LEARN NC

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

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.

Resources aligned to this objective

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: article (grade 3–5 Social Studies)
By Pauline S. Johnson.
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: article (grade 3–5 Social Studies)
By Pauline S. Johnson.
Economics: Market surveys
This lesson plan is for an accelerated, academically gifted 4/5th grade combination class. The unit of study is economics (social studies). The SCoS goals and objectives cross grade levels and curriculum areas because of the nature of the children for whom this lesson was designed. This lesson was designed as a supplemental lesson for a unit I taught called Mini-Society (supported by the Kauffman Center for Entrepreneurial Leadership). I taught this unit for the first time this year after attending a workshop at Chapel Hill, NC. This lesson enhances the Mini-Society unit in which children create their own businesses.
Format: lesson plan (grade 4–5 Social Studies)
By Denise Delp.

Resources on the web

The opportunity cost of a lifetime
This EconomicsMinute plan focuses on the central idea of economics: every choice involves a cost. (Learn more)
Format: lesson plan (grade 4 Social Studies)
Provided by: National Council on Economic Education
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 Mathematics and Social Studies)
Provided by: 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 Social Studies)
Provided by: National Council on Economic Education
Beanie Baby prices soar
Students learn about supply and demand through the sale of Beanie Babies. (Learn more)
Format: lesson plan (grade 3–5 Social Studies)
Provided by: EconEdLink