| Lesson Plans:
Rumble, Grumble, Gurgle, Roar
This
introductory economic lesson allows students to find out that everybody
has wants - even if you are a penguin!
Wants and Needs
The students will cooperatively sort magazine pictures
into Wants and Needs. They will glue the pictures onto the correctly
labeled poster board in an effort to develop an appreciation of the
difference between the two.
You
Have to Give Up Something!
The students will write down which items were
opportunity costs and why they chose those particular items.
To Eat or Not to Eat?
After
reading The Very Hungry Caterpillar by Eric Carle, students will sort
the foods the caterpillar ate by foods they need or don't need for
their body.
Weighing Wants and Needs Demonstrate understanding of
basic concepts embedded in the study of economics—scarcity,
resources, wants, goods and services and opportunity costs.
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Resources:
The Difference Between Wants and Needs: People earn, save,
and spend money to satisfy their needs and wants. Making the right
choice between the two is not always easy. Water, food,
clothing, shelter, and clean air are all introduced and discussed as
your students learn about the difference between a need and a want.
Short video from United Streaming.
Everybody Needs Shelter: Understand that shelter is one of
our four basic needs, and witness dozens of human shelters-—igloos
to mansions—-from equator to poles and sea to mountain-top.
Short video from United Streaming.
How Our Economy Works: All About Earning and Spending Money:
People work to earn money to satisfy their basic
needs and wants. Help students understand the two, as well as the
difference between goods and services. Explore a variety of jobs,
including production and service workers, and introduce students to
banks and the concept of saving money. Short video from United
Streaming.
Going
Shopping: A printable book from Enchanted Learning.
Additional links to food activities available.
Economics Songs: Commercials.
Learning Center Winning Wants:
Students construct a winner's ribbon as
they complete sentences describing many ways to satisfy a want.
Suggestions for English Language Learners:
(E/B=Entering/Beginning, D=Developing, E=Expanding)
(E/B) Accept students
pointing, sorting, drawing; using nonverbal responses to a question.
(E/B) Students place pictures in a chart pocket with an ‘I want’
pocket and an ‘I need’ pocket.
(E/B) Given an ‘I want’ circle and an ‘I need’ circle,
students move to correct spot when an item is held up.
(E/B) Students categorize objects into two containers labeled
‘I want’, ‘I need’.
(D) Students draw pictures of wants and needs and label them.
(D) When presented with an obvious contrast (bread vs. a toy),
students indicate orally which item is needed or desired.
(E) Students use ‘I want’ and ‘I need’ appropriately when
making requests in the classroom.
(E) Students dictate a creative story using visuals of wants and
needs.
(E/B, D, E) Students sort magazine pictures into wants and
needs.
(E/B, D, E)
Students sort foods they like into
what they want to eat or what their body needs.
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