Wednesday, September 15, 2010

Psychology of economics

The boys were helping me prep for the kids' econ class I teach on Friday.  We were collecting examples of "want" and "need" from around the house. 

Needs:  can of black beans, shoe, shirt, bottle of water. 

Wants:  small teddy bear, walkie-talkie, toy car, fancy dress. 

Jack brought over a toy light saber.  "Here's another 'want'."

Andrew, alarmed: "What?  No!  That's a NEED."

Note to self:  Put in footnote on lesson plan that wants and needs are sometimes relative. =)

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