Yum-onomics: The Economics of Yummy Childrens Literature
Presented by: Deborah Kozdras [email protected]@usf.edu
Website: http://yumonomics.comhttp://yumonomics.com
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Why Economics? http://vimeo.com/6268631?ab Three Little Pigs
book Free at project Gutenberg
http://www.gutenberg.org/files/18155/18155-h/18155-h.htm
http://www.gutenberg.org/files/18155/18155-h/18155-h.htm
http://vimeo.com/6268631?ab
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3 Little Pigs + 6 Big Principles = Economic Thinking
http://www.kidseconposters.com/i mages/6core.swf
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Thinking Like an Economist
http://www.econedlink.org/interactives/index.php?iid=13
7&type=educator
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1: People Choose We always want more than we can get and
productive resources (human, natural, capital) are always limited.
Therefore, because of this major economic problem of scarcity, we
usually choose the alternative that provides the most benefits with
the least cost. The little pigs wanted productive resources. They
chose different natural resources. Human resources were scarce. Two
pigs chose the alternative that provided benefits with the least
cost to their free time. What were the benefits of spending more
time and effort? What were the costs of spending less?
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2: All Choices Involve Costs The opportunity cost is the next
best alternative you give up when you make a choice. When we choose
one thing, we refuse something else at the same time. The
opportunity cost was the next best alternative the pigs gave up
when they made their choices. What alternatives did they choose?
What was the opportunity cost for the straw and stick pigs?
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3: People Respond to Incentives The brick pigs incentive was
that he wanted to use the best resources and spend time to make the
strongest house. What were the other alternatives he could have
chosen? Think about the social, moral, or economic incentives the
pigs had. Incentives are actions, awards, or rewards that determine
the choices people make. Incentives can be positive or negative.
When incentives change, people change their behaviors. Incentives
can be economic, social, or moral.
http://www.econedlink.org/interactives/inde
x.php?iid=119&type=educator
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4: Economic Systems Influence Individual Choices and
Incentives. People cooperate and govern their actions through both
written and unwritten rules that determine methods of allocating
scarce resources. These rules determine what is produced, how it is
produced, and for whom it is produced. As the rules change, so do
individual choices, incentives, and behavior. What were the
unwritten rules of allocating scarce resources in the story? What
economic system do we generally use in the United States when we
trade with other countries? Go to page 3. When the bank rules
change, how might the choices, incentives, and behavior change for
pigs?
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5: Voluntary Trade Creates Wealth People specialize in the
production of certain goods and services because they expect to
gain from it. People trade what they produce with other people when
they think they can gain something from the exchange. This is self
interest. Some benefits of voluntary trade include higher standards
of living and broader choices of goods and services. List the
different specializations of production of goods and services. How
could the other two pigs benefit from voluntary trade? If the
little pig decided to specialize in building brick houses, how
could he gain?
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6: The Consequences of Choices Lie in the Future. Economists
believe that the cost and benefits of decision making appear in the
future, since it is only the future that we can influence.
Sometimes our choices can lead to unintended consequences. What are
the costs and benefits of the pigs decisions? What were the
unintended consequences for the pigs? What are some possible
consequences?
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Three Little Pigs Econ-cepts: Pg 92. Natural resources, human
resources, capital resources, scarcity, trade-offs Brick, Wood, or
Siding activity (p. 94) Three Little Pigs book Free at project
Gutenberg http://www.gutenberg.org/files/ 18155/18155-h/18155-h.htm
http://www.gutenberg.org/files/ 18155/18155-h/18155-h.htm Write
letter to pigs/BBW (p. 95) Use ReadWriteThink letter generator
http://www.readwritethink.org/classro om-resources/student-
interactives/letter-generator- 30005.html
http://www.readwritethink.org/classro om-resources/student-
interactives/letter-generator- 30005.html
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Lemonade War Econ-cepts: beginning of every chapter
http://www.lemonadewar.com/ Lesson: Kids Econ Posters
http://www.kidseconposters.com/keb/Title%20List%
20Poster%20Set%20B/Supply%20and%20Deman d/Lemonade%20for%20Sale.htm
http://www.kidseconposters.com/keb/Title%20List%
20Poster%20Set%20B/Supply%20and%20Deman d/Lemonade%20for%20Sale.htm
Play the lemonade stand game http://www.lemonadestandgame.c om/
http://www.lemonadestandgame.c om/ Watch
http://www.youtube.com/watch?v= MUcpCB7Wls8
http://www.youtube.com/watch?v= MUcpCB7Wls8
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Hare & Tortoise
http://etc.usf.edu/lit2go/contents/100/0143/0143.html
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Money, currency, trade
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I, Pencil & Productive Resources "I, Pencil: My Family Tree
as told to Leonard E. Read" I am a lead pencilthe ordinary wooden
pencil familiar to all boys and girls and adults who can read and
write Simple? Yet, not a single person on the face of this earth
knows how to make me. This sounds fantastic, doesn't it? Especially
when it is realized that there are about one and one-half billion
of my kind produced in the U.S.A. each year. Pick me up and look me
over. What do you see? Not much meets the eyethere's some wood,
lacquer, the printed labeling, graphite lead, a bit of metal, and
an eraser. My family tree begins with what in fact is a tree, a
cedar of straight grain that grows in Northern California and
Oregon The logs are shipped to a mill in San Leandro, California
http://www.commonsenseeconomics.com/http://www.commonsenseeconomics.com/
under Really Cool Stuff, click Fun Readings to find.pdf and audio
of I, Pencil
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Merchant of Venice Merchant of Venice William Shakespeare
Entrepreneurship and Profits The Renaissance was a time of economic
development. Fortunes could be made or lost through shipments from
distant ports http://etc.usf.edu/lit2go/titl
e/m/merchant.htmlhttp://etc.usf.edu/lit2go/titl e/m/merchant.html
Antonio was a merchant and ship owner who tried to diversify his
risks. He knew that he regularly risked losing everything he owned
through the loss of a large shipment. However he also finds out
that love and friendship carry risks and rewards; these could be
harder to bear than loss of income (A quay in Venice, Antonio,
Salerio, and Solanio approach, talking together)
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Wuthering Heights Wuthering Heights Emily Bront Self Interest
and Economic Systems We must be for ourselves in the long run. Love
ends when circumstances cause each one to feel that ones interest
is not the chief consideration in the others thoughts.
http://etc.usf.edu/lit2go/titl
e/w/wh.htmlhttp://etc.usf.edu/lit2go/titl e/w/wh.html Catherine had
seasons of gloom and silence, now and then; they were respected
with sympathizing silence by her husband, who ascribed them to an
alteration in her constitution, produced by her perilous illness,
as she was never subject to depression of spirits before. The
return of sunshine was welcomed by answering sunshine from him. I
believe I may assert that they were really in possession of deep
and growing happiness.
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Text Consumer to Text Producer
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Little Red Hen Econ-cepts: Capital Resources, Human Resources,
Natural Resources, Entrepreneurship Have you ever worked hard on a
project and no one would help? You have something in common with
LRH! Econedlink lesson http://www.econedlink.org/lessons
/index.php?lid=389&type=educato r
http://www.econedlink.org/lessons
/index.php?lid=389&type=educato r Econedlink flash story
http://www.econedlink.org/interacti
ves/EconEdLink-interactive-tool- player.php?filename=Little_Red_H
en.swf&lid=389 http://www.econedlink.org/interacti
ves/EconEdLink-interactive-tool- player.php?filename=Little_Red_H
en.swf&lid=389 Compare and contrast Little Red Hen (Makes a
Pizza) with the original from Project Gutenberg
http://www.gutenberg.org/ebook s/18735
http://www.gutenberg.org/ebook s/18735 Rebus story of Little Red
Hen http://www.enchantedlearning.c
om/stories/fairytale/littleredhen/s tory/
http://www.enchantedlearning.c om/stories/fairytale/littleredhen/s
tory/ Florida DOE lesson plan- includes stick puppets.
www.fldoe.org/earlylearning/pdf/ TheLittleRedHenLessonPlan.p df
www.fldoe.org/earlylearning/pdf/ TheLittleRedHenLessonPlan.p
df
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Digital Responses Using the concepts, students can create their
own digital story with images and text
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Little Red Hen Use ReadWriteThink Printing Press to create
advertisements for bread or workers Use the ReadWriteThink circle
plot diagram to trace the circular flow of resources
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Little Red Hen Use ReadWriteThink Book Cover Creator to create
book covers that elaborate on the economics concepts in book. Use
ReadWriteThink comic creator to talk about econ-cepts
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Click Clack Moo: Cows That Type People make choices because of
scarce resources: What was scarce? What choices did the cows make?
The famer? What were the consequences of the farmers decision? How
did the cows respond to the incentive of blankets? The literacy
rate in Farmer Brown's barn goes up considerably once his cows find
an old typewriter and begin typing. To the harassed farmer's
dismay, his communicative cows quickly become contentious: Dear
Farmer Brown, The barn is very cold at night. We'd like some
electric blankets. Sincerely, The Cows When he refuses to comply
with their demands, the cows take action. Farmer Brown finds
another note on the barn door: "Sorry. We're closed. No milk
today." Soon the striking cows and Farmer Brown are forced to reach
a compromise, with the help of an impartial party--the duck. But
this poor, beleaguered farmer's "atypical" troubles are not over
yet! http://www.kidseconposters.com/keb/Title%20List%2
0Poster%20Set%20A/Economic%20Wants/Click%20
Clack%20Moo%20Cows.htmhttp://www.kidseconposters.com/keb/Title%20List%2
0Poster%20Set%20A/Economic%20Wants/Click%20 Clack%20Moo%20Cows.htm
http://pbskids.org/lions/cornerstones/click/story/hyper
text/http://pbskids.org/lions/cornerstones/click/story/hyper
text/