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How Much is that Doggy?
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Students will investigate the concept of total cost of ownership. They will brainstorm the costs of owning a dog or a cat. Students will calculate the total cost of ownership to help determine which might be the best pet for them.
Grades:
Concepts:
- Choice
- Cost/Benefit Analysis
- Decision Making
Standards:
- Economics 2: Marginal Cost/Benefit
Related Resources:
Reviews
This lesson has a very nice worksheet for encouraging students to consider all the costs of owning a pet, both one-time and ongoing costs. I also like the fact that the students must use their math skills in answering the questions. This lesson would be good for partners or small group activities too.
This lesson requires students to consider not only the benefits of owning a dog but also the financial and times costs. A great introductory book is How Much is that Doggie in the Window book retold by Iza Trapani. It has a great story and awesome illustrations. After reading the book the lesson would be a great follow up!
Dr. Rita
This activity is very creative and can truly help students understand that when you purchase a dog, there are several more costs than just buying the dog. This is a relatable topic to students and they can truly understand what it means to buy a dog.
Nice Worksheet July 17, 2008