Students will identify basic economic concepts.
Example Indicators:
- Recognize the difference between basic needs and wants, e.g. food, clothing, shelter, and affection.
- Explain differences between buyers and sellers/goods and services.
Social Studies 1.7
Students will explain how families and individuals earn, spend, and save.
Example Indicators:
- Match simple descriptions of work that people do with the names of those jobs
- Recognize the importance of work.
- Demonstrate the exchange of money for goods and services
- Identify ways to save money
Social Studies 4.9
Students will demonstrate an understanding of money and the financial system used in the United States.
Example Indicators:
- Identify the concepts of earning, saving, spending, and checking accounts and credit used by financial institutions and consumers.
- Describe the functions of money in an economic system.
