9th - 12th
Students identify the various externalities for any type of production. Using that information, they examine situations in which they are positive and negative. They discuss government efforts to protect the environment and humans. In...
Lesson Planet

Thinking About Money

For Teachers K - 2nd
Students evaluate various approaches to spending money.In this spending money literacy instructional activity, students broaden their financial goals by reading "Alexander Who Used to Be Rich Last Sunday" and "A Chair for My...
Lesson Planet

Credit Cards: Is One Right for You?

For Teachers 7th - 12th
Students compare the pros and cons of using credit cards. For this personal finance lesson, students discuss the advantages and disadvantages of credit card use as they watch a personal finance video. Students conduct searches for credit...
Lesson Planet

Supply Shocks: For Better or Worse

For Teachers 10th - 11th
Investigate the impact of supply shocks on prices and output. Upper graders use the market for oil and gasoline as a basis for an exploration into the causes and responses to the events surrounding an assigned supply shock.
Lesson Planet

Money Smart Teens

For Teachers 6th - 8th
Students plan positive goals for spending resources and understand why not to spend. In this financial planning lesson plan, students set up personal spending plans based on their resources and their long term plans. Students plan for...
Lesson Planet

Property Rights: Soviet Farms

For Teachers 9th - 12th
Young scholars examine the problems with the collectivized agriculture program in the Soviet Union. They listen to a teacher-led lecture, participate in a property rights scenario activity, create a plan for maximizing the value of...
Lesson Planet

Thinking About Money

For Teachers 3rd - 5th
Students explore the concept of a personal budget. In this philanthropy lesson, students use a Venn diagram to compare 2 stories in which the main characters spend money in different ways.
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American Democracy

For Teachers 12th
Twelfth graders represent a specific interest in the business community and must present a plan that benefit the community and present the least amount of danger to the community. They must convince the city fathers that their venture is...
Lesson Planet

African Country Report

For Teachers 6th
Sixth graders describe the relationship between the people of Africa and their environment. They examine the climate, economy and inhabitants of this land. Using maps graphic organizers and writing a report, 6th graders demonstrate how...
Lesson Planet

Comparing Chinese and US Communism Propaganda

For Teachers 9th - 12th
Students compare Chinese propaganda to Cold War era U.S. propaganda. In this propaganda lesson plan, students create propaganda posters.
Lesson Planet

Sincerely, Marco Polo

For Teachers 6th
Sixth graders practice their letter-writing skills. In this writing lesson, 6th graders compose a detailed letter to the people of Europe from Marco Polo that includes information regarding the Yuan dynasty of China.
Lesson Planet

Keystone Science School: Sustainable Automobiles

For Teachers 5th - 11th
Students explore how to choose the correct car for them based on their needs.
Lesson Planet

Inflation and Money

For Teachers 10th - 12th
Young scholars define money in terms of its functions and refer back to discussion of markets and the role of money in reducing transaction costs. They give examples of types of money.

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Incentive and choice