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
Introduction To Economics
High schoolers examine the fundamental nature of economics - unlimited wants and scarce resources and the need to make choices, the three questions related to the economic problem and its implications for an economy. This lesson come...
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...
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
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.
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
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...
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.
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...
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
Explorations in Economic Demand, Part I
Your economists will relate to the choices at hand in this personal budgeting scenario. A passage describes Bob's predicament: he's going away to college and must buy his own clothes, including the pricey Levis he wants to buy 8 of....
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...
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
"Do You Need It or Just Want It?"
Students distinguish between "wants" and "needs." Students make a short list of each. They review The Berenstain Bears Count Their Blessings book and discuss what blessings are. Students then rewrite their list of wants and needs.
Curated OER
Do You Really Need It?
Fourth graders read and share chapters of The Boxcar Children. For this wants and needs lesson, 4th graders understand through their reading the differences between wants and needs. Students complete a worksheet about wants and needs...
Curated OER
Third Grade Economics
In this economics learning exercise, 3rd graders answer questions about crops, natural resources, prices of items, and more. Students complete 20 multiple choice questions.
Curated OER
If You Give A Mouse A Cookie: A Lesson In Economics
Students explore the concept of cause and effect as it relates to economics through the story "If You Give A Mouse A Cookie." Students discuss simple cause and effect relationships and make predictions according to the story. They play...
Curated OER
What Do You Want to Sell?
Students explore how companies describe their products and services. They write business plans for companies based on their interests or needs.
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
Want To... / Need To... / Have To.....
Students demonstrate how to express needs, wants, and obligations. They observe a teacher-led demonstration, complete a worksheet, and listen to a recorded dialogue.
Curated OER
Investigations in Aid: Identifying the Need
Learners investigate the needs in emerging nations. In this emerging nations lesson, students research the conditions for needs in the given countries. Learners are assigned to the country groups of Honduras, Nigeria, Bosnia, Cambodia,...
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
Do I Want or Need?
Young scholars explore wants and needs. In this introductory economics lesson, students use a "pinch card" to display whether a familiar item is a "want" or a "need". Young scholars listen to the book Alexander used to be Rich on...
Curated OER
All I Really Need!
Students differentiate between wants and needs. In this basic needs lesson, students prepare to pack for a trip to grandma's house and determine what they need for the trip and what they want for the trip.