1      2      3      4     5      6 Next
1. The Question
Ms. Hegadorn got a new pet dog
  for her birthday. She is going
  to the store to buy some
  supplies for her dog but she
  only has enough money to buy
  three items. Which three items
  from the list below do you think
  she should buy? Why?

        •   Dog food
        •   Chew toy
        •   Doghouse
        •   Pet bed
        •   Dog treats
        •   Leash
        •   Dog sweater                                Image courtesy of Microsoft Office Clip Art
        •   Flea collar

    These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.
1      2      3      4      5      6 Next
2. Information Sources
You will visit three websites to learn
   about
• economic needs vs. wants
• making choices because of a
   scarcity of resources and
• the economic wants of a pet
   owner.

   Read the information on the three
   websites. As you read, think about
   the things a dog owner might need
   and which items would be the
   most important for Ms. Hegadorn
   to buy.




                                                          Image courtesy of Microsoft Office Clip Art


        These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.
1     2    3     4         5         6 Next
3. The Student Activity

   Read the information on the
   websites below:

Wants vs. Needs: Basic Economics

Scarcity and Choices
                                                                      Things
Economic Wants of Pet Owners:                                         a dog
   Interactive                                                        needs
As you read, use this graphic
   organizer to record things that a
   dog needs to live. This will help
   you determine which items are
   most important for Ms. Hegadorn
   to buy.




                                                                               Image courtesy of Microsoft Office Clip Art

     These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.
1       2       3        4        5   6 Next
4. The Assessment Activity
Ms. Hegadorn has a scarcity of money. She can only purchase three of
  the items below for her new pet dog. Write a letter to Ms. Hegadorn
  telling her which three items you think she should choose to buy. Be
  sure to tell her the reason why each would be needed by a dog
  owner.
        •   Dog food
        •   Chew toy
        •   Doghouse
        •   Pet bed
        •   Dog treats
        •   Leash
        •   Dog sweater
        •   Flea collar
                                                     Images courtesy of Microsoft Office Clip Art



 Type your letter in a Microsoft Word document. Please print it when you
   are finished. Use friendly letter format when writing the letter. Check
   for proper capitalization, punctuation, spelling and usage.
    These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.
1     2    3     4     5      6 Next
5. Enrichment Activities

When you finish your                                   You may also want to learn more
 letter, complete this                                   about what happens after you
                                                         make a scarcity choice. The
 activity to decide which                                most important thing that you
 items to buy a pet fish                                 had to give up is your
 with limited money.                                     opportunity cost.
•   Fishbowl Interactive
                                                       Complete the following activities
                                                         to learn more about
                                                         opportunity cost:
                                                           • Kids Econ Posters:
                                                             Opportunity Cost

                                                           • Crayola Production
         Image courtesy of Microsoft Office Clip Art




     These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.
1     2     3     4     5     6
6. Teacher Support Materials

•   Teacher Notes: This lesson will be             •   VSC Indicator and Objective:
    taught as part of the third grade                  Social Studies 3.4.A.1.b Explain that people
    economics unit, titled Econ and Me.                must make choices because resources are
•   Objective: We will make an economic                limited relative to unlimited wants for goods
    decision about the needs of a pet                  and services. Identify and apply the steps in
                                                       the decision-making process
    owner in order to solve a scarcity
    problem.                                       •   Common Core State Standards for
                                                       English Language Arts & Literacy in
•   Differentiation: I will provide a letter
                                                       History/Social Studies, Science, and
    frame with sentence starters to aid
                                                       Technical Subjects:
    struggling writers.
                                                       Reading Standards for Informational Text
•   Time Management Strategies: I would
                                                       Grade 3
    use this lesson with my class over a
    three day time period. I would                     10. By the end of the year, read and
                                                       comprehend informational texts, including
    introduce the question and allow them
                                                       history/social studies, science, and technical
    to read and take notes on the first day.           texts, at the high end of the grades 2–3 text
    On the second day, they could review               complexity band independently and
    what they read and begin their letter.             proficiently.
    On day three they could edit their
    letters and type a final copy.

      These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.

Econ Pet Activity

  • 1.
    1 2 3 4 5 6 Next 1. The Question Ms. Hegadorn got a new pet dog for her birthday. She is going to the store to buy some supplies for her dog but she only has enough money to buy three items. Which three items from the list below do you think she should buy? Why? • Dog food • Chew toy • Doghouse • Pet bed • Dog treats • Leash • Dog sweater Image courtesy of Microsoft Office Clip Art • Flea collar These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.
  • 2.
    1 2 3 4 5 6 Next 2. Information Sources You will visit three websites to learn about • economic needs vs. wants • making choices because of a scarcity of resources and • the economic wants of a pet owner. Read the information on the three websites. As you read, think about the things a dog owner might need and which items would be the most important for Ms. Hegadorn to buy. Image courtesy of Microsoft Office Clip Art These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.
  • 3.
    1 2 3 4 5 6 Next 3. The Student Activity Read the information on the websites below: Wants vs. Needs: Basic Economics Scarcity and Choices Things Economic Wants of Pet Owners: a dog Interactive needs As you read, use this graphic organizer to record things that a dog needs to live. This will help you determine which items are most important for Ms. Hegadorn to buy. Image courtesy of Microsoft Office Clip Art These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.
  • 4.
    1 2 3 4 5 6 Next 4. The Assessment Activity Ms. Hegadorn has a scarcity of money. She can only purchase three of the items below for her new pet dog. Write a letter to Ms. Hegadorn telling her which three items you think she should choose to buy. Be sure to tell her the reason why each would be needed by a dog owner. • Dog food • Chew toy • Doghouse • Pet bed • Dog treats • Leash • Dog sweater • Flea collar Images courtesy of Microsoft Office Clip Art Type your letter in a Microsoft Word document. Please print it when you are finished. Use friendly letter format when writing the letter. Check for proper capitalization, punctuation, spelling and usage. These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.
  • 5.
    1 2 3 4 5 6 Next 5. Enrichment Activities When you finish your You may also want to learn more letter, complete this about what happens after you make a scarcity choice. The activity to decide which most important thing that you items to buy a pet fish had to give up is your with limited money. opportunity cost. • Fishbowl Interactive Complete the following activities to learn more about opportunity cost: • Kids Econ Posters: Opportunity Cost • Crayola Production Image courtesy of Microsoft Office Clip Art These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.
  • 6.
    1 2 3 4 5 6 6. Teacher Support Materials • Teacher Notes: This lesson will be • VSC Indicator and Objective: taught as part of the third grade Social Studies 3.4.A.1.b Explain that people economics unit, titled Econ and Me. must make choices because resources are • Objective: We will make an economic limited relative to unlimited wants for goods decision about the needs of a pet and services. Identify and apply the steps in the decision-making process owner in order to solve a scarcity problem. • Common Core State Standards for English Language Arts & Literacy in • Differentiation: I will provide a letter History/Social Studies, Science, and frame with sentence starters to aid Technical Subjects: struggling writers. Reading Standards for Informational Text • Time Management Strategies: I would Grade 3 use this lesson with my class over a three day time period. I would 10. By the end of the year, read and comprehend informational texts, including introduce the question and allow them history/social studies, science, and technical to read and take notes on the first day. texts, at the high end of the grades 2–3 text On the second day, they could review complexity band independently and what they read and begin their letter. proficiently. On day three they could edit their letters and type a final copy. These materials are © 2011 L. Hegadorn, Timber Grove Elementary, all rights reserved.