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PART 1: |
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Molly and her friends made costumes out of common things such as newspaper and crepe paper. They did this because factories were busy making fabric to produce military uniforms. Cloth to use for costumes was in short supply during wartime.
Even though it is not 1944, there are still reasons families may not want to spend $20 or more on costumes. This is money that they may use to spend on other things - food, school supplies, gasoline, or winter coats. Suppose that you wanted a Goosebumps™ or a Dracula costume from the mall, and your mom says "No way!"
What costume do you think you could come up with using just the items you know you can find somewhere in your home? Describe your costume and how you will make it.
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PART 2: |
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After you have finished making your costume, your Aunt Grace shows up with $30 that she was planning to give you for your birthday next week. She offers to take you to the mall to pick out any costume you want, but you have a problem. You were planning to save any birthday money to put toward a new video game. What should you do? Use the lines below to help you sort out your REASONS TO SPEND (on a costume):
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REASONS TO SAVE (for a video game): |
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I will use the $30 to: |
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Remember, if you spend the $30, you will give up the opportunity to save the $30. And, if you save the $30, you will give up the opportunity to spend the $30. For this reason, the one thing that you give up when you make a choice is called your opportunity cost.
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Activities: |
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| Lesson Plan
| Activity 1
| Activity 3
| Activity 4
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