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

To market to market

http://www.econedlink.org/lessons/index.cfm?lesson=EM357&page=teacher

A lesson plan for grades K–2 Social Studies

Provider: National Council on Economic Education


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This EconEdLink lesson will help students become good consumers and producers. Students will participate in a marketplace simulation by role-playing producers and consumers. They will explain how prices affect people’s willingness to buy things in markets. This lesson incorporates an interactive student activity, a printable student worksheet, and links to a variety of web resources.

North Carolina Curriculum Alignment

Social Studies (2003)

Grade 1

  • Goal 6: The learner will apply basic economic concepts to home, school, and the community.
    • Objective 6.01: Examine wants and needs and identify choices people make to satisfy wants and needs with limited resources.
    • Objective 6.02: Describe how people of different cultures work to earn income in order to satisfy wants and needs.
    • Objective 6.06: Identify the uses of money by individuals which include saving and spending.
    • Objective 6.07: Recognize that all families produce and consume goods and services.

Grade 2

  • Goal 7: The learner will apply basic economic concepts and evaluate the use of economic resources within communities.
    • Objective 7.01: Distinguish between producers and consumers and identify ways people are both producers and consumers.
    • Objective 7.02: Distinguish between goods produced and services provided in communities.
    • Objective 7.03: Describe different types of employment and ways people earn an income.
    • Objective 7.04: Identify the sources and use of revenue in the community.

Kindergarten

  • Goal 6: The learner will apply basic economic concepts to home, school, and the community.
    • Objective 6.01: Distinguish between wants and needs.
    • Objective 6.02: Examine the concept of scarcity and how it influences the economy.
    • Objective 6.03: Identify examples of how families and communities work together to meet their basic needs and wants.
    • Objective 6.04: Give examples of how money is used within the communities, such as spending and savings.
    • Objective 6.05: Explore goods and services provided in communities.