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Grades K-2
Teach About Scarcity with "The Mitten"
This is a folktale retold by Jan Brett about a little boy whose grandmother knits him a pair of snow...
Key Concepts: Scarcity
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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…
Grades K-2
We are Consumers and Producers
In this economics lesson, students learn how they and family members fulfill the roles of producers and consumers.
Key Concepts: Consumers, Goods and Services, Producers
Grades K-2, 3-5
What is Competition?
Students will understand what businesses are, that a marketplace exists whenever buyers and sellers exchange goods and services, and that...
Key Concepts: Business Costs and Revenues, Consumers, Decision Making/Cost-Benefit Analysis…
Grades K-2, 3-5
Clipping Coupons
In this lesson, students will calculate savings for different products when using coupons. They will also decide what factors will...
Key Concepts: Decision Making/Cost-Benefit Analysis, Incentive, Markets and Prices…
Grades K-2, 3-5
The ABCs of Saving
In this personal finance lesson, students will learn about short and long term goals in order to be a successful...
Key Concepts: Opportunity Cost, Saving
Grades K-2, 3-5
A Pet For Beans from 'Jack and the Beanstalk'
After listening to a computer-read story, "Jack and the Beanstalk," the students will find out that beans were used as...
Key Concepts: Money, Trade, Exchange and Interdependence
Grades K-2, 3-5
What Are Incentives?
Students will understand that incentives are used to encourage them to make good choices. After identifying incentives offered at home...
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Incentive
Grades K-2
The Shoemaker's Tools
After hearing the story, "The Shoemaker and the Elves," the students will find the capital resources of the shoemaker's business.
Key Concepts: Goods and Services
Grades K-2
Costs and Benefits of 'The Three Little Pigs'
In this economics lesson, students examine the choices made in the story of The Three Little Pigs.
Key Concepts: Decision Making/Cost-Benefit Analysis
Grades K-2
I Can Dream Anything!
After listening to the song, 'I Can Do Anything', students discuss services that people in the community perform. This lesson...
Key Concepts: Choice, Specialization
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
Grades K-2
Tricks for Treats
Students will recognize that people (and animals) will work for incentives.
Key Concepts: Choice, Incentive
Grades K-2
Increasing Productivity
This lesson stimulates students' thinking with stories about rigorous athlete training illustrating the importance of training and practice. After students...
Key Concepts: Division of Labor/Specialization, Goods and Services
Grades K-2
Eureka!
Take a look at how inventions, such as plastic, have changed our lives and how they are changing the future...
Key Concepts: Entrepreneurs
