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History, Civics & Social Studies · Grade 2

Resources and Choices

Second graders classify the three kinds of resources (natural, human and capital), learn that scarcity forces every person and community to choose, name the opportunity cost of a choice (the next-best thing given up), and plan a simple budget for spending and saving.

  • 3 lessons
  • About 60 minutes
  • Resources and choices check: 8 questions
  • Ways to answer: fill in the blanks, choose an answer, match pairs, type a number, sort into groups and true or false
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What learners will discover

  • Classify resources as natural resources, human resources (workers and their skills) or capital resources (tools, machines and buildings).
  • Explain scarcity and identify the opportunity cost of a choice made by a person or a community.
  • Plan a simple budget that shows money earned, spent and saved.

Lessons

  1. Three kinds of resources 3 steps2 practiceabout 20 min
  2. Scarcity and opportunity cost 5 steps3 practiceabout 20 min
  3. Making a budget 4 steps2 practiceabout 20 min
  4. Resources and choices check 8 questions at the end

Keep exploring

More 2nd grade social studies

Guide for grown-ups