Baylor College
Need or Want?
Even as adults it can be hard to distinguish needs from wants. Using pictures of common, everyday items, children make a pocket chart separating the objects they need from those that they want. Discuss their choices, explaining that...
Curated OER
Needs and Wants
First graders recognize the difference between needs and wants. In this treaty lesson, 1st graders chart their needs and wants to be used in making a treaty. Students negotiate what should be in the treaty based on the importance of...
Curated OER
First Grade Economics Unit
First graders begin by studying the differences between a "good" and a "service". They compare items to each other to help comprehend the differences. They also look into the differences between buyers and sellers and how the choices...
Sharp School
Real Life Economics 101
Your learners will take key economic concepts, such as identifying needs versus wants and the four factors of production, and design a video to explain their topic choice to the class. Rather than have one person in charge of dispensing...
Curated OER
Do You Really Need It?
A large part of understanding personal finance and economics is grasping the concept of wants and needs. This presentation provides students with basic yet effective definitions of wants, needs, and how they effect advertisements and...
Curated OER
Wants and Needs
Here is an outstanding lesson on wants versus needs designed for 1st graders. Pupils listen to the book, Something Good which presents themes on wants, needs, choice, resources, and counting money. Pupils complete worksheets embedded in...
Curated OER
WANTS VS. NEEDS
Students gain an appreciation for wants and needs by analyzing poems, researching spending choices on the internet, interviewing family members, and create power point slides.
Federal Reserve Bank
Wants on a Continuum
You can't always get what you want, but you might just be able to teach your class about wants and choices. This plan leads pupils through a discussion and closes with a worksheet and assessment.
Carolina K-12
Comparing Economic Systems
How do people make decisions in a world where wants are unlimited but resources are not? How do individuals and governments utilize scarce resources (human, natural, and capital) in different economic systems? Introduce your learners to...
Curated OER
Our Country's People Lesson 3
In this recognizing our country's people worksheet, students review and identify economic terms. Students write eight multiple choice answers.
Curated OER
Introduction to Business: Business Feud
Trying to liven up an introductory economics unit on wants and needs? Combine text review with a game using this guide, which has scholars earning the right to play "Business Feud" by scoring high on reading recall questions. While it is...
Curated OER
Needs versus Wants
Second graders explore the difference between needs and wants. They explore the three important things that people need to survive.
Curated OER
Needs & Wants
Second graders determine the definitions of needs and wants. They write the definitions down and make a personal list explaining their own wants and needs. They cut out pictures from magazines showing their wants and needs which they...
Curated OER
Needs And Wants
Students make cards illustrating things they think they need and want to be healthy and happy. Groups then sort these cards into "wants" and "needs." The whole class discusses what it means when people's basic needs are not met and the...
Curated OER
Needs and Wants
Students examine the difference between needs and wants. In this consumption lesson, students illustrate their needs and wants and discuss their own reasons for buying things. They also discuss the connection between their choices and...
Curated OER
Needs vs. Wants Fill in the Blank List
In this needs vs. wants worksheet, students work with a partner to write a list of wants and a list of needs. They read the differences between wants and needs before making their lists.
Curated OER
Needs and Wants
Young scholars demonstrate responsible consumer choices. In this social studies lesson plan, students read The Lorax and discuss wants and needs. Young scholars discuss how to save natural resources by making informed consumer choices.
Curated OER
Cartoons for the Classroom: The Economic Paradox
It's a classic conundrum of economics: voters want jobs, but don't want to spend the money required for businesses to hire. This political cartoon analysis worksheet has students analyzing this enigma and responding to 3 talking points...
Curated OER
Values, Wants, and Needs
Build a basic understanding of four fundamental economic principles. Defined here are the concepts of value, scarcity, want, and need. All of these terms are very important to understand when discussing economic choices or cost/benefit...
Curated OER
The Foundation of Economics
This is a one-stop shop as an introduction to Economics; review 53 slides covering the basics of most economics principles with images and instructor notes. Journey from Adam Smith and the foundation of modern economics to concepts such...
Curated OER
Having a Savings Plan
Young scholars discover the importance of saving and spending. In this finance lesson plan, students read the book Kermit the Hermit and discuss the differences between needs and wants. The young scholars complete worksheets concerning...
Curated OER
Tropical Travel choices
Students recognize the difference between needs and wants. In this tropical travel activity, students observe a coin from the Northern Mariana Islands and plan a trip. Students read text about the island and complete a "weigh your...
National First Ladies' Library
Eleanor Roosevelt: Economics, Discovery and Daily Life
Examine the causes and effects of the Great Depression and the role of Eleanor Roosevelt during the era. Pupils take an inventory of their home for wants and needs, and conduct online research on The Great Depression. They then convert...
Curated OER
Everybody Needs
Pupils compare cultures. In this needs and wants instructional activity, students discuss the basic necessities of life and what they need in a day in order to survive. Pupils also discuss how these needs might change if they lived in...