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

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

Mystery Workers In this lesson students review the concepts of goods, services, and producers using the Internet to locate examples of each in a teacher's classroo... Grade: K-2 3-5    Published: 02/18/2004

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

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

Related Print Lessons

Choices & Changes: In Life, School, & Work - Grades 2-4 - Teacher's Resource Manual Grade: 2-4   Published: 2001 8 of the 18 lessons are related to this lesson. The top 5 are 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 6 - Decision Making Students will learn that making decisions without thinking them through and collecting sufficient information can learn to consequences they did not anticipate. They will learn to find out about othe... 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 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 3: Lesson 11 - Workers Use Other Resources Students will define resources as things that people can use to produce goods or services. They will identify human capital as a resource, identify examples of land, and identify examples of physical...

Financial Fitness for Life: Pocket Power - Grades K-2 - Teacher Guide Grade: K-2   Published: 2001 9 of the 16 lessons are related to this lesson. The top 5 are listed below. 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 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 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 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.

Master Curriculum Guides in Economics: Teaching Strategies - K-2 Grade: K-2   Published: 1993 9 of the 25 lessons are related to this lesson. The top 5 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 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 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 13 - We Decide Students choose from a set of group activities as they learn to make decisions, identify opportunity cost, and evaluate their choices.

Exploring the Marketplace: The Community Publishing Company - Teacher Resource Manual Grade: 3-4   Published: 1989 9 of the 35 lessons are related to this lesson. The top 5 are listed below. 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... 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 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 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 6: Our Community The students study their own community while creating a display on the bulletin board. Using the lists prepared in Lesson 5, students discuss the places that produce goods and services in the communi...

Financial Fitness for Life: Steps to Financial Fitness - Grades 3-5 - Teacher Guide Grade: 3-5   Published: 2001 1 of the 16 lessons are related to this lesson. It is listed below. 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...