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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

That's Not Fair! How Do We Share? This lesson has students explore a variety of ways to share, particularly when an obvious solution is not apparent. Grade: K-2    Published: 06/10/2002

Vincent van Gogh's 'Flower Beds in Holland' Students study a painting by van Gogh called, "Flower Beds in Holland." The students recognize that this farmer made a choice to grow flo... Grade: K-2    Published: 02/15/2002

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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 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 3: Lesson 15 - Teaching Others Builds Human Capital Students will see the power that a teacher has to help others and connect teaching and learning. 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... 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 3: Lesson 12 - Inputs, Plan, Outputs Students will take pride in their ability to produce something.

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 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 5: Lesson 15 - We Make A Budget Students participate in an activity in which they balance a budget by manipulating income and expense cards. 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 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 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...

Master Curriculum Guides in Economics: Teaching Strategies - K-2 Grade: K-2   Published: 1993 5 of the 25 lessons are related to this lesson. They are listed below. 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 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 11 - Alligator Annie and the Scarcity Adventure Students help Alligator Annie solve scarcity problems in her around the world adventures. Unit 1: Lesson 5 - Bulletin Board: People Movers Students draw and collect pictures and build clay models of consumer transportation as they create a bulletin board display of transportation services people consume.

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 6: The Basics of a Market Economy Participants will identify the characteristics of people who build wealth. Participants will recognize the primary features of a market economy including voluntary exchange, private ownership, a pric...

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 1 - What Are Productive Resources? In this lesson, the students become economic detectives and try to determine how economists categorize productive resources. Working in groups, the students sort cards into categories they create and ...

Capstone: Exemplary Lessons for High School Economics - Teacher's Guide Grade: 9-12   Published: 2003 4 of the 45 lessons are related to this lesson. They are listed below. Unit 1: Lesson 4 - To Choose or Not to Choose? That Is Not the Question Students make a decision after identifying the alternatives and their anticipated costs and benefits. Unit 7: Lesson 44 - World Environmental Issues: Is the Market at Fault? Students study for short case studies. They identify similarities and differences across these five case studies. After noting this information, they assess several environmental policy solutions. ... Unit 1: Lesson 3 - Economic Magic: Creating Something from Nothing Students participate in a small-group survival activity designed to illustrate the basic economic decisions people in every economy must address. They must decide which resources are scarce and they ... Unit 1: Lesson 2 - Scarcity and Abundance The lesson provides students with two definitions of the term scarcity. They apply these definitions to several examples of human behavior. In the second part of the lesson they use the definitions ...

The Wide World of Trade Grade: 6-8   Published: 2003 1 of the 11 lessons are related to this lesson. It is listed below. Lesson 1: There's Never Enough Working in groups that represent countries, students randomly draw cards from boxes labeled natural resources, human resources, and capital goods. The groups use their available resources to provide ...

Economics in Action: 14 Greatest Hits for Teaching High School Economics Grade: 9-12   Published: 2003 1 of the 14 lessons are related to this lesson. It is listed below. 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...

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 1: Lesson 5 - Economic Choice and Opportunity Cost Through a reading, students learn how scarcity makes choices necessary and results in opportunity cost.

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.

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...

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...