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Kindergarten, Social Studies
Std 5:
Identify personal wants and needs.
                • Discussing differences between purchasing and bartering for materials
                • Discussing reasons for making choices

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.
 

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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