Beanie Baby prices soar
http://www.econedlink.org/lessons/index.cfm?lesson=EM13&page=teacher
A lesson plan for Grades 3–5 English Language Arts and Social Studies
Students learn about supply and demand through the sale of Beanie Babies.
North Carolina Curriculum Alignment
Social Studies (2003)
Grade 3
- Goal 5: The learner will apply basic economic principles to the study of communities.
- Objective 5.01: Define and identify examples of scarcity.
- Objective 5.02: Explain the impact of scarcity on the production, distribution, and consumption of goods and services.
Grade 4
- Goal 6: The learner will evaluate how North Carolinians apply basic economic principles within the community, state, and nation.
- Objective 6.01: Explain the relationship between unlimited wants and limited resources.
- Objective 6.02: Analyze the choices and opportunity cost involved in economic decisions.
Grade 5
- Goal 5: The learner will evaluate ways the United States and other countries of North America make decisions about the allocation and use of economic resources.
- Objective 5.05: Evaluate the influence of discoveries, inventions, and innovations on economic interdependence.
- Objective 5.07: Describe the ways the United States and its neighbors specialize in economic activities, and relate these to increased production and consumption.
- Objective 5.08: Cite examples of surplus and scarcity in the American market and explain the economic effects.
English Language Arts (2004)
Grade 3
- Goal 2: The learner will apply strategies and skills to comprehend text that is read, heard, and viewed.
- Objective 2.02: Interact with the text before, during, and after reading, listening, or viewing by:
- setting a purpose.
- previewing the text.
- making predictions.
- asking questions.
- locating information for specific purposes.
- making connections.
- using story structure and text organization to comprehend.
- Objective 2.05: Draw conclusions, make generalizations, and gather support by referencing the text.
- Objective 2.02: Interact with the text before, during, and after reading, listening, or viewing by:
- Goal 3: The learner will make connections through the use of oral language, written language, and media and technology.
- Objective 3.05: Compare and contrast printed and visual information (e.g., graphs, charts, maps).
- Goal 4: The learner will apply strategies and skills to create oral, written, and visual texts.
- Objective 4.02: Use oral and written language to:
- present information in a sequenced, logical manner.
- discuss.
- sustain conversation on a topic.
- share information and ideas.
- recount or narrate.
- answer open-ended questions.
- report information on a topic.
- explain own learning.
- Objective 4.02: Use oral and written language to:
Grade 4
- Goal 1: The learner will apply enabling strategies and skills to read and write.
- Objective 1.04: Increase reading and writing vocabulary through:
- wide reading.
- word study.
- knowledge of homophones, synonyms, antonyms, homonyms.
- knowledge of multiple meanings of words.
- writing process elements.
- writing as a tool for learning.
- seminars.
- book clubs.
- discussions.
- examining the author's craft.
- Objective 1.04: Increase reading and writing vocabulary through:
- Goal 2: The learner will apply strategies and skills to comprehend text that is read, heard, and viewed.
- Objective 2.02: Interact with the text before, during, and after reading, listening, and viewing by:
- setting a purpose using prior knowledge and text information.
- making predictions.
- formulating questions.
- locating relevant information.
- making connections with previous experiences, information, and ideas.
- Objective 2.05: Make inferences, draw conclusions, make generalizations, and support by referencing the text.
- Objective 2.09: Listen actively by:
- asking questions.
- paraphrasing what was said.
- interpreting speaker's verbal and non-verbal messages.
- interpreting speaker's purposes and/or intent.
- Objective 2.02: Interact with the text before, during, and after reading, listening, and viewing by:
- Goal 3: The learner will make connections with text through the use of oral language, written language, and media and technology.
- Objective 3.05: Analyze and integrate information from one or more sources to expand understanding of text including graphs, charts, and/or maps.
Grade 5
- Goal 1: The learner will apply enabling strategies and skills to read and write.
- Objective 1.03: Increase reading and writing vocabulary through:
- wide reading.
- word study.
- word reference materials.
- content area study.
- writing process elements.
- writing as a tool.
- debate.
- discussions.
- seminars.
- examining the author's craft.
- Objective 1.03: Increase reading and writing vocabulary through:
- Goal 2: The learner will apply strategies and skills to comprehend text that is read, heard, and viewed.
- Objective 2.02: Interact with the text before, during, and after reading, listening, and viewing by:
- making predictions.
- formulating questions.
- supporting answers from textual information, previous experience, and/or other sources.
- drawing on personal, literary, and cultural understandings.
- seeking additional information.
- making connections with previous experiences, information, and ideas.
- Objective 2.07: Evaluate the usefulness and quality of information and ideas based on purpose, experiences, text(s), and graphics.
- Objective 2.02: Interact with the text before, during, and after reading, listening, and viewing by:
- Goal 3: The learner will make connections through the use of oral language, written language, and media and technology.
- Objective 3.04: Make informed judgments about television, radio, video/film productions, and other electronic mediums and/or print formats.
- Objective 3.07: Make informed judgments about:
- bias.
- propaganda.
- stereotyping.
- media techniques.



