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Grade K-2, 3-5
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Lesson

Scarcity – Playful Economics | Lesson and Demo

Updated: September 1 2023,
Author: Council for Economic Education
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Standards

National Standards in Economics

State Standards

Concepts

Scarcity

Shanan Riegle, an award-winning teacher from Yorktown Elementary School in Indiana, demonstrates how to use play dough to teach the concept of scarcity to her 5th grade students using a lesson from Playful Economics by Dr. Harlan Day. Playful Economics is a collection of 15 hands-on lessons for K-5 students that use modeling clay to teach economic concepts from goods and services to GDP and inflation. For more information or to purchase this publication, please visit CEE’s https://store.councilforeconed.org/.

Playful Economics – Scarcity Lesson 3 PDF

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