LEARN NC

K–12 teaching and learning · from the UNC School of Education

About this resource

Appropriate grades
K–2
Provider
National Council on Economic Education

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In this EconEdLink lesson, students listen to a story and will learn how to identify the cost and benefits involved in making decisions. The story, “Country Mouse and Town Mouse,” tells about a mouse who lived in the country but went to the city to visit. Students will make a cost/benefit chart showing their understanding of the differences between costs and benefits, based on the story. Included in this lesson are two interactive drag-and-drop activities.

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.

Grade 2

  • Goal 7: The learner will apply basic economic concepts and evaluate the use of economic resources within communities.
    • Objective 7.01: Distinguish between producers and consumers and identify ways people are both producers and consumers.

Kindergarten

  • Goal 6: The learner will apply basic economic concepts to home, school, and the community.