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Understanding Economics
                                                 in
                                     U.S. History
             How Economics Can Strengthen the Teaching of History



                                 Today You'll Discover How To:

                      1. Apply Economic Reasoning to Historical Events


                      2.   Use Mystery-based Lesson Plans and Activities


                            3. Find Supplemental Online Lesson Plans


Resources:
Focus: Understanding Economics In U.S. History -- http://ushistory.councilforeconed.org
EconEdLink -- http://www.econedlink.org




Troy D. White, Director of Sales and Marketing
Council for Economic Education
                                                                                          GMNY 2009
twhite@councilforeconed.org
                                                                                  February 7, 2009
212-730-1791 work
917-270-0634 cell
I became a teacher because

__________________________________________________________________________



__________________________________________________________________________



__________________________________________________________________________



__________________________________________________________________________
What are some of the challenges of teaching history?




How Economics can help
Economics stresses that all people make choices. But...

... they don’t know, at the time, what the consequences of their choices will be.

  So, people make decisions by weighing costs vs. benefits.




                                     Your Goal
  Get your students to see a range of possibilities by looking at historical events
                   through a prism of costs vs. benefits analysis




GUIDE TO ECONOMIC REASONING

1 People choose.
2. People’s choices involve costs.
3. People respond to incentives in predictable ways.
4. People create economic systems that influence individual choices and
incentives.
5. People gain when they trade voluntarily.
6. People’s choices have consequences that lie in the future.
Visit
http://ushistory.councilforeconed.org/related_lessons.php
                   to find online lessons
Finding Teachable Moment Lesson Plans on EconEdLink.org
Step 1. Scroll to the bottom of http://www.econedlink.org and click on "quick search" to find
        a particular concept

Step 2. Refine your search with the "Find a Lesson" section on the left side of the screen.
        Click the "advanced" button to search the title and body for keywords

Step 3. Use these links to navigate the site:

   a) Current Events – latest economic news, with "related lesson plans" that help you
      apply economics lessons to current events

   b) Weblinks – online resources and Web sites

   c) Datalinks – key economic data, and what it means

   d) Cyberteach – includes a "Today In History" with related lessons to teach that topic;
      EconEdLink Tools, http://www.econedlink.org/cyberteach/tools.php, has interactives

   e) Standards – find lesson plans that meet the NY economic standards




References, Additional Resources for Teaching Economics in
U.S. History

Historical Statistics of the United States: Millennial Edition, Edited by Richard Sutch and
Susan Carter with contributions from 200 other scholars, Cambridge University Press, 2006


History of the American Economy, Gary M. Walton and Hugh Rockoff, South-Western
Thompson Learning


American Economic History, Jonathan Hughes and Louis P. Cain, Pearson Education, Inc.


An Entrepreneurial History of the United States, Gerald Gunderson, Beard Books


Basic Economics: A Citizen's Guide to the Economy, Thomas Sowell, Basic Books


Common Sense Economics: What Everyone Should Know About Wealth and Prosperity
James Gwartney, Richard Stroup and Dwight Lee, St. Martin’s Press
www.commonsenseeconomics.com

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Understanding Economics in US History, by Troy D. White

  • 1. Understanding Economics in U.S. History How Economics Can Strengthen the Teaching of History Today You'll Discover How To: 1. Apply Economic Reasoning to Historical Events 2. Use Mystery-based Lesson Plans and Activities 3. Find Supplemental Online Lesson Plans Resources: Focus: Understanding Economics In U.S. History -- http://ushistory.councilforeconed.org EconEdLink -- http://www.econedlink.org Troy D. White, Director of Sales and Marketing Council for Economic Education GMNY 2009 twhite@councilforeconed.org February 7, 2009 212-730-1791 work 917-270-0634 cell
  • 2. I became a teacher because __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________
  • 3. What are some of the challenges of teaching history? How Economics can help Economics stresses that all people make choices. But... ... they don’t know, at the time, what the consequences of their choices will be. So, people make decisions by weighing costs vs. benefits. Your Goal Get your students to see a range of possibilities by looking at historical events through a prism of costs vs. benefits analysis GUIDE TO ECONOMIC REASONING 1 People choose. 2. People’s choices involve costs. 3. People respond to incentives in predictable ways. 4. People create economic systems that influence individual choices and incentives. 5. People gain when they trade voluntarily. 6. People’s choices have consequences that lie in the future.
  • 5. Finding Teachable Moment Lesson Plans on EconEdLink.org Step 1. Scroll to the bottom of http://www.econedlink.org and click on "quick search" to find a particular concept Step 2. Refine your search with the "Find a Lesson" section on the left side of the screen. Click the "advanced" button to search the title and body for keywords Step 3. Use these links to navigate the site: a) Current Events – latest economic news, with "related lesson plans" that help you apply economics lessons to current events b) Weblinks – online resources and Web sites c) Datalinks – key economic data, and what it means d) Cyberteach – includes a "Today In History" with related lessons to teach that topic; EconEdLink Tools, http://www.econedlink.org/cyberteach/tools.php, has interactives e) Standards – find lesson plans that meet the NY economic standards References, Additional Resources for Teaching Economics in U.S. History Historical Statistics of the United States: Millennial Edition, Edited by Richard Sutch and Susan Carter with contributions from 200 other scholars, Cambridge University Press, 2006 History of the American Economy, Gary M. Walton and Hugh Rockoff, South-Western Thompson Learning American Economic History, Jonathan Hughes and Louis P. Cain, Pearson Education, Inc. An Entrepreneurial History of the United States, Gerald Gunderson, Beard Books Basic Economics: A Citizen's Guide to the Economy, Thomas Sowell, Basic Books Common Sense Economics: What Everyone Should Know About Wealth and Prosperity James Gwartney, Richard Stroup and Dwight Lee, St. Martin’s Press www.commonsenseeconomics.com