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4th Grade Economics

Description: 

This is an Economics unit that I use in my 4th grade class.  My district uses a text book called Social Studies Alive!  I refer to this book in this lesson.  I purchased an Econ. document from teacherspayteachers.com that you may purchase as well if you are interested.

Learning Targets: 
Identify questions economists ask in examining the United States
Describe some characteristics of a market economy
Describe how positive and negative incentives influence behavior in a market economy.
Explain how price affects decisions about purchasing goods and services
Explain how specialization and division of labor increase productivity
Link: 
4th Grade Economics
https://docs.google.com/document/d/1Yao0FBRLQDRrByT1E5qYNBJ4MY5Xf4BxG7cXRyEhtVA/edit
Author: 
arienstra
Content Area: 
Social Studies
Economics
Language: 
English
Resource Type: 
Unit
Licensing: 
Creative Commons Licence
Grade: 
4
Tags: 
economics
specialization
needs vs. wants
hamiltoncohort2

Student prerequisite skills and knowledge

None

How is the concept or procedure explained or demonstrated?

I use a day by day structure and outline for this unit.  Each day builds off each other for a cohesive blend by the end of the unit.

What concepts or procedures are being explained or demonstrated in this lesson object?

This unit covers all the basic prinicipals and concepts needed for a 4th grade economics unit.

What was your experience, both successes and challenges, using this lesson object with your students?

The whole concept of economics is a bit challenging for 4th graders in general.  The good news is that they at least have some prior experiences with econ by simply going to a store and buying things before.  Finding good resources for the last few lessons was very difficult.  The last couple concepts are very hard to grasp.  I even struggled a bit with what they are trying to get across, so I can imagine it will be difficult for my 4th graders as well.  I would really try and hint at how government is involved and how our economic levels change all the time.