This booklet on economics is one of a series in environmental education for grades K-12. The activities in this booklet are concerned with the relationship of the standard of living to the level of technology and economic system developed by a society. The role of economics in determining environmental quality is also assessed. Three basic concepts are listed, along with behavioral objectives, subject areas, key words, and definitions for each. Three activity options are given under the basic concepts. Information for these activities includes materials and resources, procedures, discussion questions, further activities, and sample worksheets. The activities are interdisciplinary and designed for students in grades 6-8. (MA)