Behave Yourself: Behavioral Economics for Kids

Students are introduced to four behavioral economics concepts:  bandwagon effect; endowment effect; loss aversion; and mental accounting.  They participate in activities that illustrate each concept to better understand the concept's effect on their behavior.  Students discuss situations in their everyday lives that relate to these concepts.
Grade levels: 6-8
Content keywords: economics
Key Concepts: Economics
Resource type: Lesson Plans
Time requirement: 30-60 minutes
Behave Yourself: Behavioral Economics for Kids