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?

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