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

Everyday Opportunities In this lesson, students will learn about choices and opportunity costs that occur every day. While this lesson will go on throughout the day, the act... Grade: K-2 3-5    Published: 03/24/2010

No Extra Room on the Mayflower The students will explore the ideas of scarcity and choices by exploring a virtual model of the Mayflower. They will then pack a virtual suitcase mak... Grade: K-2    Published: 01/10/2007

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

That's Not Fair! How Do We Share? This lesson has students explore a variety of ways to share, particularly when an obvious solution is not apparent. Grade: K-2    Published: 06/10/2002

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 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 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 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 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 ...

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 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 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 11 - Alligator Annie and the Scarcity Adventure Students help Alligator Annie solve scarcity problems in her around the world adventures. 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.

Choices & Changes: In Life, School, & Work - Grades 2-4 - Teacher's Resource Manual Grade: 2-4   Published: 2001 2 of the 18 lessons are related to this lesson. They are listed below. 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 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 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 4: Lesson 16 - Entrepreneurs and the Interdependence of Buyers and Sellers People often think of themselves as consumers, but not as producers. In this lesson, students will meet business owners, managers, and entrepreneurs so that they can identify with them and perhaps as... 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...

Your Credit Counts Challenge: Trainer's Guide Grade: 7-adult   Published: 2004 1 of the 6 lessons are related to this lesson. It is listed below. Section 6: The Basics of a Market Economy Participants will identify the characteristics of people who build wealth. Participants will recognize the primary features of a market economy including voluntary exchange, private ownership, a pric...

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 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... 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...

Capstone: Exemplary Lessons for High School Economics - Teacher's Guide Grade: 9-12   Published: 2003 4 of the 45 lessons are related to this lesson. They are listed below. Unit 5: Lesson 24 - Government and the Environment Students examine and discuss visuals to identify an economic mystery regarding the failure of the Endangered Species Act. They are introduced to the concepts of market failure and government failure.... Unit 1: Lesson 4 - To Choose or Not to Choose? That Is Not the Question Students make a decision after identifying the alternatives and their anticipated costs and benefits. Unit 1: Lesson 2 - Scarcity and Abundance The lesson provides students with two definitions of the term scarcity. They apply these definitions to several examples of human behavior. In the second part of the lesson they use the definitions ... Unit 1: Lesson 1 - Economic Reasoning: Why Are We A Nation of Couch Potatoes? Students examine visuals to identify an economic mystery regarding exercise and diet. They use the Guide to Economic Reasoning to analyze the costs and benefits of decisions about diet and exercise. ...

The Wide World of Trade Grade: 6-8   Published: 2003 1 of the 11 lessons are related to this lesson. It is listed below. Lesson 1: There's Never Enough Working in groups that represent countries, students randomly draw cards from boxes labeled natural resources, human resources, and capital goods. The groups use their available resources to provide ...

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.

Exploring the Marketplace: The Community Publishing Company - Teacher Resource Manual Grade: 3-4   Published: 1989 3 of the 35 lessons are related to this lesson. They are listed below. Lesson 10: The Pencil Choice In this lesson the students assume the role of consumers and choose among three pencils. They discuss wants, acceptable substitutes, and other factors that influence consumer decisions such as price,... Lesson 8: Mini-Mall Students participate in a market simulation. They assume the roles of consumers and producers as they buy and sell goods and/or services in the marketplace. Lesson 32: Choice Making Once the books have been sold, the class decides what to do with the money left over (if any) after paying back the loan or credit and any other expenses incurred in the business. The teacher emphasi...

Choices & Changes: In Life, School, and Work - Grades 7-8 - Teacher's Resource Manual Grade: 7-8   Published: 2002 1 of the 15 lessons are related to this lesson. It is listed below. Unit 1: Lesson 5 - Economic Choice and Opportunity Cost Through a reading, students learn how scarcity makes choices necessary and results in opportunity cost.

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.

Mathematics & Economics: Connections for Life - 9-12 Grade: 9-12   Published: 2001 1 of the 15 lessons are related to this lesson. It is listed below. Lesson 7: The Mathematics of Nonlinear Economic Shapes: The Production Possibilities Curve Because the resources (such as raw materials, minerals, energy, labor, equipment, machinery, etc.) that are used to produce goods and services are limited in their availability, we cannot have all tha...