This lesson requires two class periods. In the first class period, students are asked to think of a way to decide who gets 100 pennies and how many each person gets. They learn about the concept of allocation and about different resource allocation methods. They evaluate the different methods using a graphic organizer. Next they listen to different scenarios and try to determine which allocation method was used. Then, after listening to the story Four Feet, Two Sandals about two girls who face some resource allocation issues, they identify the methods used in the story. In the second class period, the students are placed into groups to act out skits illustrating a resource allocation method that their classmates then try to guess. Finally, they read a news article about a resource and write letters to a city council outlining the ways the city could allocate the resource.
Students should have basic knowledge of the following economic concepts prior to this lesson: scarcity, choices, opportunity cost, resources, goods, and services.
This lesson plan is designed for teaching grades 3, 4, and 5.
Book written by Karen Lynn Williams and Khadra Mohammed / ISBN: 978-0-8028-5296-0