Economic Connections

Educational services promoting economic and personal finance literacy

 

 

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General Economics

Household Choice

Business Choice

Role of Government

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Web Links: Business Choice

 

State standard: How businesses confront scarcity and choice when organizing, producing, and using resources, and when supplying the marketplace

 

Business/Entrepreneurship (see also Advertising/Media)

Invention/Innovation

resources/production/DISTRIBUTION

 

Michigan Educators! Don’t miss Michigan Links for more web pages concerning business and industry.

 

Profits Town 47920.   A web site created by Indiana elementary students introducing their community and its businesses as part of the Community Publishing curriculum published by the National Council on Economic Education.

 

How Can Entrepreneurs Control Costs?. A reading with questions on determining the fixed and variable costs of a company.

 

 

 

Business/Entrepreneurship

 

 

Are You an Entrepreneur? Take this quiz to help you decide whether you have the personality for successful entrepreneurship.

 

By Kids for Kids. A site for elementary to high school inventors and their teachers. The site takes students step-by-step through the invention process.  An extensive set of links to information on inventors and inventions throughout history, the invention process, and other learning resources. There is also a kids invention competition.

 

The Basics of Business History: Top 100 Events at a Glance.  The Street.com offers this list of the most notable events of the 20th Century affecting business.  At the top of the list is the creation of the U.S. Interstate highway system, the Intel microprocessor, the creation of the FED, and the Great Depression.

 

Be Your Own Boss.  The U.S. Mint offers a quiz to help young persons determine whether they have the personality to succeed at running a business and advice on how to get started.

 

Building a Dream.  Advice on starting a business from a teen entrepreneur.

 

Business and Ethics. The Better Business Bureau offers advice on starting and operating a business and its codes on advertising.  Warnings on business fraud are another feature. 

 

The Business of Babysitting. The University of Illinois Extension offers this online guide to good business practices and childcare.

 

The Consortium for Entrepreneurship Education.  Choose the Teacher Materials link for free entrepreneurship case studies, transparency ideas, and potential projects and activities.  Not the best site on the Internet but some of the information will be useful to educators creating a new entrepreneurship program.

 

Discover Business. The Small Business Administration provides this site for young persons on the basics of starting a business. Curriculum materials are posted for educators.

 

Do You Want to Be an Entrepreneur? Two slide shows from San Diego State University. What It Takes to be an entrpreneur and How to Get Started.

 

eVenturing. The Kauffman Center for Entrepreneurship offers advice and links to other web sites that support entrepreneurship.

 

Franchise and Business Opportunities. The Federal Trade Commission offers some warnings to potential investors and links to information on government protections.

 

Franchise Zone. Entrepreneur.com offers this directory of franchises, current news on franchising, and things to consider before investing. Don’t miss the How to Research and Buy a Franchise Tutorial.

 

Gazillionaire. Download this Windows-based science-fiction fantasy game that lets players run a trading company in outer space. Racing from planet to planet, students buy and sell a variety of commodities from jellybeans to lava lamps. Along the way they’ll learn about overhead costs, profit margins, capitalization and other business concepts. The difficulty level can be adjusted for students from middle school up through college.

 

Great Entrepreneurs.  Background on some of the nation's greatest entrepreneurs plus checklists to help students determine whether they have the stuff required to be a successful businessperson. The site is based on a public television series that pairs business pioneers of yesterday with the entrepreneurs of today.

 

Lemonade Stand. Operate a lemonade stand and learn how supply and demand affects business and profits.  The same game plus a Pocket PC version are also available at this alternative site.

My Own Business. An online course for the entrepreneur who wants to start or expand a small business.   

National Business Hall of Fame.  Short bios of nearly 200 businesspersons recognized as by Junior Achievement for legendary contributions to the free enterprise system.  A useful starting place for identifying persons who played key roles in the business of America ranging from Ben Franklin and Henry Ford to Mary Kay Ash and Warren Buffet. You will recognize the corporate names if not all the individuals.

 

Starting Your Business. Advice from the U.S. Small Business Administration.

 

Setting Up Your Own Business. A series of publications on the principal forms of business organization used by small businesses with an overview of the advantages, limitations, and tax implications of each form.  Find out what makes an “S” corporation different from a “C” corporation. Source: Nebraska Cooperative Extension.

 

Start Your Own Business. TeenAnalyst.com offers a ten-step guide to starting a business that covers generating the idea, creating a business plan, business structures, finding capital, marketing and more.

 

StartUpBiz.com. Fill-in-the blank templates, incorporation forms, legal agreements, market research, step-by-step business plan, links and other resources on starting a business.

  

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Invention/Innovation

 

 

American Treasures of the Library of Congress: Reason Gallery. Read about technological inventions and their impact on the nation's production possibilities frontier.

 

BrainPop: Technology. Videos on a variety of modern inventions and innovations including an explanation of the assembly line.  Membership required for some videos.

 

Christopher Columbus Awards. A nationwide competition for middle school students combining science and technology with community problem-solving in a real-world setting.

 

Common Things Around Us Are Often Discoveries & Inventions. Brief histories of 92 everyday items including sugar, soap, stamps, balloons, clocks, and toothpaste.

 

Computer History Collection Interviews. The Smithsonian National Museum of American History provides interviews with leaders of the computer industry including Steve Jobs and Bill Gates. 

 

Edison Invents. The story of Thomas Edison goes far beyond the invention of the light bulb!

 

EurekaAlert! From the American Association for the Advancement of Science, breaking news on discoveries organized by subjects such as agriculture, business, chemistry, education, health and technology.

 

Exploring the History of Women Inventors.  A short paper describing the challenges faced by women inventors and suggestions for further reading.

 

Famous Inventions: A-Z. Background information on thousands of inventors from About.com. Other links on the page offer biographical information on hundreds of inventors with special sections for female, Asian, black and famous inventors.  There are other links to related information such as patents, trademarks, and inventors but you will have to deal with a lot of ads.

 

Farm Machinery and Technology. A look at the equipment used to increase the production of American farmers from 1776 to the present.  Source: The USDA Economic Research Institute.  Archived:  About.com

 

Galileo Project. Information on the life and work of Galileo Galilei (1564-1642).  Visit the site’s Catalog of the Scientific Community of the 16th and 17th Centuries for a searchable database of over 600 individuals who made significant contributions to Western science.

 

Great Idea Finder. A commercial site, which promotes inventions and offers information on inventions and inventors.  There is also an Innovation Timeline.

 

Greatest Engineering Achievements of the Twentieth Century. Histories, descriptions and a timeline for 20th century inventions such as the computer, telephone, television, laser, and air conditioning.

 

Handbook for Inventors.  An explanation of intellectual property and what can be patented. This guide also describes licensing, patent searches, raising capital, and much more.

  

The History of Inventions. A timeline of inventions that have changed the way we live. You can even submit your own suggestion for a significant invention! Source: Canadian Broadcasting Corp.

 

How Stuff Works. Photos, videos and brief explanations of how things are made and how they work.

 

The Internet Invention Store.  Visit this commercial web site to learn about new products that inventors are trying to sell via the Internet.

 

Invention at Play.  Games and activities introduce the work of a variety of inventors and the playful principles that make them successful.

 

Invention Convention. Step-by-step directions how to conduct this science event in your school. Students are directed to use problem-solving and creative-thinking skills to invent a product or process that would fill the need or overcome the problem.  Notable items in the resource section include reproducible guidelines for students, a sample judging form, a student patent certificate and the bibliography of books.

 

Invention Dimension. Select Inventor of the Week Archives to search for information on inventors and their inventions. A Trivia Challenge helps develop research skills. There are a wealth of links to activities and other web sites on this subject.

 

Inventions for Sale and License. An index and details on some of the inventions patented by one attorney.  Among the categories listed are toys and games, sports and recreation, household, food, health and beauty.

 

Inventions, Inventors and You. Go to the middle of this web page to view links to student inventions and marketing materials. The bottom of the page suggests links to other web sites on the topic.

 

Inventive Thinking Curriculum.  Suggested learning activities from the U.S. Trade and Patent Office promoting young person’s critical and creative thinking and problem-solving skills.  Units address brainstorming inventions, completing an invention, and marketing. One of the documents provided is a primer on patents and trademarks.  Enrichment stories provide examples of great thinkers and inventors.

 

Inventor’s Digest. Billed as the site for anyone who has ever said, "I've got a great idea. . . now what do I do?"  News, advice and contacts for those with an idea.

 

Inventors and Invention. Enchanted Learning.com offers an online encyclopedia of inventors and inventions.  Search by inventor, invention, historical period, or nation. Special listings are also provided for African-American and women.

   

KidsKonnect: Inventors and Inventions. A gateway to dozens of sites identified as appropriate for kids.

 

Learn What it Takes to Be an Inventor. A learning unit to help students understand the personal characteristics needed to be an inventor.  Students select an inventor and prepare a report.

 

National Inventors Hall of Fame.  Brief bios on the persons who have been inducted into this hall of fame, an index of inventions, and a timeline of inventors/inventions.

 

The Real McCoy, African-American Invention and Innovation, 1619-1930. A brief historical essay from the Smithsonian.

 

Totally Absurd Inventions.  A fun place to discover some of America’s goofiest patents.

 

World Intellectual Property Organization. News and information on intellectual property rights/protections from a global perspective.  Patents, trademarks and copyrights are explained.

 

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Resources/Production/Distribution

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Baking Bread Field Trip. The science and economics of making bread.

 

Cameron Balloon Factory Virtual Tour. For advanced business students and their teachers, a case study in production, investment decisions, and human resource management.

 

Crayola Factory. See how crayons and markers are made. A timeline introduces the entrepreneurs who established this well-known business producing children's art supplies.

 

Dairy Facts: From the Farm to You. Do you know how milk is produced? Also find out how different government agencies help make sure the milk you drink is safe.  Photos of a Michigan dairy farm help tell the story.

 

Family Farms Around the World.  Links to more than a hundred web sites featuring farms in 40 states and 18 countries. Most include information about life on their farm, animals, crops, marketing, problems, economics, soil, and climate.

 

Farm Life.  Text and photos tell about the production and marketing activities of a modern-day farm.

 

Farm Tour.  Take a tour on a pig farm.  Source: The National Pork Board.

 

The Great Picture Book of Construction Equipment. Komatzu provides pictures and movies of dump trucks, bulldozers and other construction equipment that increase productivity.

 

Hersheys: From Bean to Bar. Take a virtual tour and learn how a chocolate bar is made.

How Everyday Things are Made.  Videotapes show how candy, cars, airplanes, bottles and other products are mode.  Requires a high speed Internet connection.

Kids Click! Machines and Transportation. Links to a variety of web sites focused on the various modes of transportation that help move goods and people.

 

Let's Go Prospectin'! Find out what resources are mined in different states.

 

Make a Farm. Download software and print paper patterns that let students create a model farm with a barn, crops and animals.  Students learn about production on the farm including where food comes from.

 

From Seed to Sugar.  Coloring pages show how sugar is manufactured from sugar beets. Source: Michigan Sugar Company.

 

Mr. Rogers' Factory Tours. View videos and pictures that show the production process for items of special interest to children--useful in helping young students sequence the making of a good.

 

Pencil Pages. A step-by-step guide to the production of pencils and an introduction to renewable resources.

 

Pioneer Life.  Compare consumption and production activities today with life in 1700 Ioway Indian Village, an 1850 Iowa Village, an 1875 Frontier Town, and a 1900 Horse-Powered Farm.

 

Raw Materials Lineup. Can you identify the raw materials used to produce something else?

 

Story of Milk. A virtual tour offers the science and economics of milk production.

 

Tour Where Manufacturing Happens.  Gateway to all kinds of on-line production tours.

 

Transportation Wonderland. A site for students and educators from the U.S. Dept. of Transportation that offers links and information on the various modes of transportation.

 

Yahooligans! Machines. Links to web sites on airplanes, ships, trucks, trains and other means of transporting goods.

 

Wheat.  Part of the 4-H Virtual Farm web site, view a series of slides showing how wheat is grown by Virginia farmers and discover some of the food items made from the crop.