Music Connection:
Use this song to reinforce the concepts of opportunity cost and economic wants.
Remind students that choices have consequences.

 

Be Careful
(Tune: If You're Happy and You Know It Clap Your Hands)

Be careful little eyes what you want. (clap, clap)
Be careful little eyes what you want. (clap, clap)
Wanting goods and services,
Can put you in a fizz,
Be careful little eyes what you want. (clap, clap)

Be careful little mind when you decide. (clap, clap)
Be careful little mind when you decide. (clap, clap)
Weigh the costs and benefits,
They will help you quite a bit.
Be careful little mind when you decide. (clap, clap)

Be careful little hands when you choose. (clap, clap)
Be careful little hands when you choose. (clap, clap)
Opportunity cost
Is the choice that is lost.
Be careful little hands when you choose. (clap, clap)

(By Martha Hopkins & Donna Wright) Used with permission. From Financial Fitness for Life: Pocket Power, K-2
Copyright © 2001, National Council on Economic Education, New York, NY. All rights reserved.

 

(From KidsEcon Posters©: www.kidseconposters.com)