Why Lesson Planet?
How do we decide what to buy? Empower your economists to spend their money wisely through this introductory consumer choice instructional activity. Learners read a passage on wants and needs, scarcity, and tradeoffs. Next, students personalize the lesson by recording their income and expenses for 1 week using a template provided. They add the total income and subtract expenses to determine the amount of money left over. Students reflect on their choices in 2 short-answer questions.