3. Student Learning Map

  • Topic:Economics
  • Subject(s):Social Studies
  • Days:20
  • Grade(s):3
Key Learning: The exchange of goods and services provides choices through which people in all cultures can fill their basic needs and wants.
Unit Essential Question(s):
 
 

How do people use the exchange of goods and services to fill their basic needs and wants? What are the effects of their economic choices?

   
Concept: Choices
Concept: Scarcity
Concept: Economic Development
Lesson Essential Question(s):

How is cost determined?

(A)

What determines an item's value and cost?

(ET)

How do choices affect cost?

(A)
Lesson Essential Question(s):

What makes an item scarce?

(ET)

How can scarcity be prevented?

(ET)
Lesson Essential Question(s):

How are countries dependent upon one another economically?

(A)
Why have governments provided goods and services throughout history? (ET)
Additional Information:

(Note: Holidays and Cultural Observances may be taught based on their calendar occurance dates.) --

Saturday Market, by:Patricia Grossman; Market!, by:Ted Lewin; Pedrito's Day, by:Luis Garay; Family Farm, by:Thomas Locker; The Story of Money, by:Betsy Maestro; Eyewitness Books:Money, by:Joe Cribb; Everyone Has Important Jobs To Do, by Shirley, Roy, and Rober.

Resources:

View As PDF

Acquisition Lesson:

Extending Thinking Lesson:

Vocabulary Report

  • cost -
  • scarcity -
  • economic specialization -
  • money -
  • value -
  • surplus -
  • barter -
  • supply -
  • depletion -
  • competition -
  • competition -
  • demand -
  • consumer -
  • alternative choices -
  • market -
  • import -
  • product -
  • trade off -
  • service -
  • export -
  • international trade -
  • technology -
  • oppurtinity cost -
  • economic interdependence -