|Lesson 3 - "Goods and
Objectives: Students will learn to distinguish between goods
and services, and identify that goods and services are used to satisfy
needs and wants.
Economic Concepts / Vocabulary:
Goods and Services
Books from your library that illustrate people making goods and providing
services. eg. Berenstein Bears on the Job, Richard Scarryís What
Do People Do All Day?
"Economic Words" chart from lessons 1 and 2
Chart paper and marker
Familysí goods and services survey (included at the end of this lesson)
1. Teacher divides and titles a "Goods" and "Services" chart.
2. Using illustrations in the selected books find and chart examples
of goods and services with student input.
3. Next, bring out another gift (a box containing catalogs)óequally
large and beautifully wrapped. Tell the children that this one is
full of things that they might want. (Review some of the things that
Sister and Brother Bear wanted in the story.) Have the children brainstorm
what the package might contain. Write down each different response.
Do not unwrap the gift yet.
4. Activity: Familiesí Goods and Services Survey
a. Assign the survey as homework. Explain the directions.
b. Teacher prepares the charts below.
c. Invite the students to share the data collected from home.
The students will determine if the family goods and services meet their
needs or satisfy their wants. The teacher will record the goods or services
and check it as a need or a want on the chart.
5. Closure: Using the charts, help students make the connection
that goods and services help meet their familyís needs and satisfy their
Goods and Services My Family Use
List five goods that your family uses. (Things we buy like books, cars,
socks, soda, T.V., video games, etc.)
List five occupations that provide a service that your family uses.
(Providers who do things for which we pay like doctors, beauticians, chefs,
Supporting online materials: Economic