Building on economic concepts from kindergarten, the unit begins with an exploration of economic wants and how people fulfill their wants with goods and services. Next, students are introduced to the terms ‘producer’ and ‘consumer’ as they explore ways in which their families consume goods and services. Students apply what they have learned in an activity based on Little Nino’s Pizzeria or a similar book. Students explore the concept of scarcity through a simple classroom demonstration and discussion of the book Bunny Money or a similar book. Students explore how scarcity forces people to make choices. This unit integrates math expectations using data, pictographs, and money. Using the book Crow & Pig or a similar book, students explore the concept of trade and then investigate how money simplifies trade. Students next look at various ways people earn money. Finally, students summarize the unit concepts in a graphic organizer.
Stage One - Desired Results
How do families meet their wants and needs where they live?
choice
consumereconomic wantsgoodsmoneypictographproducerscarcityservicestrade
Cause and EffectComparing/ContrastingDescribing
Stage Two - Assessment Evidence
Stage Three - Learning Plan