Hawaiian Economics: From the Mountains to the Sea
Ancient Hawaii was ruled by chiefs, who were responsible for the well-being of their people and for managing the islands' resources. The chiefs divide...
Grade: 3-5    Published: 10/28/2003


You Can BANK on This! (Part 2)
As in the first 'You Can BANK on This,' you will learn that banking should not be confusing - it should be INTERESTING! Lesson Two will continue lear...
Grade: 3-5    Published: 06/20/2005


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


Dynamic Decision Making
Students will be introduced to the PACED Model and learn to use the parts of the model-- Problem, Alternatives, Criteria, and Evaluation- - i...
Grade: 3-5    Published: 12/11/2003


You Decide!
Think about a difficult decision you have had to make. After you decided did it work out? Why or why not? Why do you think decisions and choices ar...
Grade: 3-5    Published: 07/18/2003


Related Print Lessons


The following lessons come from the Council for Economic Education's library of print publications. Clicking the publication titles will take you to the Council for Economic Education Store for more detailed information.

Choices & Changes: In Life, School, & Work - Grades 2-4 - Teacher's Resource ManualChoices & 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 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 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...
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...

Exploring the Marketplace: The Community Publishing Company - Teacher Resource ManualExploring the Marketplace: The Community Publishing Company - Teacher Resource Manual
Grade: 3-4   Published: 1989
8 of the 35 lessons are related to this lesson. The top 5 are listed below.


Lesson 2: Community Resources
This lesson aims to develop an understanding of natural, human, and capital goods resources through a mapping exercise. The students study a map of a model community and begin to understand that a co...
Lesson 4: Communities Today
Students study how resources change in communities by comparing the maps of Communityville. This lesson summarizes the two previous map lessons and helps students become familiar with the suppliers of...
Lesson 13: Results of the Community Interviews
Students review their Community Notebooks and interview forms to help them form generalizations about their community.
Lesson 21: Resources for the Publishing Company
In this lesson, you and your class begin to make decisions about the kid of book you will produce. The class also speculates on the resources necessary to produce the book and the cost of the resourc...
Lesson 3: Communities Change
Students analyze how Communityville has grown by examining another map of the town. The students locate new resources that provide goods and services to the people of Communityville.

Choices & Changes: In Life, School, & Work - Grades 5-6 - Teacher's Resource ManualChoices & Changes: In Life, School, & Work - Grades 5-6 - Teacher's Resource Manual
Grade: 5-6   Published: 2001
8 of the 15 lessons are related to this lesson. The top 5 are 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 ...
Unit 5: Lesson 13 - Why Should I Set Goals and Plan to Achieve My Goals?
Students create lists of their personal goals and prioritize the goals on their lists. They identify the goals that will require development of their human capital. They identify ways in which they ...
Unit 1: Lesson 1 - What If I Do Not Have the Skills and Knowledge I Need to Produce?
Teams of students use their limited knowledge to accomplish a challenging task. Most of the student teams will not be successful until they acquire the necessary knowledge. The students read one of ...
Unit 3: Lesson 9 - What Results When People Use Improved Physical Capital Resources?
Students learn that using technologies increase production during a business simulation.
Unit 3: Lesson 7 - Can I Produce Something People Want?
Students use common objects to produce goods they think people will use to satisfy wants. They read a biography of inventor George Washington Carver, learning how Carver helped tenant farmers in the ...

Financial Fitness for Life: Steps to Financial Fitness - Grades 3-5 - Teacher GuideFinancial Fitness for Life: Steps to Financial Fitness - Grades 3-5 - Teacher Guide
Grade: 3-5   Published: 2001
5 of the 16 lessons are related to this lesson. They are listed below.


Theme 3: Lesson 13 - Buddy, Can You Spare a Dime?
In this lesson, students role-play how they would respond to various lending situations and analyze how to make better decisions about lending. By assuming the role of lender, students will analyze t...
Theme 2: Lesson 4 - The Grasshopper and the Ant
In this lesson, children use an adaptation of Aesop's fable, "The Grasshopper and the Ant," to learn about the trade-off between satisfying wants today and planning for the future. Children use the f...
Theme 2: Lesson 5 - Why? How? Where?
This lesson provides some practical activities to extend students' understanding about how to make saving choices. Children set a goal, determine a strategy for saving, and decide how they will save ...
Theme 3: Lesson 7 - To Choose is to Refuse
In this lesson, students use the concept of opportunity cost to help decide which wants to satisfy with their limited income. Practicing decision making helps build consumer skills and develop an und...
Theme 3: Lesson 6 - Consumers Want Goods and Services
This lesson focuses on consumer spending decisions that students make and the different roles they assume in making those decisions. The activities establish a rationale for studying personal finance...

Middle School World Geography: Focus on EconomicsMiddle 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 2 - How Much Depends on Where
In this lesson, the students learn how the geography of a country can influence where goods are produced. The students use a map of a fictitious country to enhance their map skills. They derive geogra...

 

 
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