Activity Introduction

bbrw-coins-photoframe-newQuick summary: Students investigate their needs and wants. They begin by conducting a ’5 whys’ investigation into one personal need and want, and then participate in a class activity to classify various items, activities and services as either needs or wants. Finally students are asked to pick their top five needs and wants and rank them according to importance.

BB logo coolest partnerBendigo Bank is passionate about connecting with and enriching communities across Australia. Cool Australia and Bendigo Bank share the common goal of bringing communities together through educational programs that help to build sustainable communities for the future. This lesson supports students to inquire into the big idea of ‘real wealth’. Students develop an understanding of shared values, and build their sustainable and ethical financial knowledge, equipping them with the skills to make sound financial decisions based on social, environmental and economical merit.

Learning goals:

  • Students understand the difference between needs and wants.
  • Students understand that different people have different needs and wants.
  • Students understand that they have to make choices about their needs and wants.

General capabilities: Critical and Creative Thinking, Personal and Social Capability, Ethical Understanding.

Cross-curriculum priority: Sustainability OI.8.

Australian Curriculum content description:

Year 5 Humanities and Social Sciences

  • The difference between needs and wants and why choices need to be made about how limited resources are used (ACHASSK119)

Year 5 English

  • Use comprehension strategies to analyse information, integrating and linking ideas from a variety of print and digital sources (ACELY1703)

Year 6 Humanities and Social Sciences

  • How the concept of opportunity cost involves choices about the alternative use of resources and the need to consider trade-offs (ACHASSK149)

Year 6 English

  • Use comprehension strategies to interpret and analyse information and ideas, comparing content from a variety of textual sources including media and digital texts (ACELY1713)

Syllabus OutcomesEN3-1A

Topic: Consumption

Unit of lessons: Bendigo Bank Real Wealth

Time required: 60 mins.

Level of teacher scaffolding: High – oversee activity and lead students in class activity and discussion.

Resources required: Two different coloured sticky notes, Student Worksheet – one copy per student OR computers/tablets to access the online worksheet. Real Wealth Cheat Sheet, Glossary – Years 5 & 6.

Digital technology opportunities: Digital sharing capabilities.

Homework and extension opportunities: Includes opportunities for homework or extension.

Keywords: needs, wants, choice, Bendigo Bank.

Cool Australia’s curriculum team continually reviews and refines our resources to be in line with changes to the Australian Curriculum.

Worksheets

Teacher Worksheet

bbrw-hand-photoframe-newTeacher preparation

Overarching learning goal: By participating in this lesson students understand the difference between needs and wants, and understand that different people have different needs and wants. Students will also understand that they have to make choices about their needs and wants.

Teacher content information: We all want different things. But what about the things we need? Are these the same for everybody? From a biological perspective all living things (including us) need food, water, fresh air and shelter for survival. Wants on the other hand are things not essential for survival, such as goods, services, and other stuff we would like to have but do not need. When we buy lots of stuff it creates a strain on the Earth's resources and with a growing population of over 7 billion people this is unsustainable. It is important to explore why we think we want the things we want. Is it because they will make us better people or happier? Or are their other reasons involved?

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Student Worksheet

Thought starter: Can your needs and wants be the same thing?

'5 whys' investigation: answer the following questions.

One thing I NEED:

Why?

Why?

Why?

Why?

Why?

 

One thing I WANT:

Why?

Why?

Why?

Why?

Why?

 

Rank your needs and wants

NEEDS ranking ladder: list your top five needs and rank them from most important at the top to least important at the bottom. Explain why you have chosen each of these needs.

1.
2.
3.
4.
5.

WANTS ranking ladder: list your top five wants and rank them from most important at the top to least important at the bottom. Explain why you have chosen each of these wants.

1.
2.
3.
4.
5.

Resources

Real Wealth Cheat Sheet

Glossary - Years 5 & 6

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