Adventures Of King Midas, The
King Midas wanted more and more gold. When his wish was granted, he discovered that other things became scarce and soon became more valuable to him than gold. He finds the he must deal with a magician, a witch, and a dragon as he tries to undo the magical spell and satisfy his real economic wants.
Economic Concepts
- Scarcity
- Goods
- Services
- Resoursces
Grade Levels
- Primary (K-3)
- Intermediate (4-6)
Description of Lesson 8, The Adventures of King Midas,
from Economics and Children’s Literature:
Students answer questions about wants and scarcity in the story. Then they do creative writing exercises about scarcity situations.