AdamSmithWorks Lesson Plans

This economics lesson is designed to be conversational and relies on materials in the home in order to accommodate parents thrust into an involuntary home learning environment as well as online educators. 

How do we decide what to do for ourselves, and when to depend on others?

Does Adam Smith contradict himself in his two major works???


In this lesson, the students test Smith’s ideas on sympathy by playing a famous game in economics and ethics known as the Ultimatum Game. 

About greed? About morality?


Help students apply Adam Smith's ideas to contemporary issues.

Adam Smith, Benjamin Franklin, and David Hume

Over an imaginary dinner, the three discuss their views regarding economics and the relationship between Great Britain and the American colonies.

How is an economy organized?
And what can Adam Smith- and a pizza- teach us?

Newly elected American President Elizabeth Montgomery faces an economic crisis.

The night before her State of the Union address, she is visited by the ghosts of Smith and John Maynard Keynes.

This lesson allows students to experience the benefits of trade that Adam Smith wrote about in An Inquiry into the Nature and Causes of the Wealth of Nations. 

Students participate in a trade simulation that measures the variation in benefits received (utility) in a variety of rounds from no trade to free trade.