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Grades 3-5, 6-8

Willy Wonka Allocates Golden Tickets

In this lesson,  students review scarcity and ways to allocate scarce resources (like golden tickets), taking the perspective of the...
Key Concepts: Allocation, Scarcity
45 mins
Lesson

Grades 9-12

Can You Allocate Ethically?

In Lesson #4 from the Ethics, Economics, and Social Issues curriculum, students work in groups to analyze allocation methods, apply...
Key Concepts: Allocation, Decision Making, Incentives…
45 mins
Lesson

Grades K-2

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...
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Scarcity
Lesson

Grades 9-12

Is Efficiency Ethical?

In Lesson #5 of the Ethics, Economics, and Social Issues curriculum, students role-play to understand both the power and limits...
Key Concepts: Decision Making/Cost-Benefit Analysis, Marginal Analysis, Scarcity
60 min
Lesson

Grades K-2, 3-5

Toys for Me: A Lesson on Choice

Updated! In this elementary economics lesson, students will categorize and prioritize their wants to learn about scarcity and choice. Scarcity...
Key Concepts: Decision Making/Cost-Benefit Analysis, Opportunity Cost, Scarcity…
Lesson

Grades K-2, 3-5

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...
Key Concepts: Choice, Scarcity
Lesson

Grades 6-8, 9-12

You Decide - Money Allocation Game

Let your students allocate $20,000 money to these repair jobs based on how important they are in the area!
Key Concepts: Money Management, Opportunity Cost, Scarcity…
Activity

Grades 9-12

Allocating Goods and Services

In this economics activity, students will match individuals with their preferred methods of allocating goods and services.
Key Concepts: Decision Making/Cost-Benefit Analysis, Scarcity
30 mins
Activity

Grades 9-12

Car Loan Project

In this personal finance lesson, students will evaluate different advertisements about cars to learn about the car buying process.
Key Concepts: Decision Making/Cost-Benefit Analysis, Scarcity
90 mins
Lesson
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Publication

Grades 9-12

Decision Making

In this personal finance lesson, students will use a five-step model to learn about decision making.
Key Concepts: Decision Making/Cost-Benefit Analysis, Opportunity Cost, Scarcity
45 mins
Lesson

Grades K-2, 3-5

Intro to Scarcity

In this economics lesson, students will sing and play a game to learn about scarcity.
Key Concepts: Scarcity
60 mins
Lesson

Grades 3-5, 6-8, 9-12

Scarcity Video and Quiz

In this economics video, students will learn about scarcity and play a Kahoot! game.
Key Concepts: Economic Systems, Goods and Services, Scarcity
10 mins
Video

Grades 9-12

Production Possibilities Curve

In this economics lesson, students will use a production possibilities curve to learn about scarcity and opportunity cost.
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Scarcity
45 mins
Lesson

Grades 9-12

Money Management/Budgeting Video and Quiz

In this personal finance video, students will learn how to budget and manage their money and play a Kahoot! game.
Key Concepts: Budgeting, Saving and Investing, Scarcity
10 mins
Video