Economics | Mankiw's 7 Principles | Interactive Student Stations Activities

This 30 page lesson gives you everything you need to conduct a lesson/student activity on Mankiw’s 7 Economic Principles.

The Economic Principles addressed in this lesson are:

1) People Face Tradeoffs

2) Our Choices have Costs and Benefits

3) Thinking at the Margin

4) Incentives are Important

5) Trade makes Everyone Better Off

6) Markets are a Good Place for Trade

7) Our Decisions have Future Consequences

In this lesson your students will:

1) Create an Application Handbook that requires students to conduct an in-depth study of each of the 7 economic principles (above) while they rotate to 7 different “stations” around the classroom and complete different HANDS-ON activities.

2) While students visit each of the 7 stations around the classroom they will be required to complete a short activity/task that will allow them to gain a deeper understanding of each of the principles. (Tasks included: participating in a simulation in which they “trade” with their table partners to simulate markets, watch a short video clip to visualize different types of markets, examine 6 decisions made by an imaginary government to predict some possible unintended consequences and MORE…) each activity requires critical thinking…

This lesson INCLUDES all the materials needed for the lesson/ student STATION’s and STEP-BY-STEP teacher directions!

***Includes a Traditional and GOOGLE version for your use!

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 Created by: Learning is a Passion