University of Texas
Scarcity
How can having too little of something impact your life? Scholars investigate the concept of scarcity in their own lives and in the overall picture of the economy. Brainstorming activities as well as student-parent work bring to light...
Federal Reserve Bank
Monster Musical Chairs and Scarcity
Why can't we have everything we want? Youngsters are introduced to the concept of scarcity through a game of musical chairs and by discussing what it takes to satisfy our wants.
Curated OER
Scarcity of Water Throughout the World
Students identify the various forms of fresh water on the earth. They observe a demonstration aand read articles that show them the importance of water conservation. They write a journal about their opinion regarding paying for water.
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...
Council for Economic Education
Teaching Economics Using Children's Literature
Introduce young learners to the subject of economics using their favorite stories and books. Including 24 separate lessons, this guide covers economic principles such as trade, scarcity, consumer goods and services, renewable and...
Curated OER
Scarcity and Choice
After reading the book A Bargain for Frances, young economists discuss how money is exchanged for goods or services. They demonstrate effective financial decision-making by listing ways to save money for a product they would like to buy.
Illustrative Mathematics
Field Day Scarcity
Introduce young mathematicians to concepts of financial literacy with this open-ended word problem. With seven dollars to spend during field day and given a list of available items and their prices, children must determine how they want...
Curated OER
Rachel's Life is in a Hole
Explore how lack of access to water impacts peoples' lives in poor countries. Through text reading and discussion, middle schoolers are presented with the story of a young girl who lives and functions with limited water resources. They...
Curated OER
Economics Unit I - The Basics
Twelfth graders access how scarcity requires individuals and institutions to make choices about how to use available resources. They explore the characteristics of different economic systems and institutions. Student are able to describe...
Curated OER
The Mitten
Students read the book, The Mitten and make a list of animals that moved into the mitten. For this literature lesson, students discuss why we like to have nice, warm places to live, and what happens when there isn't enough space for...
Carolina K-12
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in producing a car and using that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources, and...
Curated OER
Scarcity of Land Throughout the World and in Hawaii
High schoolers discuss the importance of "land." They review the four types of land classification--urban, rural, agricultural and conservation--and participate in an activity involving an apple that demonstrates the use of land in...
Earth Day Network
Conserving Water Through Art!
Having fresh, clean drinking water is a privilege many people take for granted. Help raise awareness about the scarcity of water and the importance of conservation by discussing different ways water is used in everyday life. Brainstorm...
Curated OER
Conserving Water through Art!
Students study water conservation. In this water conservation lesson, students investigate the scarcity of water and determine reasons for conserving water. Students estimate how much water they use in one day and identify ways to...
Pulitzer Center
Food Insecurity
Food insecurity, whether as a result of food scarcity or a lack of nutritious food, is a growing and serious problem in the world today. After discussing the concept of food insecurity, learners listen to an NPR radio broadcast on the...
Workforce Solutions
Workforce Solutions 2-3 Lessons
Four lessons and an at-home connection examine 12 jobs. Beginning with an interactive map, scholars view and discuss each one within their small group. Groups focus on the products provided and on their scarcity. Finally, pupils look...
SRI International
The Water Crisis
Water, water, everywhere, right? Wrong. Learners assess their own knowledge of water availability on Earth. Then, through a reading, a teacher-led presentation, and an activity, pupils learn about the importance of available clean...
Curated OER
Food Insecurity
Explore food insecurity and resource scarcity with your class. They discuss the sharing of scarce resources, how to be good caretakers of these resources, and how choices impact the entire world.
Curated OER
Population Density in the Ghettos
Students make calculations of population density to recognize the stressful conditions experienced by European ghetto dwellers due to high population density and scarcity of resources.
Federal Reserve Bank
Lesson 1: Katrina Strikes
Most families have an emergency kit in their home with flashlights, water, and extra food. But what happens to your money when disaster strikes? An economics lesson focused on the aftermath of Hurricane Katrina in 2005 demonstrates the...
Curated OER
Edwin Perkins: A Nebraska Success Story
Fourth graders explore the life of the inventor of Kool-Aid to unearth concepts of a market economy. Vocabulary presented helps support the learning process.
Federal Reserve Bank
What Are the ‘Ingredients’ for Economic Growth?
Delve into the concept of economic growth with your class members, including why economic growth is important, what causes it, and how can countries encourage it.
Advocates for Human Rights
The Right to a Clean Environment: Water
First, young citizens learn about water consumption by doing some research themselves on their home water usage and sharing their findings with the class. Then, they do some brainstorming and devise a plan to reduce water consumption.
Curated OER
Helping Hands Across the Word
Students explore ways to prevent poverty. In this philanthropy lesson, students read the stories Beatrice's Goat and Give a Goat and construct a Venn diagram comparing the two stories. Students discuss how to conserve resources to...
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