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Economics simulations on sale

Preview of Intro to Economics: Needs V. Wants

Intro to Economics: Needs V. Wants

An engaging way to begin a unit on economics! This fun and hands-on activity will have students explore the important concepts of human needs versus wants through an engaging rocket ship simulation. Students will be vicariously drawn into an emergency situation in which they must collaborate, and agree as to what items they consider as ‘essential’ for their survival on their rocket ship mission to live on a far away planet. An interactive Slide Presentation will help guide the groups on their jo
Preview of Scarcity _ Group Activity = 2087 Planet Earth _ A lesson on scarcity

Scarcity _ Group Activity = 2087 Planet Earth _ A lesson on scarcity

Include = Government Commission Scroll / Worksheet for student usage I have used this product as both a beginning of the year activity and as an activity to help students understand scarcity and opportunity cost. Beginning of the Year - Students work in a group to determine which items they would take on an expedition. The activity helps you see who is a natural leader, who needs more support, who is quiet, and who is content to allow others in the group to do the work. Scarcity and Opportuni
Preview of Distribution Simulation Interactive Student Centered Lesson Plan

Distribution Simulation Interactive Student Centered Lesson Plan

Created by
Mike Luzim
My all time favorite lesson. This was used for my marketing class but I also used it in my Economics class. Basically it introduces the idea of distribution (how things get from point A to point B). The students job is to get EGGMAN from point A to point B without damaging him.Includes the Lesson plan with the standards, essential questions, aim question and activity directions and 2 current event articles that relate and get kids very involved. Kids love this lesson and talk about it all the ti
Preview of Economic System Simulation - SS6E7.a

Economic System Simulation - SS6E7.a

The simulation is designed to engage students in a hands-on activity that explores the principles of traditional, market, and command economies. Students are divided into small groups, and each group is assigned one of the three economic systems. The task is for each group to create a scenario that vividly illustrates how economic decisions are made within their assigned system, addressing what to produce, how to produce, and for whom to produce. Students use visual aids such as posters or index
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Find Economics resources | TPT

If you’re an educator or parent looking for printable or digital resources to help your student learn about economics, TPT has got you covered. We’ve got a comprehensive collection of economics and financial literacy resources available, including activities and lessons on trade, goods and services, and the stock market to name just a few. With plenty of TPT high-quality resources at your fingertips, you’ll be able to teach economics to your students in no time at all.

Economics activities to try

Here are a few examples of the different types of activities and lessons you can find on TPT to help teach students about economics:

Simulation Activities

You can introduce students to the world of investing, budgeting, and other economics-related activities through simulations. For example, have students research companies they want to "invest" in to show them how the stock market works. If you want to extend the lesson, you can have them periodically check in on their portfolios throughout the year to see how their investments are performing. Or, you could use a simulation to teach them about causes that led up to certain major historical events, like the stock market crash of 1929.

Budgeting Exercises

Help students understand the importance of managing their own financial resources by challenging them to create a budget. Give them a few hypothetical scenarios involving income, expenses, and financial goals. For example, you could ask them to plan a fictional character's monthly expenses, or have them create a budget to save for buying a house.

Trade Games

Through trading games, students can learn about importing and exporting, along with the impact of external forces and trade agreements. Ask students to work in teams and have them trade goods, record their imports and exports, and respond to charges (like tariffs and embargoes).

Cost-Benefit Analysis

Give students a real-world decision to make (e.g., building a new road, investing in a new technology, or buying property) and have them perform a cost-benefit analysis. To deepen the learning, you can ask them to justify their decisions with evidence.

Frequently asked questions for teaching economics

What is economics?

The study of economics is a social science that focuses on the production, distribution, and consumption of goods and services. When teaching economics, the goal is to help students understand how individuals, businesses, governments, and societies make choices about resource allocation. Economics explores various topics related to this, including supply and demand, cost and benefits, and scarcity, to name just a few.

What types of economics resources are available on TPT?

There are many different types of economics resources sold by Sellers on TPT — from budgeting activities to simulation games to units.

How do I find economics resources on TPT?

Educators can save time preparing economics lessons with resources created by experienced teachers. Simply start a search for economics resources on the TPT marketplace, and filter by grade level, price, and/or resource type to find materials that've been proven to work in classrooms like yours. No matter what you’re teaching, there are plenty of lessons and activities sold by Sellers on TPT that are tailored to meet your students' skill levels.