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Quick Facts

Subject: Social Studies

Type: 1 Lesson Plan

Skills:

  • Describe a want vs a need.
  • Explain why people save.

Materials Needed: pencil & crayons/colored pencils, scissors

Printable Resources:

  • Printable Student Resources:
    • “Exit Slip” (1 copy per student)
    • “Needs vs Wants” (1 copy for each student)
  • Printable Teacher Resources:
    • “Class Brainstorm Web” (1 copy for display)
    • “Needs vs Wants” Answer Key (1 copy for the teacher)

CCSS: CCSS.W.K.3, CCSS.RI.K.2, CCSS.K.MD.B.3

File Type: PDF

Lesson Plan Description

This is a 1 hour, lightly scripted, Kindergarten or 1st Grade Social Studies lesson. It answers the Essential Question: What is the basis of a functioning economy?

Students will:

  • Learn the difference between human needs and wants.
  • Learn why someone would need to save up money to purchase needs or wants.

Addresses the Economics K-2 subject: Explain why people save.

***Optional Cross Curricular Extension Activities for Reading, Math, and Writing.