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Innovative Projects

Teaching About Goods and Services Using Benny’s Pennies by Judy Chris McGrew

Social Studies and the Young Learner, v11 n2 pps1-2 Nov-Dec 1998

Keywords: elementary education, social studies, vocabulary

ABSTRACT

Asserts that elementary students should know the basic vocabulary of economics, in particular, the "Significant Six": (1) goods and services; (2) productive resources; (3) scarcity; (4) opportunity cost; (5) specialization; and (6) exchange. Provides a lesson called "Benny's Pennies," which is a story that focuses on goods and services, and prepares students to learn other economic concepts.

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