Related Online Lessons

Toys for Me: A Lesson on Choice Students encounter the concept of scarcity in their daily tasks but have little comprehension as to its meaning or how to deal with the concept of ... Grade: K-2 3-5    Published: 04/21/2004

Build Your Community Students will learn about a variety of businesses and the service they provide to a community. They will build a town selecting seven business they... Grade: K-2    Published: 10/12/2002

You Decide! Think about a difficult decision you have had to make. After you decided did it work out? Why or why not? Why do you think decisions and choices ar... Grade: 3-5    Published: 07/18/2003

Staying Afloat Financially in the 21st Century This lesson will help students identify how to make good decisions which will help them financially in the future. Students will identify how to take... Grade: 6-8    Published: 06/21/2009

Marketplace: School Competition In June 2002, the Supreme Court ruled that Cleveland's system of giving students vouchers to attend private or religious schools did not violate the c... Grade: 9-12    Published: 07/15/2008

Related Print Lessons

Financial Fitness for Life: Pocket Power - Grades K-2 - Teacher Guide Grade: K-2   Published: 2001 1 of the 16 lessons are related to this lesson. It is listed below. Theme 2: Lesson 6 - How We Save The class hears a story about Nicholas's family during a time of unexpected financial emergency. Students experience scarcity as they try to fit everything they want into a pocket. They learn about ... Theme 3: Lesson 8 - We Are Consumers Students discover that they are consumers. As they fill their pockets with pictures of wants, students learn that consumers want both goods and services. As they try to help Nicholas choose a pet, a... Theme 3: Lesson 9 - We Decide to Spend Students create want webs for a hamster and then for themselves. They experience spending money in exchange for goods and services when they use dimes to become consumers at a school carnival. Theme 2: Lesson 5 - Why We Save Students create a banner depicting their own choices when a decision is made and an opportunity cost is incurred. Then the class learns about saving to satisfy a want. Finally students make and deco... Theme 2: Lesson 4 - Money Lets Us Choose Students listen to a short story introducing the difficulty of making choices. They discuss and experience costs and benefits as they make a choice among alternatives, using a grid. The class makes ...

Choices & Changes: In Life, School, & Work - Grades 2-4 - Teacher's Resource Manual Grade: 2-4   Published: 2001 6 of the 18 lessons are related to this lesson. The top 5 are listed below. Unit 1: Lesson 5 - Opportunity Cost In this lesson students will: Recognize the importance of identifying the opportunity cost of a potential choice; Use the concept of opportunity cost before making decisions; Avoid using the word "fre... Unit 1: Lesson 4 - Choice In this lesson, students should recognize that they have the power to choose and that they do make many choices. Many people feel powerless because they think they don't make choices. Unit 1: Lesson 2 - Alternatives In working on Choices and Changes, students should learn that they can ordinarily respond to events in their lives by alternative means, and that it is up to them in these cases to find an alternative... Unit 1: Lesson 1 - Scarcity It is a paradox that people who learn to accept and deal with scarcity often achieve much more than those who don't accept it. The inability to deal with scarcity leads to problems with money, educat... Unit 1: Lesson 3 - Alternatives Have Advantages and Disadvantages In this lesson students will: Realize that alternatives have advantages and disadvantages; Accept responsibility for advantages and disadvantages of alternatives selected; And identify the advantages ...

Master Curriculum Guides in Economics: Teaching Strategies - K-2 Grade: K-2   Published: 1993 5 of the 25 lessons are related to this lesson. They are listed below. Unit 3: Lesson 14 - Learning Center: Choice Train Students practice making choices and identifying their opportunity costs as they fill their wants from the Choice Train cars. Unit 3: Lesson 12 - Opportunities for Appreciation Students learn about choice and opportunity cost as they use their scarce resources to produce gifts of appreciation for workers in their school. Unit 3: Lesson 13 - We Decide Students choose from a set of group activities as they learn to make decisions, identify opportunity cost, and evaluate their choices. Unit 3: Lesson 15 - Bulletin Board: Scarcity Balloon Trip Students take a make-believe balloon trip to places far away as they create a bulletin board display depicting scarcity and opportunity cost. Unit 3: Lesson 11 - Alligator Annie and the Scarcity Adventure Students help Alligator Annie solve scarcity problems in her around the world adventures.

Economics in Action: 14 Greatest Hits for Teaching High School Economics Grade: 9-12   Published: 2003 2 of the 14 lessons are related to this lesson. They are listed below. Lesson 3 - Using Economic Reasoning To Solve Mysteries Students ponder an economic mystery: Why do professional athletes, many of whom never finish college, earn far higher salaries than people who perform worthy services such as teachers and firefighter... Lesson 2 - Economic Decision Making Students brainstorm ways to allocate a scarce good within the classroom. Then they work with a decision-making model that helps them make a decision about this allocation by showing them how to evalu...

Financial Fitness for Life: Bringing Home the Gold - Grades 9-12 - Teacher Guide Grade: 9-12   Published: 2001 2 of the 22 lessons are related to this lesson. They are listed below. Theme 1: Lesson 3 - Decision Making In this lesson, students learn that we must make decisions because resources are limited and wants are unlimited. Students see that sound decision making involves identifying criteria and using those... Theme 1: Lesson 2 - The Economic Way of Thinking Lesson 2 introduces students to the economic reasoning process or the "economic way of thinking." Students reason through two situations, using The Handy Dandy Guide, a primer on economic reasoning.

Mathematics & Economics: Connections for Life - 6-8 Grade: 6-8   Published: 2002 1 of the 12 lessons are related to this lesson. It is listed below. Lesson 7 - Which Pet is Right for You? This lesson focuses on a topic that is at the heart of economics, that of decision making. Decision making from an economic perspective requires individuals to consider both the benefits and costs for...

Choices & Changes: In Life, School, and Work - Grades 9-10 - Teacher's Resource Manual Grade: 9-10   Published: 2002 1 of the 15 lessons are related to this lesson. It is listed below. Unit 1: Lesson 1 - Making Choices Students are introduced to the nature of choice making by confronting thorny problems individually and in groups.