A Framework for Teaching Basic Economic Concepts is an updated merger of two previous National Council on Economic Education publications. This edition is designed to aid those who construct curricula for or who provide instruction in the nation's elementary and secondary schools. This resource manual includes 1) Framework -which provides the basic economics vocabulary, including analytical tools needed to understand and to make decisions about economics and financial issues, and 2) Scope and Sequence Guidelines for economics concepts within K-12 curriculum.