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...
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
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
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...
Cengage Learning
Economics and Personal Finance
You don't have to be an economist to understand this packet packed with information and exercises about economics and personal finance. Designed for high schoolers, the activities explain why setting short and long terms goals is...
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...
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
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
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
Economics Quiz
Let your scholars test their economics skills with this 55-question quiz! They respond to fill-in-the-blank and multiple-choice questions pertaining to the study of microeconomics and macroeconomics. All answers are provided, and the...
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
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...
Council for Economic Education
What Do People Want to Wear?
Who doesn't love fashion, especially when it can be applied to economics, supply, demand, market trends, and price equilibrium. Curious young consumers examine market scenarios to determine their effect on the demand and price for...
Curated OER
Third Grade Economics
In this economics worksheet, 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
"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
Equilibrium
Twelfth graders and college students alike work on great practical application problems related to supply and demand with this worksheet series. There are five different worksheets containing graphs, charts, and scenario based problems...
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
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...
Curated OER
Centuries of Economic Growth: From Feathers to Robotics
Students read scenarios about the production of Bibles over five historical time periods. Working in small groups, students create skits and develop a retrieval chart that is used to analyze factors that impact economic growth.
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
Economic Reasoning: Why Are We A Nation Of Couch Potatoes?
Students examine the visual aids of this lesson to study the costs and benefits of decisions about diet and exercise. They investigate human choice as it affects behavior and in turns effects economics and consequences.