Related Online Lessons

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

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

Little Star's Problem Little Star has a problem, she wants a best friend. Learn how Dora and Boots help Little Star solve this problem and introduce the word "cost&... Grade: K-2    Published: 02/07/2002

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 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... 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 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 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 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.

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 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 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 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...

Financial Fitness for Life: Bringing Home the Gold - Grades 9-12 - Teacher Guide Grade: 9-12   Published: 2001 3 of the 22 lessons are related to this lesson. They are listed below. Theme 3: Lesson 8 - What's the Cost of Spending and Saving? This lesson examines the benefit and opportunity cost of spending and saving. Students use a chart to learn how compound interest makes savings grow. Compounding provides an incentive to save or inv... 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...