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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)
- I have to make a choice.
I have to make a choice.
I weigh my costs and benefits,
And then I make a choice.
- Choices have a cost.
Choices have a cost.
With every choice I have to make,
Something will be lost.
- Incentives guide my choice.
Incentives guide my choice.
They lead me to more benefits.
Incentives guide my choice.
- Later I will see,
Later I will see,
The consequences of my choice.
Later I will see,
- When two people trade
Voluntarily,
Both of them will benefit,
When two people trade.
- 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)
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