This document provides resources for teaching economics and financial literacy concepts. It includes links to websites with activities on topics like scarcity, opportunity costs, incentives, trade, and the factors of production. Games, videos and practice tests are referenced to help students learn concepts like supply and demand. Overall, the document aims to offer tools and materials for explaining core economic principles through engaging examples and interactive media.

1. dkozdras@usf.edu Website: stavros.coedu.usf.edu
https://tinyurl.com/stavroscenterresources
Presented by: Deborah Kozdras
For Dr. Cruz SSE4334

2. What Economics is About
Fifty Nifty Econ Cards:
http://apps.federalreserveeducation.org/resources/fif

3. I Pencil…

4. 1 Small Pencil
+
6 Big Principles
=
Economic
Thinking
http://www.kidseconposters.com/images/6core.swf

5. 1: People Choose
We always want more than
we can get and productive
resources (human,
natural, capital) are always
limited. Therefore, because
of this major economic
problem of scarcity, we
usually choose the
alternative that provides
the most benefits with the
least cost.
What productive resources are
used to make a pencil?
Why do you choose a brand of
pencil?
What is a substitute good for a
pencil?
What are some complementary
goods?

6. 2: All Choices Involve Costs
The opportunity cost is the
next best alternative you
give up when you make a
choice. When we choose
one thing, we refuse
something else at the
same time. You have to choose
between a pencil and a pen.
Which one would you
choose? What did you give
up when you made your
choice?

8. 3: People Respond to
Incentives
What are the incentives to choose
an eco-friendly pencil made of
recycled materials?
Incentives are actions,
awards, or rewards that
determine the choices
people make. Incentives
can be positive or
negative. When incentives
change, people change their
behaviors. Incentives can
be economic, social, or
moral.

9. 4: Economic Systems Influence
Individual Choices and Incentives.
People cooperate and govern
their actions through both written
and unwritten rules that
determine methods of allocating
scarce resources. These rules
determine what is produced,
how it is produced, and for
whom it is produced. As the
rules change, so do individual
choices, incentives, and
behavior.
Think about pencils. How are
decisions made about the types and
quantities of pencils in your schools?

10. 5: Voluntary Trade Creates
Wealth
People specialize in the
production of certain goods and
services because they expect to
gain from it. People trade what
they produce with other people
when they think they can gain
something from the exchange.
This is self interest. Some
benefits of voluntary trade
include higher standards of
living and broader choices of
goods and services.
How many regular pencils would you
have to trade for a mechanical pencil?
Who benefits from such a trade?

11. 6: The Consequences of
Choices Lie in the Future.
Economists believe that the cost
and benefits of decision making
appear in the future, since it is
only the future that we can
influence. Sometimes our
choices can lead to unintended
consequences.
• What are the costs and benefits of
bringing your pencil to class?
• What are the consequences of
forgetting your pencil?

12. Factors of Production

13. Exploring http://www.econedlink.org/

14. Additional
• Calculators
http://www.econedlink.org/tools/1?types=8
• Animations
http://www.econedlink.org/tools/1?types=20
• Games
http://www.econedlink.org/tools/1?types=18
• Videos
http://www.econedlink.org/tool
s/1?types=15
• FloridafinancialLiterac
y.weebly.com

15. Financial Literacy Resources
• Florida Standards based resources for
financial literacy
http://floridafinancialliteracy.weebly.com/
http://floridafinancialliteracy.weebly.com/

16. Econ Content Test
• http://www.fl.nesinc.com/prepPage.asp?
test=037
• https://quizlet.com/14323168/economics-
ftce-flash-cards/
• https://www.ftceexampracticetests.com/ftc
e-social-science-6-12-exam/