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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

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

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

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 1: Lesson 3 - What Is Money? This lesson focuses on two types of money -- paper money and coins. The students identify money and its value (ability to buy things) while participating in a money-matching activity. The students g... 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 1: Lesson 1 - A Good Day for Money Students listen to a short story introducing them to Penny and Nicholas, the "Money Kids." Students discuss ways people receive money -- through earning income or receiving gifts. They construct "m... 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 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...

Master Curriculum Guides in Economics: Teaching Strategies - K-2 Grade: K-2   Published: 1993 2 of the 25 lessons are related to this lesson. They are listed below. Unit 3: Lesson 11 - Alligator Annie and the Scarcity Adventure Students help Alligator Annie solve scarcity problems in her around the world adventures. Unit 4: Lesson 17 - Spotlight on Specialists Students specialize in producing goods and services as they prepare for specialized resource speakers. 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 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 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 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 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 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 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...

The Wide World of Trade Grade: 6-8   Published: 2003 3 of the 11 lessons are related to this lesson. They are listed below. Lesson 3: Everyone Is Interdependent In this lesson, students learn about resources from around the world that are used in the production of a specific product -- Hershey's Kisses. Students then determine the identity of a mystery produ... Lesson 2: Special Friends Pairs of students play the roles of two friends who have chores to complete before they can spend time together. Through trial-and-error, students discover the benefits of specialization and trade. ... Lesson 7: Mutual (and Comparative) Advantages Using numerical examples and bar graphs, students see why it benefits two countries to specialize in the production of one of two products and then trade with each other, even if one country has the r...

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 3: Managing Credit Participants will identify the advantages and disadvantages of using credit. Participants will recognize what credit is, what it costs, and the basic steps involved in obtaining credit. Participants...

Middle School World Geography: Focus on Economics Grade: 6-8   Published: 2004 1 of the 9 lessons are related to this lesson. It is listed below. Lesson 6 - Joining Together That Which Has Drifted Apart In this lesson, the students learn about the physical forces that move people on different continents further apart and the economic forces that bring them together. They read about the formation and ...

Exploring the Marketplace: The Community Publishing Company - Teacher Resource Manual Grade: 3-4   Published: 1989 4 of the 35 lessons are related to this lesson. They are listed below. Lesson 28: Preparation for Production This lesson prepares the class for assembling the books. You will review the steps in production with the class. The students will then develop a list of rules for the workers to follow. At the con... Lesson 9: Visiting a Business A study trip can enhance the learning value of this unit by providing students with an opportunity to observe a business. When planning the trip, try to select a business such as a bookstore; a shop ... Lesson 11: The Badge Factory The students participate in a production-line simulation. They produce a badge that will be given to the people they interview and to those who buy their books. The students discover the need for sp... Lesson 27: Job Application The students discuss the jobs on the production line that will be necessary to produce the books. They consider personal strengths and abilities that would qualify them for particular jobs. They als...

Choices & Changes: In Life, School, & Work - Grades 5-6 - Teacher's Resource Manual Grade: 5-6   Published: 2001 1 of the 15 lessons are related to this lesson. It is listed below. Unit 4: Lesson 10 - What Are the Advantages of Working with Others to Produce? Students read historical fiction set in 1855 in the Oregon Territory. The story illustrates the results of people working interdependently. The students identify ways in which the characters in the ...

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...