NOT your grandma's lemonade stand
http://www.econedlink.org/lessons/index.cfm?lesson=EM276&page=teacher
A lesson plan for grade 4 Social Studies
In this EconEdLink lesson, students will manage a virtual lemonade stand to learn about the market economy. They will identify what they gain and what they give up when they make choices. They will identify people as consumers and/or producers. Students will also predict how prices change when the number of buyers in a market changes and identify the risk of being an entrepreneur.
North Carolina Curriculum Alignment
Social Studies (2003)
Grade 4
- Goal 6: The learner will evaluate how North Carolinians apply basic economic principles within the community, state, and nation.
- Objective 6.02: Analyze the choices and opportunity cost involved in economic decisions.
