The Gus A. Stavros Center for Free Enterprise and Economic Education

Resources for Chocolate Economics

Chocolate is a very interesting topic to study from an economic viewpoint. From the history of cacao beans as a form of currency to the supply and demand of chocolate today, The Economics of Chocolate is a fascinating topic that provides a framework to learn Elementary Economic Standards. Before beginning, consider this informational video on How Chocolate is Made. Ask questions about trade, geography, and history.

How Chocolate is Made: Money doesn't grow on trees, but chocolate does!

Now check out this story about a visit to a chocolate shop in Tampa.

Chocolate non fiction new from Yumonomics

What Economics concepts were embedded in the text?

Use the Golden Ticket scene from Charlie and the Chocolate Factory to discuss ideas about scarcity, decisions, opportunity cost, trade, supply, and demand.

I Want It Now! Willy Wonka & the Chocolate Factory: Use this to explore scarcity and unlimited wants. What are the consequences if everyone gets what they want when they want?

How It's Made: At a Chocolate Factory

For Economic Terms, visit Fifty Nifty Econ Cards.

3rd Grade (NGSSS Economics Standards)

In third grade, a key focus is to understand how scarcity results in trade. In addition, students should be able to explain how consumers, producers, buyers and sellers interact exchange goods and services through money or trade. Conduct a shared reading of Trade You Snickers for Smarties to help students understand trade.

1) Engage students with the Fair Trade Chocolate Global Exchange Informational Text (Unit and other information). In addition to examining trade, discuss the ethics involved in economics and fair trade.

2) Use The Roald Dahl lesson with the excerpt on Grandpa Joe Takes a Gamble. Ask questions about trade and money. How did he get the chocolate bar? (bought in a store with money) Why did he want to find the golden ticket? (because it was scarce). Now watch the Golden Ticket scene and have students discuss how the consumers, producers, buyers, and sellers interacted to exchange the chocolate.

4th Grade (NGSS Economics Standards)

For links to Florida History examine History of Chocolate in Florida. In 4th grade, one of the key ideas is to teach students about entrepreneurship. Discuss how Willy Wonka was an entrepreneur. Then examine this lesson on a famous chocolate entrepreneur: EconEdLink Entrepreneurship Lesson on Hershey.

1) After examining EconEdLink Inventors and Entrepreneurs (Edison), have students discuss the attributes of an entrepreneur. Then have students examine these Famous Floridians texts and determine which are entrepreneurs. What is their impact on Florida?

3) Use the Roald Dahl lesson and ask students to illustrate chocolate replicas of Florida landmarks and tourist attractions.

4) Why would the Chocolate palace not be a good idea in Florida?

5th Grade: (NGSSS Economics Standards)

In 5th Grade, students need to understand the market economy before they can compare it to the economy in Early American history. Have them examine the relationships between buyers, sellers, consumers, and producers in Charlie and the Chocolate Factory.

1) After examining the market economy in the book, investigate parts of History of Chocolate: Chocolate in the American Colonies to help students conduct a compare/contrast of then and now. How did people produce chocolate? Who consumed chocolate? What about trade?

2) In 5th Grade, we also examine famous American inventors and the impact of their inventions. After researching American Inventors and their Inventions, use the Roald Dahl lesson on the Inventing Room. Roald Dahl Lesson on Design and Inventions.

3) Students use this Roald Dahl lesson to invent a new chocolate bar.

Chocolate Informational Websites:

The Story of Chocolate (Informational Website)

Hershey's History and Chocolate Making (with videos)

Chocolate Interactive Activity from Field (requires Flash)

Chocolate Literature:

Charlie and the Chocolate Factory by Roald Dahl
Charlie and the Great Glass Elevator : The Further Adventures of Charlie Bucket and Willy Wonka, Chocolate-Maker Extraordinary by Roald Dahl
Charlie & the Chocolate Factory (Literature Units) by Concetta D. Ryan
Chocolate Fever by Robert Kimmel Smith
Chocolate Touch by Patrick Skene Catling
The Chocolate Cow by Lilian Obligado
Chocolatina by Erik Kraft
Cocoa Ice by Diana Appelbaum
A Chocolate Moose for Dinner by Fred Gwynne

April Bubbles Chocolate : An ABC of Poetry by Lee Bennett Hopkins
The Big Block of Chocolate by Janet Slater Redhead
Cam Jansen and the Chocolate Fudge Mystery by David A. Adler
Hot Fudge (Bunnicula and Friends) by James Howe
The Chocolate Sundae Mystery (Boxcar Mystery No 46) by Gertrude Warner
The Ghost Who Ate Chocolate by Susan Saunders
Chocolate Island (Usborne Young Puzzle Adventures) by Karen Dolby
The Chocolate Kingdom Caper by Swanee Ballman
The Chocolate Train by Joanne Kornfeld
The Case of the Chocolate Fingerprints by Parker C. Hinter
Curious George Goes to a Chocolate Factory by Margret Rey
Wellington’s Chocolatey Day by Mick Inkpen
Mary Marony and the Chocolate Surprise by Suzy Kline
Max’s Chocolate Chicken by Rosemary Wells
Chocolate : Riches from the Rainforest by Robert Burleigh
Beans to Chocolate (Welcome Books: How Things Are Made) by Inez Snyder
All About Chocolate: The Ultimate Resource to the World’s Favorite Food by Carole Bloom
Chocolate by Hershey (About Milton Hershey) by Betty Burford
Milton Hershey : Chocolate King, Town Builder by Charman Simon
Chocolate (What’s for Lunch) by Claire Llewellyn
Chocolate : From Start to Finish (Made in the U.S.A) by Samuel G. Woods
A Guide for Using The Chocolate Touch in the Classroom by Teacher Created Materials Inc
Mercedes and the Chocolate Pilot: A True Story of the Berlin Airlift and the Candy That Dropped from the Sky by Margot Theis Raven
1001 Chocolate Treats by Gregg R. Gillespie
The Official M&M’s Brand History of Chocolate by Karen Pellaton
How Monkeys Make Chocolate: Foods and Medicines from the Rainforests by Adrian Forsyth
I Like Chocolate by Robin Pickering
The Hershey’s Kisses Addition Book by Jerry Pallotta
The Hershey’s Kisses Subtraction Book by Jerry Pallotta
The Hershey’s Milk Chocolate Bar Fractions Book by Jerry Pallotta
Hershey’s Milk Chocolate Multiplication Book by Jerry Pallotta
Hershey’s Milk Chocolate Weights & Measures by Jerry Pallotta
The M&M’s Brand Chocolate Candies Counting Board Book by Barbara B. McGrath