How Do We Get The Things We Want?
Learn more about goods and services, barter and trade, currency, and money.
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Lessons & Activities
46-60 min
What's Price Have to Do with It?
OVERVIEW
In this lesson, elementary students learn about consumers, goods, services, and price. They analyze how consumers generally respond to the changes in price for a good or service. From that analysis, they learn the law of demand. An assessment activity is included.
Related Resources
INFOGRAPHICS & COMICS
VIDEO Q&A
0-15 MIN
Consumers and Producers
Understand that people are both producers and consumers.
LESSONS & ACTIVITIES
1 HOUR+
Saturday Sancocho
Learn about money's advantages over barter.
LESSONS & ACTIVITIES
46-60 MIN
Mr. Cookie Baker
Read a story and identify economic resources.
LESSONS & ACTIVITIES
31-45 MIN
The Little Red Hen Makes A Pizza
Illustrate the roles consumers and producers play.
LESSONS & ACTIVITIES
46-60 MIN
The Berenstain Bears: Mad Mad Mad Toy Craze
Define buyers, goods, price, and sellers; identify prices and sellers for common goods.
More in This Series
CURRICULUM UNITS
Federal Reserve Economic Fundamentals: Elementary Curriculum
Introduce basic economic concepts that are designed for elementary school learners with ten independent hands-on lesson plans.
LESSONS & ACTIVITIES
1 HOUR+
Four Feet, Two Sandals Book & Lesson on Scarcity
Learn about allocating scarce resources using a story.
LESSONS & ACTIVITIES
1 HOUR+
Who Are Economists and What Do They Study?
Learn about a career as an economist.
LESSONS & ACTIVITIES
1 HOUR+
Ox-Cart Man
Simulate the circular flow of the economy.
LESSONS & ACTIVITIES
46-60 MIN
Characteristics of Money
Teach the six characteristics of money through video, hands-on investigation, and group activities.
LESSONS & ACTIVITIES
46-60 MIN
Hometown Bank Makes a Loan
Teach about banks' community impact through an interactive role-play simulation demonstrating loan ripple effects.
LESSONS & ACTIVITIES
1 HOUR+
What Makes a Community?
Learn about creating a community and the role of government and taxes.
LESSONS & ACTIVITIES
46-60 MIN
How Many Beverages Will Consumers Buy? Lesson on Demand
Learn about the law of demand and discover the relationship between price and quantity demanded.
LESSONS & ACTIVITIES
46-60 MIN
The Perfect Breakfast: Elementary Lesson Plan
Teach interdependence and trade concepts using yarn web activity, video, with assessment identifying trading countries.
LESSONS & ACTIVITIES
46-60 MIN
You Earn When You Learn
Learn about human capital through a classroom simulation activity and assessment.
