Scarce Economic Resource Markets Activities for High School

Instructor: Clio Stearns

Clio has taught education courses at the college level and has a Ph.D. in curriculum and instruction.

Part of comprehending economics and how markets works involves understanding scarcity. This lesson offers activities that will help your students learn about scarce economic resource markets in hands-on ways.

Teaching About Scarce Economic Resource Markets

As a high school economics teacher, you will want your students to understand what it means to deal with scarcity. In other words, your students will need not only a psychological, but also an economic understanding of what it means to not have enough of a particular resource, service, or commodity.

Understanding scarcity can be challenging, as different students will come at it from different personal and political perspectives. One way to help give students a more intellectual approach to the theme of scarce economic resource markets is to build some activities into your instruction.

The activities in this lesson appeal to different learning styles while helping your students develop their understanding of these themes.

Visual Activities

In this section, you will find activities that appeal to visual learners, those who benefit from working with images and graphic organizers.

Diagraming Scarcity

Ask students to work in partnerships for this activity and have each pair focus on a different good, service, or natural resource. Have them imagine what it would be like for an economy where there was a scarcity of this resource. For instance, what is it like to not have enough teachers or doctors? To not have enough fuel, or vegetables?

To unlock this lesson you must be a Member.
Create your account

Register to view this lesson

Are you a student or a teacher?

Unlock Your Education

See for yourself why 30 million people use

Become a member and start learning now.
Become a Member  Back
What teachers are saying about
Try it risk-free for 30 days

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Create an account to start this course today
Try it risk-free for 30 days!
Create an account