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

Country Mouse Makes a Decision! Very young students will be able to make a cost/benefit chart for the Country Mouse after hearing the classic story. Grade: K-2    Published: 04/24/2002

Costs and Benefits of 'The Three Little Pigs' When we make decisions, it is good to compare costs and benefits. In the "Three Little Pigs," two little pigs could have used this decisio... Grade: K-2    Published: 04/12/2002

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

Big Banks, Piggy Banks When choosing a place to put their money, people consider how safe there money will be, how easy it is to access, and whether it will earn more mon... Grade: K-2 3-5    Published: 11/04/2003

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 3: Lesson 11 - Ads Make Us Spend Students examine various forms of advertising and discover why companies advertise their products. They watch television commercials to answer questions about products advertised and consumer wants. ... Theme 4: Lesson 13 - We Are Lenders This lesson focuses on the relationship between borrowers and lenders from the perspective of the lender. The students explore the costs and benefits of making a lending decision using the Pocket Dec... 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 ... Theme 3: Lesson 10 - We Plan for Spending Students construct traffic lights and use them in evaluating consumer decisions as planned or unplanned spending. Students discuss the costs and benefits of each decision. Theme 5: Lesson 16 - We Manage Our Money Students participating in a game demonstrate their knowledge of income, spending, saving, and credit decisions. They make individual books about money management and review previously taught concepts...

Choices & Changes: In Life, School, & Work - Grades 2-4 - Teacher's Resource Manual Grade: 2-4   Published: 2001 5 of the 18 lessons are related to this lesson. They are listed below. 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 ... 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 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 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 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...

Mathematics & Economics: Connections for Life - 6-8 Grade: 6-8   Published: 2002 2 of the 12 lessons are related to this lesson. They are listed below. Lesson 6 - How Much is That Bike? This lesson demonstrates the utility of percentages in comparing fractions of unequal size; it also provides students with practice in using percent to calculate simple interest. Students are introduc... 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...