IN THIS ISSUE

Three experienced teachers share lesson plans they have developed for their students. Maura Bisceglia's elementary students learn about the American Colonies' frustration with "taxation without representation" through an economics simulation. Howard Gluff's middle school students study economic concepts using a mini-economy. Stephen Simond's high school students weigh the opportunity costs and trade-offs involved in specific events in American history.

Econ-Exchange is a joint publication of the E. Angus Powell Endowment and the Federal Reserve Bank of Richmond. Each issue of Econ-Exchange features an essay on a unique aspect of economics followed by three practical lesson plans.

We hope you enjoy Econ-Exchange. We welcome your response; please send us your ideas and tell us about your lessons. Understanding how incentives work, the Powell Endowment may even pay for your contribution.