Literature Connection

LINKS


	Literature Connection

	Welcome to the Literature Connection page of KidsEcon Posters©. From this page you can access specific lessons based on popular children's books that will help you teach the poster concepts to your students. The heart of each lesson is a set of guided questions about economic concepts found in the book. As you will notice, some books can be used to teach several different concepts. We firmly believe that using children's literature to help you teach economics not only is good pedagogy, but also enables you to be efficient in using your scarce instructional time. Many of the lessons were created by teachers Betty Sue Johnson, Elizabeth Hinkebein, and Lynn Nix. Teachers Kathy Heyse and Lee Choo Lim and ICEE Executive Director, Harlan Day, were also significant contributors. Click on the concept below to access a list of children's books and lessons you can use with your class. Enjoy! Harlan Day Executive Director Indiana Council for Economic Education

POSTER SET 1: Title List		POSTER SET 2: Title List

	Goods and Services A GOOD is an object people want that they can touch or hold. A SERVICE is an action that a person does for someone else.		Specialization People SPECIALIZE when they produce only some of the goods and services they consume, then trade with others to get more of the things they want.
	Economic Wants ECONOMIC WANTS are desires that can be satisfied by consuming a good, service, or leisure activity.		Interdependence INTERDEPENDENCE occurs when people or countries depend on someone else to provide the goods and services they need.
	Producers PRODUCERS are people who make goods or provide services.		Trade-Offs TRADE-OFFS means getting a little less of one thing in order to get a little more of another.
	Consumers CONSUMERS are people who buy goods and services.		Productivity Labor PRODUCTIVITY measures how many goods or services are produced per worker. Greater productivity leads to higher standards of living
	Productive Resources PRODUCTIVE RESOURCES are the natural, human, and capital resources that are used to produce goods and services.		Market A MARKET exists whenever people buy and sell goods and services. Markets are where PRICES are determined.
	Natural Resources NATURAL RESOURCES are gifts of nature that are used in the production of goods and services.		Price The PRICE is what people pay when they purchase a good or service or what they receive when they sell a good or service.
	Human Resources HUMAN RESOURCES are the people who work to produce goods and services.		Supply and Demand Producers SUPPLY goods and services and consumers DEMAND them. Prices in the market are determined by the interaction of supply and demand.
	Capital Resources CAPITAL RESOURCES are goods produced and used to make other goods or services.		Entrepreneur An ENTREPRENEUR is somone who takes the risk to develop a new product or start a new business.
	Scarcity SCARCITY is the condition of not being able to have all of the goods and services that you want.		Profit PROFIT is the differnce between the money people make when they produce and sell a good or service and all their costs of production.
	Opportunity Cost When you make a decision, the most valuable alternative you give up is your OPPORTUNITY COST.		Saving SAVING is the part of a person’s income that is not spent for goods and services or used to pay taxes.
	Trade & Money People TRADE (exchange) with each other to get the goods and services they want. To make trade easier, people use MONEY.		Investing INVESTING occurs when people and businesses use money to purchase capital goods or increase the skills and abilities of workers.




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