Toys for me: A lesson on choice
http://www.econedlink.org/lessons/index.cfm?lesson=EM517&page=teacher
A lesson plan for grades K–1 Social Studies
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In this EconEdLink lesson, students are introduced to the concept of scarcity by illustrating how time is finite and how life involves a series of choices. Students also learn that when you give up something to choose something else, this cost is called oppportunity cost. This lesson incorporates an interactive student activity and links to a variety of web resources.
North Carolina Curriculum Alignment
Social Studies (2003)
Grade 1
- Goal 6: The learner will apply basic economic concepts to home, school, and the community.
- Objective 6.01: Examine wants and needs and identify choices people make to satisfy wants and needs with limited resources.
- Objective 6.06: Identify the uses of money by individuals which include saving and spending.
Kindergarten
- Goal 6: The learner will apply basic economic concepts to home, school, and the community.
- Objective 6.01: Distinguish between wants and needs.
- Objective 6.02: Examine the concept of scarcity and how it influences the economy.
- Objective 6.04: Give examples of how money is used within the communities, such as spending and savings.
