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Goods & Services Lesson Plan

Instructor: Sharon Linde

Sharon has a Masters of Science in Mathematics

Teach your students what goods and services are as well as how to tell the difference between them with this lesson plan. With it, students will read an informational text passage, discuss key concepts, then apply learning with a fun game.

Learning Objectives

After this lesson, students will be able to:

  • define 'goods' and 'services'
  • determine the difference between goods and services
  • explain ways to determine the difference between goods and services

Length:

1 hour

Materials

  • Varying types of advertisements from differing sources, such as phone books, circulars, online pages, etc.
  • Copies of the lesson Goods & Services: Definition & Examples, one for each student
  • Chart paper and markers
  • Index cards
  • Copies of the lesson quiz, one for each student

Key Vocabulary

  • Good
  • Service
  • Tangible
  • Intangible

Curriculum Standards

  • CCSS.ELA-Literacy.RST.6-8.1

Cite specific textual evidence to support analysis of science and technical texts.

  • CCSS.ELA-Literacy.RST.6-8.2

Determine the central ideas or conclusions of a text; provide an accurate summary of the text distinct from prior knowledge or opinions.

  • CCSS.ELA-Literacy.RST.6-8.4

Determine the meaning of symbols, key terms, and other domain-specific words and phrases as they are used in a specific scientific or technical context relevant to grades 6-8 texts and topics.

Instructions

  • Divide students into small groups and give each a set of advertisements. Ask groups to look at the pages and discuss what they notice.
  • After groups have had a chance to talk, discuss as a whole group. Guide students to notice the broad range of goods and services represented.
  • Now distribute copies of the lesson Goods & Services: Definition & Examples and ask students to read the first section 'Goods vs. Services.' Define key terms, then discuss:
    • What is the difference between a good and a service?
    • How are goods and services similar? How are they different?
  • Read the section 'Knowing a Good from a Service' together as a group, then divide students into small groups of four students each and assign the following topics:
  1. Tangibility
  2. Ownership
  3. Ability to Return
  4. Measurement of Quality
  • Have each group read the correlating section and discuss content in order to become subject-matter experts. Instruct students to create a poster using chart paper to describe their 'step' in the process of determining a good from a service. As part of the criteria, students should create examples as well as questions to ask.
  • As groups work, walk around to offer suggestions and keep students on task.
  • When groups are finished, allow them to present their information and ask questions, leading a discussion about their step.
  • When all groups have presented, have students read the 'Lesson Summary,' then take the lesson quiz to check their understanding.

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