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Economics: A K-1 Unit about Needs, Wants, Goods and Services

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Kimberly Cavett
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A K/1 Social Studies Unit introducing concepts of economics through games and activities:

Needs and Wants Webs: write examples of needs and wants (p.3-4)

Goods and Services Sort: sort pictures of goods and services (p.5-6)

Goods and Services: draw examples of goods and services and label them (p.7)

Making Choices: color in toys whose sum is equal or less than 85 cents (p.8)

Basic Needs: draw examples of basic needs (Food, clothing shelter) (p.9)

Game Ideas: list of game ideas and instructions along with printouts (p.10-18)

Why Save?: describe the why it is important to save our money and write what you would save money for (p.19)

When I Grow Up: draw a picture of what you want to be when you grow up (p.20)

A Job Well Done: pick a job and list what life-skills you would need to perform that job well (p.21)

Career Interview: students choose a person to interview
about their job (p.22)

Class Books: Needs & Wants, Goods & Services, What are you saving for?

Check out my blog post to see how I used this unit in my own classroom!


This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
K-12 Subject:
Grade Level(s):
Teaching Duration:
1 Week 
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# of Pages/Slides:
29
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Economics: A K-1 Unit about Needs, Wants, Goods and Services
Economics: A K-1 Unit about Needs, Wants, Goods and Services
Economics: A K-1 Unit about Needs, Wants, Goods and Services
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Abigail B  (TpT Seller)
First of all, thanks for the great economics unit! I've enjoyed using it as a supplement to my existing economics lessons.

A quick question: tomorrow I am using the "Why Save?" worksheet and I'm curious about which reasons your students listed for the three reasons to save money (if you wouldn't mind sharing them). I teach ESOL, so I was hoping to give them the reasons to copy down.

Thanks so much for your help!
May 14, 2012 Report inappropriate comment
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Kimberly Cavett  (TpT Seller)
Several students said to save for a car. We talked about saving money for college and also to buy a house. Some kids just wrote down they wanted to save for a particular toy or gadget they wanted to buy. I also mentioned saving money in case you have an emergency and need extra money.

Glad you are enjoying it!
May 14, 2012 Report inappropriate comment

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