1. Teaching Economics What Do They Really Need to Know?

2. Teach About Scarcity (goods & services) Resources (natural, human and capital) Costs and Benefits (saving & spending)

3. Goods & Services Tangible things --Goods Shelter, food, clothing, cars, book, games Shelter, food, clothing, cars, book, games Intangible things --Services Entertainment, police protection, medical care, education, leisure time Entertainment, police protection, medical care, education, leisure time Making choices-- consumer

4. Natural, Human & Capital Make the goods and services--- producers 3 types of resources Natural– nature & land Human –jobs people perform to meet the needs (dentists, barbers, policemen, farmers..etc..) Capital – goods made for others to use to make goods…such as tractors for farmers, trains and trucks that haul the goods, machines in factories..etc..

5. Cost & Benefits How much does it cost? What benefit will I get by buying it? Use practical day to day experiences Use practical day to day experiences Teach about money..banks—saving & spending; advertisement’s effect on spending Teach about money..banks—saving & spending; advertisement’s effect on spending

6. Advertising Exposure to products Main sources Main sourcesTVRadioInternet Activities should focus on ways to avoid falling into the “Buy ME..You have to Have Me” (propaganda)

7. Money Banks, Earning Earning Saving Saving Spending Spending Activities should focus on personal finance..

8. Instructional Tools Literature Alexander, Who Use to Be Rich Last Sunday” Alexander, Who Use to Be Rich Last Sunday”Skits/PlaysSimulations “Decisions, Decisions” “Decisions, Decisions” “Video” Games Sim City Lemonade Stand Zoo Tycoon

9. Resources http://ecedweb.unomaha.edu/home.htm http://tqjunior.thinkquest.org/3901 http://www.practicalmoneyskills.com/foreducators/ http://www.kidsbank.com/index_2.asp http://www.coolmath- games.com/lemonade/index.html http://www.coolmath- games.com/lemonade/index.html http://www.socialstudiesforkids.com/subjects/econo micsgames.htm http://www.socialstudiesforkids.com/subjects/econo micsgames.htm http://www.kidsturncentral.com/links/moneylinks.htm http://www2.scholastic.com/browse/collection.jsp?id =455 http://www2.scholastic.com/browse/collection.jsp?id =455