Music Connection

Use this song to reinforce the concepts of Choice, Scarcity, Opportunity Cost and Trade. Remind students that choices have consequences.

 

Help Me Decide!
From Lesson 13 - Adventures in Economics
and U.S. History, Volume 1

(Tune: The Farmer in the Dell)

  1. I have to make a choice.
    I have to make a choice.
    I weigh my costs and benefits,
    And then I make a choice.

  2. Choices have a cost.
    Choices have a cost.
    With every choice I have to make,
    Something will be lost.

  3. Incentives guide my choice.
    Incentives guide my choice.
    They lead me to more benefits.
    Incentives guide my choice.

  4. Later I will see,
    Later I will see,
    The consequences of my choice.
    Later I will see,

  5. When two people trade
    Voluntarily,
    Both of them will benefit,
    When two people trade.

  6. A market economy,
    A market economy,
    Rewards me for efficiency
    A market economy.






For more economic education materials,
check out the Econ Fun web site.



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

 




 

Use the Herschel DVD to teach about Scarcity, Opportunity Cost, and Trade.