Objective: The students will be able to understand the concept of buying and selling products based on their needs.

Subject Matter: Economics - Buying and Selling Products

Materials: - Whiteboard or blackboard - Markers or chalk - Worksheets (link provided below) - Video resources (links provided below)

Value Focus: Responsibility and Decision Making

Integration from Other Subjects: Math (calculating prices, budgeting)

Drill: - Begin the lesson by asking the students to name different products they have bought or sold recently. - Write their responses on the board.

Review using Questions: 1. What is the difference between buying and selling? 2. Why is it important to consider our needs before buying a product? 3. Can you give an example of a product that you bought based on your needs?

Motivation: Show a short video clip related to buying and selling products, such as: - “How to Buy Things” by Kids Learning Tube (https://www.youtube.com/watch?v=3X0p9zX9W9A) - “Buying and Selling” by BrainPOP (https://www.brainpop.com/socialstudies/economics/buyingandselling/)

Presentation: - Discuss the meanings of buying and selling, emphasizing the importance of considering one’s needs before making a purchase. - Explain that needs are things we require for survival, while wants are things we desire but can live without. - Give examples of needs (food, clothing, shelter) and wants (toys, gadgets, video games). - Discuss the concept of budgeting and making wise decisions when buying products.

Discussion: - Engage the students in a discussion about the meanings of the topic or lesson. - Ask questions such as: - Why is it important to differentiate between needs and wants when buying products? - How can we make responsible decisions when buying products? - What are some factors to consider before making a purchase?

Exercises Activity: - Distribute worksheets to the students (link provided below). - Instruct them to read the scenarios and decide whether the person in each scenario is buying based on needs or wants. - Review the answers as a class.

Generalization: - Ask the students a question related to the topic, such as: - Why is it important to prioritize our needs over our wants when buying products?

Application of 5-Item Easy Test: - Provide each student with a list of five different products. - Instruct them to categorize each product as a need or a want. - Review their answers as a class.

Evaluation using 10-Item Easy Test: - Provide each student with a test consisting of ten different products. - Instruct them to categorize each product as a need or a want. - Collect and evaluate their tests based on the accuracy of their categorizations.

Assignment: - Ask the students to create a poster or a short video explaining the importance of buying products based on needs. - Provide them with the necessary guidelines and due date.

Worksheet Resource: - Needs vs. Wants Worksheet (https://www.teachervision.com/needs-wants-worksheet)

Video Resources: - “How to Buy Things” by Kids Learning Tube (https://www.youtube.com/watch?v=3X0p9zX9W9A) - “Buying and Selling” by BrainPOP (https://www.brainpop.com/socialstudies/economics/buyingandselling/)