Globalization of the economy, the explosion of population growth, technological changes and international competition compels the student to understand, both personally and globally, production, distribution, and consumption of goods and services. The student will examine and analyze economic concepts such as basic needs versus wants, using versus saving money, and policy-making versus decision-making.

Kindergarten

I/D

Explain how basic human needs of food, clothing, shelter, and transportation are met.

I

Understand that people create shelter according to both culture and environment.

I

Recognize how jobs are similar and different from one community to another.

I/D

Explain why people have jobs.

I/D

Distinguish between needs and wants.

I

Recognize that all jobs are significant and realize that some jobs are interdependent.

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First Grade

I

Recognize that workers who provide services earn money to meet needs and wants.

I

Recognize that people advertise goods and services through different forms of communication.

I

Identify how people exchange goods and services.

D

Describe the requirements of various jobs and the characteristics of a job well performed.

I

Describe how specialized jobs contribute to the production of goods and services.

D

Recognize that goods and services are exchanged worldwide.

I

Give examples of industries and the resources needed to operate industries.

D

Identify examples of goods and services in the home, school, and community.

D

Distinguish the difference between goods and services.

I

Differentiate between consumers and producers.

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Second Grade 

I

Explain how work provides income to purchase goods and services.

I

Describe how society depends upon workers with specialized jobs and the ways in which they contribute to the production and exchange of goods and services.
The Goat In the Rug
If You Give A Mouse A Cookie
reinventing the past

I

Give examples of the various institutions that make up economic systems such as families, workers, banks, labor unions, government agencies, small businesses, and large corporations.

I

Recognize that communities around the state and world are economically interdependent.

I

Know the major products of Tennessee.
kidsport

I

Categorize resources needed to operate industries.

I

Understand the necessity of importing resources needed for industry.

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Third Grade 

I

Identify ways of earning, spending, and saving money.

Welcome to Econopolis

Practical Money Skills for Teachers
It's My Life: Making Money

Welcome to Econopolis

A

Classify needs and wants using pictures of common items (i.e., food, cleaning products, clothes, candy, makeup).
Needs and Wants

Unit Identify Personal Choices

Why Do I Want All This Stuff

Geography and Economics

Unlimited Wants Goods and Services

To Market, To Market
Unlimited Wants Goods and Services

A

Using a picture, differentiate the difference between a producer and a consumer. 

We Are Consumers and Producers

The Goat in the Rug

To Market, To Market

We Are Consumers and Producers

Economics and Literature

Clipping Coupons

Producer vs. Consumer Factory
Consumers

I

Analyze a simple budget that allocates money for spending and saving.
Money Management

I

Identify examples of private and public goods and services. 

Communities – What They Provide for Us

Community Helper Are at Your Service

Good and Services Farm

I

Identify examples of scarcity.

Economic Spotter: Resources During World War II

Tapped Dry: How Do You Solve a Water Shortage
Water Scarcity

I

Explain how supply and demand affects the price of a good or service.

Supply & Demand

Goods & Services

Explain Market Price

Supply and Demand Land

Explain Market Price

Supply and Demand Land

A

Distinguish between imports and exports. 

Where Do Your Belongings Come From?

Commerce

The World on a String  

A

Differentiate between money and barter economies.

Hawaiian Economics: Barter for Fish & Poi

Economic Spotter: Money in Revolutionary Times

Hawaiian Economics: Barter for Fish and Poi

I Have No Money, Will You Take Wampum?
Grade 4 Barter vs. Money Lesson
Bartering
Bartering for Goods

I

Recognize that the world has different agricultural and industrial regions.

Agriculture in the Classroom

4-H Virtual Farm

A

Interpret a map showing agricultural and industrial areas.
Maps of the World

I

 Explain the characteristics of a technologically expanding global economy.
Japanese Economy

I

Explain the impact of scarcity on interdependence within and among regions.
Scarcity and Interdependence

I

Recognize that Tennessee and the United States have different agricultural and industrial regions.
4-H Virtual Farm

I

Be aware of how goods and services are interchanged between communities at the local and national levels.
Made in the U. S. A.

D

Trace the development of a product from a natural resource to a finished product.
Where Does Our Breakfast Come From?
A Simple Chocolate Bar

A

Distinguish the difference between a natural resource and finished product. 
From the Land: A North Carolina Natural Resources Adventure
Natural Resources: Renewable & Nonrenewable
How Do People Make….

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Fourth Grade 

D

Identify the economic motivations for European exploration and colonization.

Why Explorers Explored

A

Analyze the impact of European exploration and colonization on the economy of Tennessee.

D

Describe how Native Americans in Tennessee and the Western Hemisphere met their basic economic needs.

A

Interpret a chart of major agricultural produce in Tennessee (i.e., cotton, tobacco, soy beans, rice, corn, cattle, wheat, swine, and sheep). 
Tennessee Agriculture
Agriculture Statistics
A History of Tennessee Agriculture: Elementary

I

Analyze how people in different parts of the United States earned a living in the past and do so in the present.
Making a Living in the New World  
What Interests You?  Career Choices

D

Explain the economic patterns of various early Native American groups in Tennessee and the Western Hemisphere.

A

Recognize the difference between a barter system and a money system.

How Money Began

Bartering for Goods
How Money Began

Bartar VS Money: Jefferson County Schools PowerPoint

I

Identify major industries of colonial America.
The Thirteen Colonies
Work in Colonial America
The 13 American Colonies

A

Identify major industries of colonial America using a map of the original thirteen colonies.
Work
Interactive Map: The 13 American Colonies
The 13 American Colonies: Characteristics of the Colonies

I

Explain the economic patterns of early European colonial governments and their relationships with foreign governments.

M

Explain and demonstrate the role of money in daily life.

KidsBank

Making Cents of Money
 Basic Need for Money
 

I

Describe the relationship of price to supply and demand and how it affected early American history.
Bartering for Goods
Beanie Baby Lesson Plan

I

Use economic concepts such as supply, demand, and price to help explain events.
Economic Concepts

A

Recognize the concept of supply and demand.
Econopolis

Serving Up Economics

Supply and Demand Lesson Plan
Beanie Baby Lesson Plan
REAL TREES 4 Kids: Supply and Demand
Supply and Demand

I

Identify the economic motivations for European exploration and settlement in Tennessee and the Western Hemisphere.
Why Explorers Explored the World
From Territory to Statehood

I

Examine the location, distribution, and patterns of economic activities and settlement in Tennessee. Tennessee History

I Evaluate the effects of supply and demand on business, industry, and agriculture, including the plantation system, in Tennessee and various regions.
A Read and interpret a passage about a political or economic issue which individuals may respond to with contrasting views (i.e., state taxes, federal taxes, slavery, and Bill of Rights).

TOP

Fifth Grade 

D

Identify the economic change from agricultural to industrial in late 19th and early 20th century.

D

Describe economic issues of the 1920’s and 1930’s.
Learning Adventures in Citizenship

D

Explain how the American economy changed after World War II.

The Home Front

A

Differentiate between an economic boom and bust.

Wall Street: The 1929 Crash
The Economy of the US

Stock Market crash

A

Recognize the concept of buying on credit.

The Mint.  It Makes "Cents".

Managing money with WisePockets

Paying over time Activity
Paying over time

A

Recognize how Americans used credit/installment plans to purchase consumer goods in the 1920's (i.e., vacuum cleaners, washing machines, radios, and other home appliances).

Education World

How to set up a budget

Great War and Jazz Age

A

Analyze how environmental changes and crisis affected the economy across the nation in the 1930's (i.e., Dust Bowl, Black Tuesday, Great Depression, and Hoovervilles).

Timeline of the Dustbowl

Quicktime movie of DustBowl

Brother Can You Spare A Dime

Great Depression

Life in the Dust Bowl

D

Describe the development of the free enterprise system in Tennessee and the United States.

A

Interpret economic issues as expressed in maps, tables, diagrams, and charts (i.e., automobile sales, unemployment rates, or airplane production).

Interpreting graphs

Atalpedia

D

Explain the impact of American ideas about progress and equality of opportunity on the economic development and growth of the United States.

D

Explain how supply and demand affects production and consumption in the United States.

I

Give examples of the benefits of the free enterprise system in the United States.

I

Describe global economic interdependence after World War II.

I

Explain how the United States and Tennessee meet some of their needs through the purchase of domestic and international products domestically and internationally in today’s global economy.

A

 Differentiate between needs and wants on a personal and national level.

Card Confusion

Needs and wants


 

I

Describe the impact of mass production, specialization, and division of labor on the economic growth of the United States and other regions of the world.

D

Explain how people historically and presently earn their living in different regions of the United States and Tennessee.

D

Analyze how developments in transportation communication influenced economic activities in Tennessee.

D

Explain how geographic factors influence the location of economic activities in Tennessee.

D

Analyze the effects of immigration, migration, and limited resources on the economic development and growth of Tennessee and the United States.

TOP

 

Sixth Grade 

D

Explain the relationship of supply and demand in early world history.

A

Recognize an example of a barter economy.

Global Economics

M

Describe the change from hunter/gatherer economies to economies based on animal and plant domestication.

A

Identify disadvantages and advantages of nomadic and early farming lifestyles (i.e., shelter, food supply, and, domestication of plants and animals).

M

Investigate the impact of trade on the economies of early civilizations.

D

Define various types of economies and their methods of production and consumption.

A

Recognize the importance of economic systems in the development of early civilizations around rivers (i.e., Tigris and Euphrates, Huang He, Nile, and Indus).

D

Apply economic concepts to evaluate historic developments.

D

Explain the economic impact of improved communication and transportation.

A

Identify major trade routes (i.e., silk roads, Persian trade routes, African trade routes, Mediterranean trade routes, and ocean routes).

D

Appraise the relationship among scarcity of resources, economic development, and international conflict.

M

Differentiate between needs and wants.

D

Analyze how supply and demand and change in technologies impact the cost for goods and services.

D

Evaluate the relationship between creditors and debtors.

A

Recognize the importance of trade in later civilizations (i.e., Mediterranean, Southeast Asia, India, and European).

A

Analyze how basic economic ideas influenced world events (i.e., supply and demand lead to exploration and colonization).

TOP

Seventh Grade

I

Define various types of economies and their methods of production and consumption (e.g., market economy, free enterprise, capitalism, communism, and socialism).
Economy of the USA 
Command Economy

D

List the major resources and industrial and agricultural products, locally, regionally, and globally.
Mission: Explore

A

Define renewable and nonrenewable resources.

Welcome To Earth Population

D

Apply basic economic concepts in studying the various regions of the world such as export, import, tariffs, and closed and emerging markets.

Tax History Museum 

Closed and Emerging Markets

A

Recognize basic economic concepts (i.e., imports, exports, barter system, tariffs, closed and emerging markets, supply and demand, inflation, recession, and depression).

CIA World Fact Book

Imports and Exports

D

Explain the interactions between domestic and global economic systems.

Currency Converter

D

Recognize that resources, goods, and services are exchanged worldwide.

A

Select the major resources, industrial, and agricultural products from the three grand divisions from a map of Tennessee.

D

Explain the economic impact of improved communication and transportation.

Cruise Through History

D

Appraise the relationship among scarcity of resources, economic development, and international conflict.

I

Evaluate the domestic and international impact of various economic agreements.

I

Apply economic concepts to evaluate contemporary developments.

A

Interpret economic issues as expressed with maps, tables, diagrams, and charts.

National Trade Data              

National Charts and Data            

M

Describe the characteristics, location, and use of renewable and nonrenewable resources.

M

Identify ways resources are recycled.

D

Describe patterns of resource distribution and utilization.

D

Discover the relationship between the use, availability, and accessibility of resources and a country’s standard of living, including the role of technology in resource acquisition and use.

D

Analyze issues related to the location, availability, use, distribution, and trade of natural resources.

TOP

Eighth Grade

I

Describe the role that supply and demand, prices, incentives, and profits play in determining what is produced and distributed in a competitive market system.

D

Describe the differences within economic theories such as mercantilism and capitalism.

A

Recognize America's natural resources (i.e., land, timber, fish, animal pelts, peppers, sweet potatoes, squash, pumpkins, turkeys, peanuts, potatoes, tomatoes, tobacco, cacao, beans, and vanilla).

A

Interpret a diagram showing the steps of changing a resource into a product.

D

List the major industrial and agricultural products of Tennessee and the United States.

D

Describe a range of examples of the various institutions that make up economic systems such as households, business firms, banks, government agencies, labor unions, and corporations.

M

Analyze the impact of economic phenomena within the free enterprise system such as supply and demand, profit, government regulation, and world competition on the economy of Tennessee and Early America.

D

Define various types of economies and their methods of production and consumption.

D

Apply economic concepts to evaluate historic and contemporary developments.

D

Explain the economic impact of improved communication and transportation on the world economy.

D

Analyze the impact of national and international markets and events on the production of goods and services in Tennessee and Early America.

M

Define microeconomic terms such as credit, debt, goods, services, domestic products, imports, and exports.

D

Analyze how supply and demand and change in technologies impact the cost for goods and services.

A

Differentiate between credit and debt.

D

Evaluate the relationship between creditors and debtors.

D

Explain and illustrate how values and beliefs influence different economic decisions related to needs and wants.

A

Differentiate between a commercial and subsistence economy.

D

Define macroeconomic terms such as economic alignments, credit, market economy, tariffs, closed economies, and emerging markets.

D

Generalize and evaluate the process of governmental taxation on individuals and businesses.

A

Identify various forms of taxation (i.e., tariffs, sales tax, and excise tax).

D

Evaluate the domestic and international impact of various economic agreements.

D

Compare basic economic systems according to who determines what is produced, distributed, and consumed.

A

Interpret a variety of economic graphs and charts with topics (e.g., the Columbian exchange, numbers of slaves, population of colonies, and population diversity).

D

Explain economic factors that led to the urbanization of Tennessee and Early America.

D

Trace the development of major industries that contributed to the urbanization of Tennessee and Early America.

A

Recognize the economic activities of Early America (i.e., agriculture, industry, and service).

D

Explain the changes in types of jobs and occupations that resulted from the urbanization of Tennessee and Early America.

A

Recognize the factors that led to urbanization and industrialization in Early America (i.e., religious freedom, land ownership, and thriving market).

A

Distinguish among various economic markets found in Early America (i.e., traditional, monopoly, oligopoly, and free competition).

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Lesson Plans

More Lesson Plans from EconEdLink

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Topics

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Interactive Activities

PowerPoint Presentations

Grades 3-5 Writing Across Curriculum Business: Production and Consumption

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Worksheets
  • Banks - A printable wordsearch puzzle about banking
  • Checks - Printable blackline "play" checks for students to learn about personal finance
  • Goat in the Rug Using the story "The Goat in the Rug" introduce your students to the economic concept of resources and how they are used by producers to make goods. Printable activity sheet.
  • Places and Production A lesson plan that teaches students to calculate gross domestic product and create a choropleth map of South America. Printable activity pages are included.
  • Practical Money Skills
  • Stock Market Concentration Game A printable game in PDF format. Students match stock market terms to definitions.
  • Who am I? - Students learn how goods are produced and consumed by playing charades. A printable follow-up worksheet is provided.
  • Why Nations Trade - Students learn about opportunity cost, absolute advantage, competative advantage, and specialized terms through this lesson plan about internation trade. A teacher's guide and student worksheets are provided.

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Connie Campbell               Jefferson County Schools