Related Online Lessons

A Perfect Pet The introduction to this lesson is a brief online story about a little girl’s visit to a pet store with her father. She considers several pets b... Grade: K-2 3-5    Published: 10/14/2004

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

Every Penny Counts You know that five dollars you got for your birthday? There are so many things you can spend it on, aren’t there? A toy boat to sail on the p... Grade: K-2    Published: 08/11/2003

Vincent van Gogh's 'Flower Beds in Holland' Students study a painting by van Gogh called, "Flower Beds in Holland." The students recognize that this farmer made a choice to grow flo... Grade: K-2    Published: 02/15/2002

Off to Interactive Island This activity provides a fun way to explore concept of economic decision making. In the lesson, students are given a limited number of “tokens... Grade: K-2    Published: 11/01/2000

Related Print Lessons

Financial Fitness for Life: Pocket Power - Grades K-2 - Teacher Guide Grade: K-2   Published: 2001 6 of the 16 lessons are related to this lesson. The top 5 are listed below. 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 1: Lesson 2 - Working for Income Students discuss goods and services that satisfy people's wants, and they construct a spyglass to help them identify goods and services at school. They also construct "Box Town," a model business com... 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 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 ...

Master Curriculum Guides in Economics: Teaching Strategies - K-2 Grade: K-2   Published: 1993 7 of the 25 lessons are related to this lesson. The top 5 are listed below. Unit 1: Lesson 3 - Foods Around the World Students prepare and taste foods from around the world as they learn about the different goods and services used by consumers around the world. 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 1: Lesson 4 - Learning Center: Winning Wants Students construct a winner's ribbon as they complete sentences describing many ways to satisfy a want. Unit 5: Lesson 24 - Puppet Show: Pinky's New Bow Tie Students produce a puppet show as they review the economic concepts from Lesson 1-23. 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.

Choices & Changes: In Life, School, & Work - Grades 2-4 - Teacher's Resource Manual Grade: 2-4   Published: 2001 1 of the 18 lessons are related to this lesson. It is 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 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 6 - Decision Making Students will learn that making decisions without thinking them through and collecting sufficient information can learn to consequences they did not anticipate. They will learn to find out about othe... Unit 3: Lesson 11 - Workers Use Other Resources Students will define resources as things that people can use to produce goods or services. They will identify human capital as a resource, identify examples of land, and identify examples of physical... Unit 3: Lesson 15 - Teaching Others Builds Human Capital Students will see the power that a teacher has to help others and connect teaching and learning.