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Students looking at the Ore Dock

The Marketplace Economics and Entrepreneurship (MEE) Web area is a service of Northern Michigan University’s Center for Economic Education and Entrepreneurship.

It has been designed to serve all people interested in advancing entrepreneurship with a competitive edge in the global marketplace.  It includes information on available resources, economic organizations, international and national youth programs that promote economic and entrepreneurial education, as well as a trainer’s manual.

This Web area is a cooperative effort of the NMU-CEE and the Marquette-Alger Regional Educational Services and was made possible by a grant from the State of Michigan.

If you have questions or ideas for the Marketplace Economics and Entrepreneurship effort, please contact us.

Glossary

  • Michigan Council on Economic Education Glossary
    www.mceeonline.org/glossary.html
    Affiliated with the National Council on Economic Education, MCEE is pat of a network of state councils and university-based centers promoting economic literacy. The National Council is recognized throughout the U.S. and the world as the premiere source of teacher training, educational materials, and curriculum reform in economic education.
  • National Council on Economic Education's Terms for Capstone - High School Exemplary Lessons
    capstone.councilforeconed.org/resources/glossary.php
    All of us who have worked on this revision of Capstone hope that it will provide a reliable and even inspirational set of curriculum materials on which high school teachers can build as they seek to open their students' minds to the insights and empowerment that the study of economics offers.
  • AmosWEB GLOSS*arama
    www.amosweb.com/cgi-bin/awb_nav.pl?s=gls
    The AmosWEB GLOSS*arama is a searchable database of 2000 economic terms and concepts. GLOSS*arama entries range from A ("a" -- the vertical intercept of a straight line) to Z ("zoning" -- legal restrictions on the location of an activity).

Content Standards and Benchmarks

  • Welcome to Michigan's K-12 Curriculum and Standards web page
    www.michigan.gov/mde/0,1607,7-140-28753---,00.html
    Michigan's content standards are a set of learning expectations developed by parents, educators, business leaders and university professors to assist schools in the development of local district curricula.
  • National Standards for Business Education
    https://www.nbea.org/newsite/curriculum/standards/
    The revised and updated National Standards for Business Education state what all K–14 students should know and be able to do in business.
  • National Content Standards for Entrepreneurship Education
    www.entre-ed.org/Standards_Toolkit
    This Toolkit for the National Content Standards for Entrepreneurship Education is designed to give you the standards and Performance Indicators framework necessary for developing curriculum for entrepreneurship programs as a lifelong learning process.
  • National Standards in Economics
    www.councilforeconed.org/resources/type/standards/
    We are redoubling our efforts to reach America's teachers — because investing in teachers has proven to be the most effective way to get into the heads and hands of the nation's young people.

Online Material for Purchase

  • Core Four®
    www.corefouronline.com
    CORE FOUR® Business Planning Course is an invaluable tool for planning a business that meets the personal and professional goals of any business owner.
  • KidsEcon Posters©
    www.kidseconposters.com/posterdescriptions.html
    This game has the students competing against themselves and others to earn the biggest profit in 25 days time (approximately 15 minutes computer time).
  • National Council on Economic Education - Store
    store.councilforeconed.org/
    We are redoubling our efforts to reach America's teachers - because investing in teachers has proven to be the most effective way to get into the heads and hands of the nation's young people.
  • 6 Core Economic Principles
    www.kidseconposters.com/6_Core_Principles.html
    The 6 Core Economic Principles represent six powerful ideas that explain the economic behavior of people.

Students must learn about the market they operate in before they can begin to develop their plan to operate within it. To be successful, students must use their knowledge about the marketplace to then research their market. After researching, students will then be able to develop a successful marketing plan geared toward their consumers.

Marketplace Economics Web sites

  • Council for Economic Education
    www.councilforeconed.org
    The national Council on Economic Education (CEE) is a nationwide network that leads in promoting economic literacy with students and their teachers. CEE's mission is to help students develop the real-life skills they need to succeed: to be able to think and choose responsibly as consumers, savers, investors, citizens, members of the workforce and effective participants in a global economy.
     
  • ProTeacher: Economic Lesson Plans for Elementary Teachers
    www.proteacher.com/090041.shtml 
    A collection of elementary economics lessons from ProTeacher!

Marketplace Economics Lessons

  • Little Red Hen
    www.econedlink.org/lessons/index.cfm?lesson=EM389&page=teacher
    The Little Red Hen is a classic story for nearly all adults, and many children. Here it is retold and enhanced in order to provide a framework for illustrating and reviewing the concepts of productive resources and incentives. After reading the story, students will categorize resources into land, labor, capital and entrepreneurship and be able to identify what future incentives the dog, the cat and the mouse will have to help the little hen in her work. Students will have the opportunity to explore bread making.
     
  • The Productive Blues (Jeans)
    www.econedlink.org/lessons/index.cfm?lesson=EM229&page=teacher 
    Upon completion of this lesson students will: identify examples of productive resources; categorize productive resources as human resources, capital resources and natural resources; explain that an entrepreneur is a special type of human resource; identify examples of intermediate goods.
     
  • Consumer Bingo
    lessonplans.btskinner.com/consbingo.html
    A consumer terminology bingo game; includes consumer rights and government consumer protection agencies.

Market Planning Websites

  • Entrepreneur Career Guide
    www.khake.com/page31.html 
    Want to be your own boss? Learn about starting your own business with the following Web resources. Lesson plans for business, economics, finance and law are also included.
     
  • Marketing Teacher Lesson Store
    www.marketingteacher.com/Lessonstore.htm
    This is a free lesson store. All of the key marketing topics from many marketing courses are here. Many of the lessons are supported by their own exercises with answers. They are ideal for self- study or as an integrated part of your own marketing course.

Market Planning Lessons

  • Hey, Get a Job!
    www.econedlink.org/lessons/index.cfm?lesson=EM469&page=teacher
    The second of a two-part unit on income-earning endeavors, this lesson has students choose a job or business to engage in during non-school hours. They then devise an advertising strategy of whom to target and how to begin pursuit of their chosen endeavor.
     
  • I Can Be an Entrepreneur
    www.econedlink.org/lessons/index.cfm?lesson=EM476&page=teacher
    Learners are given advice on how they can earn extra money by becoming an entrepreneur. After investigating several Web pages that offer examples of what other people their age have done to earn money, students identify three money-making ideas for themselves such as: considering what they would enjoy doing, what they do well, what people are willing to buy, the need to set a price that will be profitable and safety. In a follow-up activity, students are given tips on how they might advertise what they are selling. They prepare flyers to promote one of their ideas for earning money
     
  • What's Your Angle?
    www.econedlink.org/lessons/index.cfm?lesson=EM501&page=teacher 
    This lesson is last in a series of lessons on entrepreneurship for grades 3-5. Students will learn about market research and ways to influence consumer behavior through non-price competition. They will look for ways to make their products or innovations more appealing to consumers through advertising.
  • Bureau of Economic Analysis is a government site that provides a wealth of statistical information on the United States economy.
  • Bureau of Labor Statistics provides statistics on labor data in the United States.
  • Centre for Entrepreneurship Education and Development - CEED - Centre for Entrepreneurship Education & Development Incorporated is an innovation centre that assists governments, organizations and communities in helping people achieve their potential through entrepreneurship. Its goal is to try to help build "local capacity for local solutions.”  Its mission is to nurture entrepreneurship in people by acting as a catalyst in the areas of entrepreneurship education, research and program design, professional development and community entrepreneurship.
  • College Board provides information on the costs for attending college in various states.
  • The Consortium for Entrepreneurship Education - This page is for teachers, instructors, program developers and others who help students of all ages find their own entrepreneurial opportunities.
  • Economagic.com is a comprehensive site of free, easily available economic time series data useful for economic research, in particular economic forecasting.  It was developed in 1996 to help students in an Applied Forecasting class.
  • The Federal Reserve Board protects the credit rights of consumers, supervises and regulates their banks, conducts U.S. monetary policy and provides key financial services.
  • The Federal Reserve Bank of Minneapolis provides information on the ninth district of the Federal Reserve System (FRS) and offers information on the entire structure of FRS in which the Federal Reserve Bank in Minneapolis is a member. The Upper Peninsula of Michigan is a member of the ninth district in Minneapolis.
  • Kauffman Foundation - A quality education is the foundation for self-sufficiency, preparing young people for success in college and in life. Many young adults will work in businesses started by entrepreneurs. Some will become entrepreneurs themselves, providing jobs and wealth for society..
  • The Library of Economics and Liberty offers monthly articles on economic topics and a moderated economics blog.  Its intent is to make resources available for students, teachers, researchers and aficionados of economic thought.
  • Council for Economic Education - The national Council on Economic Education (CEE) is a nationwide network that leads in promoting economic literacy with students and their teachers. The CEE's mission is to help students develop the real-life skills they need to succeed: to be able to think and choose responsibly as consumers, savers, investors, citizens, members of the workforce and effective participants in a global economy.
  • National Foundation for Teaching Entrepreneurship - Through entrepreneurship education, NFTE, which is also referred to as Network for Teaching Entrepreneurship, helps young people from low-income communities build skills and unlock their entrepreneurial creativity.
  • Northern Initiatives - Your online business information and learning center for Upper Peninsula economic development and business opportunities and resources.
  • REAL (Rural Entrepreneurship Through Action Learning)
    CFED (Corporation for Free Enterprise Development) REAL www.cfed.org/focus.m?parentid=32&siteid=341&id=341
  • Resources for Economists provides links to the many economic resources available on the Internet. It includes the work of academic and practicing economists, provides links to journals, data, news articles and the like. Over 700 links are provided here.
  • Enactus -  Enactus is a global non-profit organization active in more than 40 countries. Enactus is funded by financial contributions from corporations, entrepreneurs, foundations, government agencies and individuals.