Economics is the study of how people use resources, make choices, and share goods and services. Through inquiry learning, students ask questions about money, trade, and decision-making while exploring real-life situations. Instead of only learning definitions, they practice solving problems, comparing options, and thinking about fairness in the economy. Activities like role-play, debates, and projects make economic concepts practical and engaging. By connecting daily life to global issues, students discover how economic decisions shape the world around them. In this way, Economics becomes more than theory—it becomes a guide to understanding choices and responsibility.
🟢 Starter
- List three things people use money for.
- Compare needs and wants with examples.
- Draw a picture of a market with buyers and sellers.
- Write three sentences about why saving money is important.
- Role-play buying and selling snacks in class.
- Create a simple chart showing goods and services.
- Write one way your family makes economic choices.
- Compare coins and paper money.
- Draw your own imaginary currency.
- Write three questions you have about banks.
- Make a list of jobs in your community.
- Explain why people trade with each other.
- Role-play a shopkeeper and a customer.
- Write three examples of services you use every week.
- Compare shopping in a store and shopping online.
- Write a sentence about why people need budgets.
- Draw a poster about saving vs spending.
- Write down two ways advertising influences choices.
- Compare what children buy with what adults buy.
- Explain why resources are limited.
🟡 Practice
- Create a budget for a class party.
- Write a paragraph about how banks keep money safe.
- Compare prices of the same product in two stores.
- Debate whether pocket money should be given weekly.
- Create a poster about producers and consumers.
- Research how money has changed through history.
- Write a diary entry about working in a store.
- Create a chart of wants vs needs for your family.
- Compare saving money in a piggy bank and in a bank account.
- Write three ways to earn money as a student.
- Investigate how taxes are used in your community.
- Role-play a farmer selling crops at a market.
- Write a short story about starting a lemonade stand.
- Create a quiz with 10 economics questions.
- Compare two different types of jobs.
- Write about why scarcity creates choices.
- Research one invention that changed the economy.
- Write a paragraph about why trade between countries matters.
- Create a poster about fair trade.
- Compare two advertisements and how they attract customers.
🔴 Challenge
- Write an essay on how supply and demand affect prices.
- Debate whether money or happiness is more important.
- Research how inflation changes people’s lives.
- Create a presentation about the role of banks.
- Compare traditional markets with modern supermarkets.
- Write a persuasive speech about saving money.
- Research how world trade connects countries.
- Create a project on how technology changes jobs.
- Debate whether children should be allowed to work.
- Write a report on renewable resources in the economy.
- Compare the economies of two countries.
- Write about how advertising affects young people.
- Research how global events affect prices.
- Create a campaign to encourage saving.
- Write a diary entry from the perspective of a shop owner.
- Debate whether governments should control prices.
- Research the importance of entrepreneurship.
- Write an essay about how choices affect the environment.
- Propose three solutions for reducing poverty.
- Create a play about running a small business.