Laura Ewing President/CEO Texas Council on Economic Education

Interesting hands-on lessons that develop critical thinking skills for students in Economics, Social Studies, Math, and Career/Technical Education classes.

10 week simulation Grade 4 through 12 Teams of 2 to 5 Virtual $100,000 to invest Fall team fees supported by Merrill Lynch

Virtual Economics Globalization Financial Fitness for Life

12 (B ) explain how geographic factors such as climate, transportation, and natural resources have influenced the location of economic activities in Texas; 13 (B) identify oil and gas, agricultural, and technological products of Texas that are purchased to meet needs in the United States and around the world;

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1. Demand 2. Supply 3. Goods and services 4. Profit 5. Entrepreneurship 6. Price 7. Boomtown 8. Entrepreneur 9. Production

30 new students moved into your class and into every class at school? 25 new families moved into your neighborhood and every neighborhood in your area? there were so many more people…what would you need?

What do you see in these photos from 1901? What do you think these photos are? Where is Beaumont, Longview?

Beaumont population grew from 9,000 people to 50,000 in three months. Breckinridge population went from 600 in 1918 to 30,000 in 1919 February 1931 Longview grew from 5,000 to 10,000 in 2 months

What is the difference? Good: Services Which of the items on the list are goods and which are services? Rank order: which do you think most important to least important.

Beaumont population grew from 9,000 people to 50,000 in three months. Breckinridge population went from 600 in 1918 to 30,000 in 1919 February 1931 Longview grew from 5,000 to 10,000 in 2 months

1. You are going to be in six different groups. 2. Your group will read one primary source together. 3. What goods and services are limited in supply? 4. What factors caused an increased demand for G & S? 5. What new occupations developed? Why? 6. Are your lists of important goods and services the same as those 100 years ago? Explain. 7. What examples of entrepreneurship are there? What are examples of profit motive?

Beaumont population grew from 9,000 people to 50,000 in three months. Breckinridge population went from 600 in 1918 to 30,000 in 1919 February 1931 Longview grew from 5,000 to 10,000 in 2 months

1. Pretend that you live in a community that will soon have a huge boom in population. 2. It is a fictional town in the panhandle of Texas in Floyd County. There are 125 people now. You are close to highway Oil has been discovered and 1000 population is expected within 2 months

1. Floyd County: 125 to 1000 population in 2 months 2. One gas station which sells groceries (mainly milk and bread) 3. Work in small groups to: 1. A. List problems 2. B. What goods and services will they need? 3. C. Make a list of actions needed to help people deal with population boom.