LESSON: THE AWFUL AARDVARKS SHOP FOR SCHOOL

Lesson Summary

The aardvarks make a list of things they need for "Back to School." They go to the Shop-All-Day Mall to satisfy their economic wants.

Concept: Economic Wants

Definition: Economic wants are desires that can be satisfied by consuming a good, service, or leisure activity.

Comprehension Questions

The aardvarks made a shopping list for "Back to School." Identify each economic want as a good or a service.
Goods - sneakers, new jackets, notebooks, pencils, crayons, glue, markers, lunchbox, backpacks.
Service - haircuts

Where did they go to shop for their wants? List all the different stores they visited.
Stores in the Shop-All-Day-Mall: clothing and shoe store, toy store, candy shop, bookstore, food court, beauty shop.

Describe how their list of wants changed after they began shopping in each store.
They saw things they wanted that were not on their list.

Explain how they satisfied their economic wants.
By going to the different stores and taking what was on the shopping list and more.

Identify one scarcity problem in the story.
There was no lunch box.

Other Concepts:  Goods and Services, Money, Scarcity

  Economic Wants    

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