Economics for Kids - Scarcity, Choice, Opportunity - Interactive Online Games and Activities for Kids, Free Use K-12 Lesson Plans for Teachers Illustration

Economics for Kids
Scarcity and Opportunity

For Kids

What is scarcity? Scarcity describes a situation in which the demands of people outweigh the resources on hand. Scarcity forces people to make choices.

  • A want: You might want something but not be able to afford it. That would be an example of scarcity of personal funds.

  • A need: Some people in the world are suffering because they need safe water to drink, but there is a scarcity of safe drinking water.

Scarcity simply means there is not enough go around. Scarcity can create an opportunity for invention, new sales, substitutions, sharing, or a chance to solve a problem of need.

For Kids - Free Online Interactive Games

What is scarcity? (cartoon video for kids from the St Louis Fed)

Scarcity game (banboozle)

Scarcity and Opportunity YouTube cartoon

Scarcity and Opportunity Cost Flash Card game

Scarcity and Opportunity - Drag and Drop

Find the Match, Gameshow, Quiz games

Scarcity for Kids (cartoon video)

Scarcity and Opportunity Cost for Kids (cartoon video)

Scarcity and Choice for Kids (cartoon video)

For Teachers - Free Use Lesson Plans, Classroom Activities

Monster Musical Chairs (Grades K-1)

So Few of Me (Grades 1-3)

Mousetropolis (Grades 1-3)

Betty Bunny Wants Everything!

Something from Nothing (Grades 3-5)

Scarcity and Choice (grade 2, lesson plan and classroom activities, can be adjusted for other grades)

Toys for Me - A lesson on choice

Scarcity Classroom Activities for Kids

Scarcity and Choice (cartoon video)

What is scarcity (download, free worksheet)

Shortage, Surplus, and Prices (download, free worksheet)

HS (9th - 12th) - What is Economics? A lesson on choice and scarcity with Role Play directions

See Also: Economics Lesson Plans

Free to Use Original Clipart for Economics for Kids and Teachers