Wisconsin Economic Standard
Role of Government
Distinguish between private goods and services (for example, the family car or a local
restaurant) and public goods and services (for example, the interstate highway system or
the United States Postal Service)
Goods || Services
|| Public goods
Links to Content Information
Links to Lesson Plans and other Suggested Teaching Strategies
- Teaches the following economics topics: History of Money and Trade,
Free Enterprise, Goods and Services, Producer vs. Consumer,
Opportunity Cost, Supply and Demand, and Problems in Econopolis.
Mom! What's For Breakfast? - Grades 3-5. Students will distinguish
between goods and services, identify economic wants, and distinguish
between producers and consumers.
||If you Give a Mouse a Cookie
- Grades 1-3. A little mouse shows up at a young man's house. The young man
gives the mouse a cookie and starts a chain of events. Learn about unlimited wants,
and goods and services.
to Buy - Grades 3-5. Goods in the Soviet Union were available
as public goods. Now they are private goods. Students see the effects
this change has had on the economy.
List of Curricular Materials and Learning Activities
||Master Curriculum Guide in Economics: Teaching Strategies K-2,
from Economics America
available from Economics Wisconsin. Part
1, Lessons 2-5: Economic Wants and Consumers - Students learn the economic concepts:
wants, goods, services, and consumer.
||Master Curriculum Guide in Economics: Teaching Strategies 3-4, from
(search catalogue), available
from Economics Wisconsin. Relevant
- Lesson 1: Everybody Wants Everything - Grades 3-4. By examining their
wants, students identify goods and services that can satisfy their wants.
- Lesson 10: A Taxing Situation - By participating in a role playing activity,
students learn which goods and services are provided by different levels of government,
and which taxes are collected.
||Work, Human Resources, and Choices - Primary level students discover
what being a worker means by interviewing workers from the community. They learn about
goods and services and the skills, knowledge, and capital resources workers need to do
their work. Students begin to understand how to set a goal, make a plan to reach it, and
follow through on the plan. From Economics
||Eco-Sense: It's Elementary from Business Economic Education Foundation,
123 North Third Street, Suite 504, Minneapolis, MN 55401; (612) 337-5252. Grades
2-6. Relevant lessons:
- Unit 1, Section B: Productive Resources, Lessons 1-5. Economic Concepts:
Resources, goods, services, needs, wants.
- Unit 1, Section A: What am I? A Consumer or a Producer? Lessons
3-5. Economic Concepts: Consumer, producer, labor.
||Virtual Economics: An Interactive Center for Economic Education, Version 2
- Each exhibit includes teaching tips, background information, a list of lessons, and
video and audio clips that give additional information about the topic. Available
from Economics America
- In section MicroEconomics, see exhibit: Roles of Government
National Content Standards 16 and 17 and their benchmarks.
Email an expert
Professor Marck Schug, University of