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The Perfect Pet
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool

The Perfect Pet teaches students how to deal with scarcity by having them choose what to buy for their new pet fish. There are some things they want and others that they need, but they can only spend $5.00.

Grades:

• K-2
• 3-5

Concepts:

• Choice
• Cost/Benefit Analysis
• Decision Making
• Opportunity Cost
• Scarcity
• Wants

Standards:

• Economics 1: Scarcity
• Economics 2: Marginal Cost/Benefit

Related Resources:

• No Extra Room on the Mayflower
• Never Too Young: Personal Finance for Young Learners
• Toys for Me: A Lesson on Choice

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