How Money Affects Me; Economics for 3rd-5th

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. 


Lesson One:
--Take a mock-trip to the candy store to learn about scarcity and opportunity cost 

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.

Lesson Three:
--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 Four:
--Compare jobs of long ago to jobs of today and how those jobs often became the last names of families. 
--Create business cards for themselves choosing a trade or business. 

Lesson Five:
--As a group, a complete a bartering simulation to understand the purpose of money 
--Consider ways to earn income as a child and identify options that interest them 
--Consider future ways of earning income and discover salaries, skills required, and education needed 

Lesson Six:
--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.


--Explain how trade leads to increasing economic interdependence among nations.
--Explain the effects of increasing economic interdependence on different groups within participating nations.