Lesson Plan

First Grade Economics Unit

Curated and Reviewed by Lesson Planet

First graders begin by studying the differences between a "good" and a "service". They compare items to each other to help comprehend the differences. They also look into the differences between buyers and sellers and how the choices they make effect them in various ways. Lastly, the students look into the differences between "needs" and "wants" through the explanation that nobody can have everything they want all the time.

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