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Monster Musical Chairs
Source: Federal Reserve Bank of St Louis | Type: lesson

Students listen to the book Monster Musical Chairs and identify the scarcity problem the monsters had— not enough chairs for every monster to have one. Students wear a picture of a want they have drawn and play a version of musical chairs in which the chairs are labeled goods. Students learn that a good can satisfy a want. They also learn that due to scarcity not everyone’s wants are satisfied.




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Great!    September 21, 2011
By: Baskin, H
I love the use of a fun game to learn economics.

Great Lesson    September 22, 2011
By: Martin, W
Great lesson with a fun activity!

Fun Hands-on lesson    September 17, 2012
By: McGraw, S
By the looks of this lesson, it seems very fun and entertaining for the children. It is a great way to get them to learn and understand the meaning of scarcity in economics.