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LESSON: IF YOU GIVE A
PIG A PANCAKE
Lesson Summary
Chaos is
the order of the day when an accommodating little girl tries to keep up
with the whims of a busy little pig.
Concept: Economic Wants
Definition: Economic wants are desires that
can be satisfied by consuming a good, service, or leisure
activity.
Comprehension Questions:
What
are economic wants?
Goods, services, or leisure activities
that people desire.
What
were some of the economic wants of the little pig? (She wanted a
pancake, maple syrup, bubble bath, rubber duck, a family visit,
suitcase, old tap shoes, clothes, music, pictures to be taken,
envelopes and stamps, tree house, wallpaper and glue, etc. Her wants
were virtually unlimited!)
Could
the little girl satisfy all of the pig's economic wants?
No,
the little pig had virtually unlimited wants!
In the
real world how do people get the goods and services they want?
They buy them, usually with money.
How do
people get the money they spend?
Most people get the money
-income- they spend by working at jobs.
How
could the little girl get out of the chaotic
situation?
Answers will vary. She could make the little pig
make her most important wants. The little pig had to learn that she
could not continue to have everything she wanted.
Other
Concepts: Goods and Services ,
Opportunity
Cost, Scarcity.
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