In this unit students begin to construct knowledge of important economic concepts including wants, trade, goods and services. Students first distinguish between needs and wants using the book If You Give a Pig a Pancake and The Wanting Song. Students then differentiate between goods and services and recognize goods and services help to meet human wants. In the final lesson students explore the concept of trade and connect trade to the method of obtaining goods and services to meet human wants. Optional lessons for all day kindergarten and extensions are included. These lessons focus on building student understanding of the concept of goods, practicing historical inquiry as they look at old toys as examples of goods from the past. This lesson includes a variety of activities including interviewing a grandparent, playing a historic board game and analyzing historic photographs showing children and toys. In the final optional lesson students explore how ‘gifts of the Earth’ such as trees and water are used to make goods.
Stage One - Desired Results
Why can’t I have everything I want?
economic wantsneedsservicestrade
Describing
Identifying similarities and differences
Stage Two - Assessment Evidence
Stage Three - Learning Plan
