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Students learn basic economics with a classroom economy.

 

 

MONEYINSTRUCTOR-NOMICS
CLASSROOM ECONOMY:

Goods and Services

 

This lesson will help students distinguish between goods and services.  It will also give students an idea of the broad range of goods and services offered to consumers and get them started thinking of a product or service they can produce.

Teaching Objectives:

  • The students will distinguish between goods and services.
  • The students will give examples of goods.
  • The students will give examples of services.
  • The students will brainstorm ideas of goods and/or services they may want to produce during MoneyInstructor-nomics.

Suggested Grades:

Second Grade - Third Grade - Fourth Grade - Fifth Grade

 
 

 

GOODS AND SERVICES LESSON PLAN

 


Teaching Materials

  • Lesson - Goods and Services (see below for printable lesson)

 



Lesson Excerpt:

Activity:

1.  Tell students that everything that we purchase is either a good or a serviceGoods are things that we want or need.  They can be either used or consumed, and can be touched or held.  Examples of goods are books, clothing, and food. 

2.  Define services as work done for others to provide something needed or wanted. Examples of people who provide a service are teachers, doctors, and mechanics.  Some people provide a service in which they create goods.  For example, a baker provides the service of baking breads and cakes that people purchase and eat. 

3.  Brainstorm examples of goods and services that are offered within:
            a.  the classroom
            b.  the school
            c.  the community

 

Continued...

 

 

 


 


Lesson Printable Materials - Worksheets

Print out the teaching lesson pages and exercise worksheets for use with this lesson:
  

GOODS AND SERVICES

Goods and Services Lesson *

Printable lesson worksheet and activity.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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