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Benjamin Franklin: Goods and Services in Colonial America
Fifth graders examine the impact of Benjamin Franklin's ideas on the goods and services available in Colonial America as well as analyze the importance of Franklin to modern society. While listening to "How Ben Franklin Stole the...
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Economic Activity and Markets
Students identify and interpret that economic activity involves making choices in the face of scarcity, therefore making choices involves a cost. They also identify that individuals interact in markets by inducing one another, through...
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Why Do I Want All This Stuff?
Students identify two factors that determine consumer demand as well as substitutes and complements for selected goods and services. After examining advertisements, they distinguish between fact and opinion and explore the factors that...
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Life of a Dollar Bill
Students examine the basic need for money and the circular flow of resources between households, businesses, government, and financial institutions. They discover how money gets into circulation and how it facilitates the production of...
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Cultural Exchange
High schoolers are introduced to the concept of cultural exchange and identify two examples of the concept. Individually, they research two specific examples of exchange and write about how it affected the two groups involved. They...
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The Basic Questions: What, How, and For Whom?
Students review the various types of economic systems. As a class, they identify the three basic economic questions: what?, How?, and For Whom?. Using capitalism as an economic system, they discuss how each question is answered.
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Money as a Means of Exchange
First graders discover the term bartering as used to pay for wanted items. They play a bartering game to discover exchanging goods for wanted items and play the computer money game on the "Show-Me Economics" web site.
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Goods and Services?
Pupils distinguish between goods and services, and identify that goods and services are used to satisfy needs and wants. They view illustrations from books to find and chart examples of good and services and make connections that goods...
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Goods for You!
Students define "goods" and "services" and identify examples of both. They read farm books and discuss what we use from animals and plants on a farm. They observe the Wisconsin quarter reverse and locate Wisconsin on a map.
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Identifying Natural Resources
Third graders identify natural resources within SE Utah and the Four-Corners regional environment, that provide for community development.
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Where is Agriculture?
Students study agriculture. In this agriculture activity, students investigate how agriculture helps to meet a family's needs. Students identify things in their home that began as agriculture.
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Goods and Services
High schoolers describe the difference between goods and services. Using magazines, they work together to create a collage in which they note the differences between goods and services. They present their collage to the class and...
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The Magic of Markets
Learners examine how exchange is trading goods and services with people for other goods and services or money. They examine how people voluntarily exchange goods and services because they expect to be better off after the exchange.
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Up and Down: Understanding How Price Influences What We Buy
Students consider price as a way of facilitating the exchange of goods and services. This activity focuses on the influences on price levels of goods for rival producers in the marketplace. PURPOSE
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Community Helpers Wheel
Students play a game to reinforce the understanding that some community helpers are producers of goods, and some provide a service. Students identify community helpers and their jobs.