Rationing Scarce Goods and Services

In a life or death situation, what resources would you choose to survive—and why? A zombie attack simulation teaches learners the concepts of scarcity and resources in regards to economics. The hands-on activity requires individuals to...

Class members begin this engaging economics activity by listing all the resources used in producing a car and using that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources, and...

Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics. 

Your learners will take key economic concepts, such as identifying needs versus wants and the four factors of production, and design a video to explain their topic choice to the class. Rather than have one person in charge of dispensing...

From scarcity and marginal benefits and costs to economic systems and GDP, this 22-question multiple choice test covers some of the most fundamental concepts of economics.

Why are some goods public and others private? Scholars compare and contrast what makes an item a rival or excludable as they listen to an enlightening podcast. They investigate everything from street lights to automobiles, placing items...

It doesn't take a lecture on economics to convince teenagers that one's wants often exceed one's means, but this presentation will hopefully help them to understand the discrepancy. Using an example of pizza and robot arms, the slides...

Young scholars determine how community members serve others. In this service learning lesson, students interview community members who volunteer by serving others. Young scholars then determine how they could serve their community.

After discussing their opinions of performing community service, young learners read an article about different benefits of serving the community. They participate in a debate about whether their school should require pupils to perform...

In this video [10:13] learn the difference between rivalry and excludability, and how these characteristics determine whether a good is a private good, public good, artificially scarce good, or common resource.