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Elementary Economic Concepts

Everyday EconomicsHelp broaden your students’ understanding of the underlying economic principals behind current events, as well as other more basic economic concepts.


Economic concepts featured in elementary lessons. Click on the date to go the lesson.

A              
allocation 9/13/9 2/21/10 8/22/10 8/29/10 2/27/11    
altruism 8/22/10            
American Civil War (causes) 1/16/11            
B              
barrels (of oil) 3/6/11            
barter economy 10/25/9            
behavioral economics 2/27/11            
bond (country) 5/23/10            
C              
capital resource 9/26/10            
cause vs. correlation 10/17/10            
charity vs. philanthropy 8/22/10            
classroom economy 4/24/11            
choice 12/13/9 1/10/10 2/28/10 8/22/10 10/10/10 10/17/10 10/31/10
common (property) 8/29/10 10/31/10          
competition 1/31/10            
consumer preference 10/18/9            
cost/benefit 12/13/9 5/15/11          
cost of production 3/14/10            
crops 2/13/11            
customer 11/14/10            
D              
disincentives 4/25/10            
dividend 11/14/10            
Dow Jones Industrial Average 11/28/10            
E              
economic education 12/5/10            
economic freedom 1/30/11            
economic stimulus 8/31/9            
economic systems 1/30/11            
economy of scale 2/14/10            
education 3/7/10            
emerging markets 11/14/10            
entrepreneur 2/14/10 9/26/10          
exporter 3/6/11            
externalities (or spillovers) 9/6/9 10/31/10          
F              
Federal Poverty Level (FPL) 1/2/11            
Federal Reserve Bank 10/11/9            
financial literacy 3/28/10 12/5/10          
financial planning 3/27/11            
fiscal policy 12/12/10            
free rider 3/21/10            
G              
gift economy 10/4/9            
gift-giving 4/4/10            
goods and services 1/3/10            
goods vs. services 4/10/11            
H              
historical prices 2/20/11            
human capital 1/17/10 5/9/10          
hyperinflation 1/9/11            
I              
immigrant 5/23/10            
incentive(s) 9/6/9 10/4/9 10/25/9 11/8/9 4/11/10 4/24/11  
industry 11/14/10            
inflation 2/13/11 2/20/11          
investing 11/28/10            
investors 11/14/10            
L              
labor 4/10/11            
life value 11/15/9            
long-term investor 11/14/10            
M              
marketing 11/29/9            
moral hazzard 12/13/9            
N              
Nasdaq 11/28/10            
National Commission on Fiscal Responsibility & Reform 12/12/10            
natural resource 9/26/10            
needs vs. wants 8/22/10 4/17/11          
New York Stock Exchange (NYSE) 11/28/10            
O              
off-shoring 2/14/10            
opportunity cost 11/1/9 3/7/10 4/11/10 5/15/11      
option (choice) 3/7/10            
outsourcing 11/29/9 2/14/10          
P              
Personal Financial Literacy (PFL) 5/2/10 3/27/11 4/24/11        
philanthropy 11/8/9            
poverty 2/7/10            
President and Congress 10/11/9            
prices 11/28/10 3/6/11          
prices vs. costs 4/17/11            
productivity 9/12/10            
property rights 9/13/9 4/11/10 1/16/11        
property rights (patent) 2/14/10            
public good 3/21/9 5/15/11          
R              
recession-resistant 11/14/10            
recovery vs. expansion 4/17/11            
regulation 4/25/10            
resource 11/22/9 10/31/10          
S              
scarcity 9/13/9 2/7/10 2/21/10 3/14/10 1/9/11 2/13/11 2/27/11
self-employed 2/28/10            
shortage 11/29/9            
specialist 11/28/10            
Standard & Poor's 500 (Index) 11/28/10            
stock 11/14/10            
substitute good or service 12/6/9 1/10/10 5/8/11        
supply 3/6/11            
supply and demand 10/18/9 11/22/9 1/3/10 10/3/10      
T              
tax bill 12/12/10            
trade-off 11/8/9 11/15/9 12/6/9 2/28/10      
tragedy of the commons 11/1/9            
U              
unintended consequences 11/8/9 10/10/10          
unit price 3/14/10            
wants 1/10/10            
wants vs. needs 4/4/10            
wealth / income 10/17/10            

Everyday Economics is written by Dennis Grogran, Program Director, Colorado Council for Economic Education. For information about CCEE's other programs, call 303-752-2323 or e-mail dgrogan@ccee.net.
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