Curated OER
Consumer Society
In this consumer society worksheet, students think about where and why they buy goods and the difference between needs and wants. Students read a text and answer 30 varied questions.
Curated OER
The Wants and Needs of Making a Difference
Students analyze a reading selection. In this wants and needs lesson, students read a story to facilitate a discussion about wants and needs. Students discuss how communities help each other in difficult times.
Curated OER
2nd Grade Social Studies
Having a basic understanding to how our economy works is a great way to help students understand the world around them. This Social Studies presentation focuses on defining the concepts of trade, goods, service, wants, needs, and...
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.
Curated OER
Introduction To Business
Students determine the difference between wants and needs. They take a 10 question quiz which they must pass with 80% accuracy. They play teacher made game entitled Business Feud.
Curated OER
Economics Study Guide
Use this resource as a basic review of economic principles. There are six questions relating to the factors of production, opportunity costs, wants and needs, tangibles and intangibles, and more.
Curated OER
TECH: The Trading Game
Property ownership, restricted trade, and free trade are the topics of this game. Kids play a trade game to better understand the interrelationship between technology, economics, and personal choices. Rules to the game and a series of...
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
Lesson Plan on Wants and Needs
First graders examine and discuss the difference between what they need to live and what they want. They examine pictures from magazines and newspaper ads, distinguishing between whether they are wants or needs.
Curated OER
Want To... / Need To... / Have To.....
Students demonstrate how to express needs, wants, and obligations. They observe a teacher-led demonstration, complete a worksheet, and listen to a recorded dialogue.
Curated OER
Wants and Needs, Our community
Young scholars, after hearing the story, "The Rag Coat" discuss how family, school, and neighborhood provide basic needs and learning experiences. They decipher the difference between wants and needs and create a collage showing wants...
Curated OER
Meeting Our Daily Needs
Students investigate the concept of basic needs. In this philanthropy lesson, students define the term "philanthropy" and brainstorm ways to help others who don't get their basic needs met. Students analyze and sort acts of philanthropy...
Curated OER
Who Needs My Help?
Students think about helping others. In this citizenship lesson, students think of people in their lives who could use their help. Students illustrate the things they do to help others.
Curated OER
Consumerism: No Purchase Necessary
Learners read a script that helps them understand the ins and outs of consumerism. They watch a video (not included), and engage in two additional activities. The lesson engages critical thinking skills and brings awareness to the...
Curated OER
Who, What, Where, When, and Why
Learners explain the concepts of market system, command and mixed economy. They describe the differences between needs and wants. They compare and contrast different government and economic systems.
Curated OER
People making a difference
Students identify resources that all humans need and compare needs and wants. In this needs and wants lesson plan, students discuss with their teacher situations in which people need or want items and how some people don't have the...
Curated OER
Community and Me
Students continue to examine the concept of communities. In groups, they identify and create a list of their needs and wants and create artwork showing their community working properly. They describe the differences in communities...
Center for Entrepreneurship and Economic Education
Popcorn Economics
Scarcity of resources is a fundamental economics concepts that kids need to understand. You'll use a large bag of popcorn to demonstrate this concept. Have the class come up row-by-row to fill their snack bags with popcorn. By the last...
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
Who Wants to Spend $20,000?
Who wouldn't want $20,000 to spend? But, the question becomes, what do you spend it on? Learners discuss loans, interest, and making adult-like financial decisions. They role-play a scenario that depicts the choices of a girl who took...
Curated OER
What Do You Need?
Students discover the difference between needs and wants. Using pictures, they develop a list of the needs and wants shown in each. They answer and discuss the answers to the questions as a class to end the lesson.
Curated OER
Economics
Fourth graders study the effects of economics in their daily life. In this economics lesson, 4th graders construct a list of wants and needs if they had an unlimited supply of money. Students discuss how economics help people make...
Curated OER
"Going Camping"
Students review the difference between "wants" and "needs." Students apply acquired knowledge by preparing for a pretend camping trip. Students plan out their trip together and then revise their list twice.
Curated OER
Deciding to Serve
Seventh graders examine different ways where they can be most effective in sharing their newly acquired financial expertise. In this cross curricular lesson, 7th graders participate in a service project. Students design a service...