K-5 Lessons | Center for Economic Education | University of Nebraska Omaha

University of Nebraska Omaha

College of Business Administration Center for Economic Education

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Glossary

Lessons

Grades	Lesson	Concept	Lesson Description	Content Areas	NE Standard(s)	US Econ Standard(s)
1-3	Everyday Opportunities	Opportunity Cost	In this lesson, students will learn about choices and opportunity costs that occur every day. While this lesson will go on throughout the day, the actual lesson is short.	Economics	2.2.1	1 4 Benchmarks: 0
1-3	If you Give a Mouse a Cookie	Goods/Services	A little mouse shows up at a young man's house. The young man gives the mouse a cookie and starts a chain of events. Learn about unlimited wants, and goods and services. ©SPEC Publishing	Language Arts	1.2.1	1 3 Benchmarks: 1, 2, 3, 4, 5, 6, 7
K-2	Why We Save	Saving/Spending	Lesson 8, Personal Finance Economics K-12: Pocketwise. (PDF Format) Copyright ©1996, Council for Economic Education, New York, NY 10036. Used with permission.	Personal Finance	0.2.1 1.2.6	1 2 5 11 Benchmarks: 0
K-2	Every Penny Counts	Spending, Budget, Choice, Decision Making	Children and adults, confronted by a multitude of tempting consumer products, must learn to evaluate the options available to them. But how does one spend money wisely?	Economics, Personal Finance	N/A	1 2
1-3	The Goat in the Rug	Producers/Production, Resources: Natural/Human/Capital	Geraldine, a goat, tells the story of a Navajo weaver who produces a rug using the goat's mohair. Learn about economics: producers, resources (natural, human, capital), intermediate goods; and Language Arts: Categorizing, sequencing, noting details, writing personal narrative. ©SPEC Publishing	Language Arts	2.2.2 3.2.2 4.2.2	1 3 Benchmarks: 9, 10, 11, 12, 14, 15, 73
4-6	Popcorn Economics	Scarcity	Lesson using popcorn to teach, and to help students experience, scarcity. Lesson by Mary Suiter, adapted from a lesson found in Kaleidascope, USA. Published by the Center for Entrepreneurship and Economic Education, UM-St. Louis.	Economics, Language Arts	0.2.1	1 Benchmarks: 0
4-6	The Real McCoy	Productivity/Entrepreneurs	Elijah McCoy was an African-American inventor who successfully designed an automatic oil cup that may have inspired the popular phrase, "the real McCoy." Learn about increasing productivity and patents. ©SPEC Publishing.	Language Arts	8.2.1	12 13 14 15 Benchmarks: 1, 2
4-6	Homer Price (The Doughnuts)	Resources: Natural/Human/Capital	The doughnut machine goes on a rampage making hundreds of doughnuts. Learn about capital resources, increasing productivity, law of demand, quantity demanded, and Language Arts: using reference materials, oral expression, organizing and sequencing information. ©SPEC Publishing.	Language Arts	8.2.1	1 7 Benchmarks: 1, 2, 3, 4

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