LEARN NC

K–12 teaching and learning · from the UNC School of Education

About this resource

Appropriate grades
3–5
Provider
National Council on Economic Education

Legal

Creative Commons License

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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.
  • 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.

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.
  • 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.
  • 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.
  • 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.
  • 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.