Grades 6-8, 9-12
Grade 9-12
,
Activity
Allocating Goods and Services
Objective
Students will be able to:
- Determine how personal attributes affect the allocation of goods and services.
In this economics activity, students will match individuals with their preferred methods of allocating goods and services.
Resources
Procedure
This activity is an individual activity where students will complete a matching game. Select between the ReadyAssessments Matching Activity or the Matching Game Worksheet. Every society needs a system for allocating resources. Regardless of the system used, there is never enough to satisfy everyone because resources are limited and wants are unlimited. To complete this activity, students need to follow the directions below:
-
- In the ReadyAssessments Matching or Matching Game Worksheet activity, you will match the person with the allocation method he or she would most likely favor to get the product he or she wants. After completing the matches, write a brief summary explaining why you chose each pair.
Related Resources
In this lesson, students learn about the importance of energy costs when considering household budgeting decisions. They also consider the...
Key Concepts: Budgeting, Decision Making/Cost-Benefit Analysis, Opportunity Cost
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 6-8, 9-12
How Does One Energy Policy - a Ban on Gas-powered Cars - Affect So Many People Differently?
In this economics lesson, students will use a jigsaw activity to analyze the effects of a single energy policy -...
Key Concepts: Decision Making/Cost-Benefit Analysis, Opportunity Cost
90 mins
Lesson
Grades 9-12
Can We End Housing Insecurity?
Students compare the economic costs and benefits of helping people who are experiencing housing insecurity and consider the ethical implications.
Key Concepts: Decision Making/Cost-Benefit Analysis, Role of Government
90 mins
Lesson