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In this Page One Economics®: Focus on Finance, we look at the psychological forces of delayed gratification and self-control, which help us work toward the future benefits of saving money.
This video helps kids understand that because of scarcity, people must make choices.
Students learn about the five-step PACED decision-making process. Students complete a decision-making grid and participate in a taste test to determine the best mini pretzel. They learn about ways to complete a decision-making grid for criteria.
Students listen to the story of Ruby and Max, bunnies that go shopping and make spending decisions. They learn about short-term and long-term savings goals. After a goal-sorting activity, students choose and illustrate their own savings goal.
Students learn about scarcity, alternatives, choices, and opportunity costs by reading "So Few of Me" by Peter H. Reynolds. The class participates in an activity to help Perdita figure out her morning schedule at summer camp.
Students work in small groups ("work crews") while participating in a production activity. Students learn about competition, division of labor, and incentives. They also demonstrate how division of labor and incentives help lead to greater productivity.
In this lesson, students learn about opportunity cost, saving, savings goals and a savings plan by reading The Pickle Patch Bathtub by Frances Kennedy. Students will develop savings plans that lead to their own savings goals.
In this lesson, students are introduced to budgeting. They see how quickly their income can disappear without proper planning and thought. The students participate and discuss what happens in a reader’s theater. They are introduced to a spending tracker
Upper elementary students can help Jay Eagle learn about entrepreneurship by starting a business in this interactive adventure complete with lesson plans and student materials.
In this lesson, students will be introduced to the concepts of resources, scarcity, human capital and boycott. After reading a reality-based story about an all-black Little League team that faced racial prejudice, students will determine resources used in the production of baseball-related goods and complete comprehension and analysis-driven activities tied to key vocabulary covered within the lesson. Specifically, students will identify examples of scarcity, interpret consequences of various actions and determine ways to improve human capital. Additionally, K-2 grade students will interpret textual and visual data, while 3-4 grade students will work together to solve mathematical problems based on the story