Students will plan, create, and advertise their very own, unique store. An Entreduction - When entrepreneurs see an opportunity, they can do one of two things. They can develop either an invention or an innovation. Students will distinguish between goods and services, identify economic wants, and distinguish between producers and consumers. Homer's Uncle's newest capital resource, the doughnut machine, goes on a rampage making hundreds of doughnuts.
Students identify goods and services and learn that specialization leads to greater interdependence.
This immigrant went from rags to riches, a self-made man who became a captain of industry, the king of steel. He preached the obligation of the wealthy to return their money to the societies where they made it. Supply and Demand - This lesson allows for personal involvement in the concept of supply and demand which helps the students see how it relates to their everyday life. An entrepreneur takes the risk of bringing together resources to bring a good or service to market in hopes of making a profit. Other Web Sites - This page lists web sites offering a wealth of lesson plans for teaching economics, in addition to these lesson plans.