LEARN NC

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

Goal 5

The learner will apply basic economic principles to the study of communities.

Objective 5.02

Explain the impact of scarcity on the production, distribution, and consumption of goods and services.

Resources aligned to this objective

Bartering--A System of Exchange
By participating in a game called "Barter Bag" students will be introduced to the concept of trade. This introduces students to the concept of bartering.
Format: lesson plan (grade 3 Social Studies)
By Carlene M. White.
Tobacco bag stringing: Elementary activity four
In this activity for grades 3–6, students will read and evaluate a primary source letter from the Tobacco Bag Stringing collection. This should be done after Activity one, which is the introductory activity about tobacco bag stringing. Students will investigate the influence of technology, and its lack, on the tobacco bag stringers. They will do a role play/debate in which they will assume the roles of owners of companies and other people that were involved in the issue.
Format: lesson plan (grade 3–5 Social Studies)
By Pauline S. Johnson.
Tobacco bag stringing: Elementary activity one
This activity for grades 3–6 will help students understand what tobacco bag stringing was and why it was important to communities in North Carolina and Virginia. Students will read and analyze an adapted introductory article about tobacco bag stringing.
Format: lesson plan (grade 3–5 Social Studies)
By Pauline S. Johnson.
Tobacco bag stringing: Elementary activity three
In this activity for grades 3–6, students will read and evaluate primary source letters from the Tobacco Bag Stringing collection. This should be done after Activity one, which is the introductory activity about tobacco bag stringing.
Format: lesson plan (grade 3–5 Social Studies)
By Pauline S. Johnson.

Lesson plans on the web

Beanie Baby prices soar
Students learn about supply and demand through the sale of Beanie Babies. (Learn more)
Format: lesson plan (grade 3–5 English Language Arts and Social Studies)
Provider: National Council on Economic Education
An entreduction
This lesson illustrates the differences between inventions and innovations. (Learn more)
Format: lesson plan (grade 3–5 Social Studies)
Provider: National Council on Economic Education
Hey, mom! What's for breakfast?
Students work in cooperative groups to learn about food use throughout the world. They will discuss causes and cures of world hunger and use map skills to investigate the production and distribution of food worldwide. (Learn more)
Format: lesson plan (grade 3–5 Healthful Living Education and Social Studies)
Provider: National Council on Economic Education
Marketplaces of Asia
In this Xpeditions lesson, students explore kinds of marketplaces and view goods as a reflection of the characteristics of a region. This lesson is one in a series developed in collaboration with The Asia Society, with support from the Freeman Foundation. (Learn more)
Format: lesson plan (grade 3 Social Studies)
Provider: National Geographic
Mystery workers
Students review the concepts of goods, services, and producers. (Learn more)
Format: lesson plan (grade K–5 Social Studies)
Provider: National Council on Economic Education
Nomads: Where Boundaries Move
In this Xpeditions lesson, students explore nomadic pastoralism. Focusing on Central Asia, students investigate the way humans have adapted to regions that do not sustain communities through agriculture and the influence this has both on how they live and view the boundaries of their home. (Learn more)
Format: lesson plan (grade 4 Social Studies)
Provider: National Geographic
NOT your grandma's lemonade stand
Students manage a virtual lemonade stand to learn about the market economy. (Learn more)
Format: lesson plan (grade 3–4 Social Studies and Mathematics)
Provider: National Council on Economic Education
What is competition?
Students understand what businesses are and that a marketplace exists whenever buyers and sellers exchange goods and services. (Learn more)
Format: lesson plan (grade K–3 Social Studies)
Provider: National Council on Economic Education
Where do your belongings come from?
This Xpeditions lesson asks students to figure out where their belongings came from and to consider the reasons why many items are imported from other countries. (Learn more)
Format: lesson plan (grade 3 Social Studies and English Language Arts)
Provider: National Geographic
Who gets more than their fair share?
Students identify and describe various methods of distributing goods or services. (Learn more)
Format: lesson plan (grade 1 and 3 Social Studies)
Provider: National Council on Economic Education
Who pays for city hall?
Students learn that city governments provide goods and services by collecting taxes from citizens. (Learn more)
Format: lesson plan (grade 1–3 Social Studies)
Provider: National Council on Economic Education