Check out this umbrella. Why would someone put this picture on an umbrella?
Kindergarten: What do you think about when you look at this picture? What does it make you want to do? How does an advertisement like this make you think about your wants and needs? SS.K.E.1.4 Identify the difference between basic needs and wants. 1st Grade: What do you think about when you look at this picture? What does it make you want to do? An opportunity cost is the thing you give up when you make a choice. What might you have to give up in order to purchase a soda? SS.1.E.1.2 Define opportunity costs as giving up one thing for another. 2nd Grade: What do you think about when you look at this picture? What does it make you want to do? People have to make choices because resources–for example, money–are limited. What might you have to give up in order to purchase a soda? SS.2.E.1.1 Recognize that people make choices because of limited resources. 3rd Grade: What do you think about when you look at this picture? What does it make you want to do? If you want this soda what do you have to do? SS.3.E.1.1 Give examples of how scarcity results in trade. 4th Grade: What do you think about when you look at this picture? What does it make you want to do? An opportunity cost is the thing you give up when you make a choice. What might you have to give up in order to purchase a soda? SS.4.FL.2.1 Explain that economic wants are desires that can be satisfied by consuming a good, a service, or a leisure activity. SS.4.FL.2.2 Explain that people make choices about what goods and services they buy because they can’t have everything they want. This requires individuals to prioritize their wants. SS.4.FL.2.4 Discuss that whenever people buy something, they incur an opportunity cost. Opportunity cost is the value of the next best alternative that is given up when a person makes a choice. 5th Grade: What do you think about when you look at this picture? What does it make you want to do? An opportunity cost is the thing you give up when you make a choice. What might you have to give up in order to purchase a soda? Was this product available during colonial times? Did sellers of products use advertisements in colonial times? SS.5.A.4.4 Demonstrate an understanding of political, economic, and social aspects of daily colonial life in the thirteen colonies. Middle School Financial Literacy: What do you think about when you look at this picture? What does it make you want to do? An opportunity cost is the thing you give up when you make a choice. What might you have to give up in order to purchase a soda? What should you do before you make a decision to buy something based on advertising? How can you gather information about goods or services? SS.8.FL.2.1 Explain why when deciding what to buy, consumers may choose to gather information from a variety of sources. Describe how the quality and usefulness of information provided by sources can vary greatly from source to source. Explain that, while many sources provide valuable information, other sources provide information that is deliberately misleading. Comments are closed.
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AuthorDeborah Kozdras, Ph.D. Archives
February 2022
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