4
Theme 2 Lesson 4:
The Grasshopper and the Ant
In reading and discussing an adaptation of Aesop's fable 'The Grasshopper and the Ant,' the students learn about the trade-off between satisfying wants today and planning for the future. They use the fable to examine their own behavior and decisions about saving. They learn that interest payments provide an incentive to save. They compose fables of their own, expressing their ideas about the importance of decisions about consuming and saving.
Concepts
- Cost
- Interest
- Opportunity Cost
- Saving
- Savings
- Spend
- Spending
- Trade
- Trade-off
Standards in Economics and Personal Finance
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