Related Online Lessons

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

Jelly Belly Jam In this lesson students will make a decision making chart and use it to help them in deciding which flavor of Jelly beans to buy. Grade: 3-5    Published: 02/10/2003

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

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 1 of the 18 lessons are related to this lesson. It is listed below. 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... 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 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.

Exploring 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 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 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 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 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 1: A Community Success Story This lesson provides an overview of the activities in the entire unit. The students listen to a story entitled "Our Success Story," which is about a group of children who live in the community of Com...

Choices & 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 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 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 14 - How Can I Overcome Obstacles to Achieve My Goals? Students play The Road to Success game. While playing the game, they identify obstacles and ways to overcome obstacles to achieve a goal. They identify the incentives they respond to when they make ... 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 ... Unit 3: Lesson 9 - What Results When People Use Improved Physical Capital Resources? Students learn that using technologies increase production during a business simulation.

Financial Fitness for Life: Pocket Power - Grades K-2 - Teacher Guide Grade: K-2   Published: 2001 7 of the 16 lessons are related to this lesson. The top 5 are listed below. Theme 2: Lesson 7 - Saving Makes Us Wait Students experience setting a goal and saving to achieve that goal. The class discusses the costs and benefits of saving by completing a decision grid. Using a magic mirror they gaze into the future... 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 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. 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...

Financial 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 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 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 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...

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 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... 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...

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 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. 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...

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...

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.

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 2: Lesson 6 - Choices Have Benefits and Costs In a simulation, "What's in the Box?" students examine the benefits and costs of alternative choices.

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 12: Autonomics This lesson develops the idea of opportunity cost by examining the costs of owning and operating an automobile. Opportunity cost is the value of the next best alternative when a choice is made.