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How Money Affects Me, Economics 3rd-5th

Completed by 31 learners
Ages 8-11
Self-Paced Class
This interactive self-paced course covers all economics standards for grades 3-5.
Average rating:
4.8
Number of reviews:
(348 reviews)

5 pre-recorded lessons
5 weeks of teacher support
Choose your start date
1 year of access to the content

Enroll Now, Start Anytime

Go at your own pace
Your learner can start learning when they want and progress at the speed that works best for them.
Start when you want.
Learn at your own pace
Access course material for a full year.
Get hands-on support from teacher.

What's included

5 pre-recorded lessons
5 weeks
of teacher support
1 year access
to the content

Class Experience

US Grade 3 - 5
This Economics course is developed using the National C3 Standards for Social Studies for grades 3-5. This class is highly interactive. Students will be asked to use Nearpod, Kahoot, and Google Slides. Students walking away from this class will have a solid understanding of economics and how it affects our daily lives, our country, and our world. 

Class Interaction: 
Upload game scores to the class leaderboard
Share decisions and business plans via Flipgrid/Outschool Classroom
Invest in one another's business models

Lesson One:
--Complete a bartering simulation to understand the purpose of money 
--Compare jobs of long ago to jobs of today and how those jobs often became the last names of families
--Take an interest survey to find out what jobs match their current interests
--Create business cards for themselves choosing a trade or business. 
--Consider future ways of earning income and discover salaries, skills required, and education needed 

Lesson Two:
--Create a business plan while thinking about positive and negative economic incentives 
--Describe ways people can increase productivity by using improved capital goods and improving their human capital.
--Find out how crayons are made and identify human, physical, and natural resources/capital 
--Run a lemonade stand to discover how profits influences sellers 

Lesson Three:
--Take a mock-trip to the candy store to learn about scarcity and opportunity cost 
--Learn how to make smart choices based on wants and needs
--Use the PACED decision making model to make a decision 

Lesson Four:
--Describe the role of other financial institutions in an economy.
--Explain what interest rates are.
--Explain the meaning of inflation, deflation, and unemployment.
--Explain the ways in which the government pays for the goods and services it provides.

Lesson Five:
--Learn what taxes are and how they affect our pay and economy
--Identify what taxes pay for
--Play a simulation and manage a county budget run by taxes

Learning Goals

D2.Eco.1.3-5. Compare the benefits and costs of individual choices.
D2.Eco.2.3-5. Identify positive and negative incentives that influence the decisions people make.
D2.Eco.4.3-5. Explain why individuals and businesses specialize and trade.
D2.Eco.5.3-5. Explain the role of money in making exchange easier.
D2.Eco.6.3-5. Explain the relationship between investment in human capital, productivity, and future incomes.
D2.Eco.7.3-5. Explain how profits influence sellers in markets.
D2.Eco.9.3-5. Describe the role of other financial institutions in an economy.
D2.Eco.10.3-5. Explain what interest rates are.
D2.Eco.3-5. Explain the meaning of inflation, deflation, and unemployment.
D2.Eco.12.3-5. Explain the ways in which the government pays for the goods and services it provides.
D2.Eco.13.3-5. Describe ways people can increase productivity by using improved capital goods and improving their human capital.
D2.Eco.14.3-5. Explain how trade leads to increasing economic interdependence among nations.
D2.Eco.15.3-5. Explain the effects of increasing economic interdependence on different groups within participating nations.

Syllabus

Standards
Aligned with National Curriculum Standards for Social Studies (NCSS)
5 Lessons
over 5 Weeks
Lesson 1:
Money and Jobs
 Bartering, history of money, evolution of jobs, types of jobs, and what affects salary 
Lesson 2:
Resources
 Human, physical, and capital resources and how businesses run 
Lesson 3:
Choices and Opportunities
 Scarcity and opportunity cost, choices and how to make smart decisions 
Lesson 4:
Financial Institutions
 Interest rates, inflation, deflation, and unemployment 

Other Details

Parental Guidance
This class uses Nearpod, Flipgrid, iCivics, and Classkick.
External Resources
In addition to the Outschool classroom, this class uses:
  • Nearpod
  • Flipgrid
  • Google Slides

Offered by

Joined May, 2020
4.8
348reviews
Profile
Teacher expertise and credentials
We are so excited to share with our students the things we are passionate about. Our classes include:

*social studies
*math concepts
*language arts
*project based instruction
*unique history and biographies
*circle times
*civics

TEACHERS:
Kristina Rinard (Owner)
I was an elementary school teacher for 8 years and a vice principal for 5 (I promise I won't give you my principal look). Since then, I get to share my love for education with preservice teachers as an adjunct professor at the university level. Teaching Certificates include Elementary Education, Cross-Categorical Special Education, Social Studies, Language Arts, and Google Certified Level 1. My degrees include a Bachelors in Elementary Education/Special Education  from Northwest Missouri State, a Masters in Teaching from Webster University, and a Specialist Degree in School Administration from Northwest Missouri State.

Mike Rinard (Civics)

Erin Rynard (Classes for ages 3-8)

Reagan Burgess (Cheerleading)

TEACHING PHILOSOPHY:
We believe that students learn through personal action. Though we frequently use standards to guide instruction, we work to make our classrooms student-centered. Our classes often feature games and investigative activities. 

Students of all backgrounds and learning abilities are welcome in our classrooms. If there is an accommodation you'd like us to make for your child, please reach out. Our classrooms are safe spaces. 

INFORMATION:
We'd be happy to set up a private section for homeschool pods or groups of students wanting to create a consistent experience together. Just shoot us a message and we will work something out!

Reviews



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