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Summary of Concepts by Grade Level

The table below is a summary of the concepts that are appropriately taught at each grade level K-6. For more detailed descriptions by grade levels, see the K-6 goals page and the evidence of learning page. For more details about the concepts and some teaching suggestions for each grade level, click on the grade level at the top row or bottom row of the table. You might also be interested in the description of student learning activities for primary and intermediate grade levels. Or you might want to see a list of concepts, standards, and lessons.


TABLE 2: Summary of Concepts by Grade Level
Economic Concepts Kindergarten First Second Third Fourth Fifth Sixth
Scarcity new review review review review review review
Choice new review review review review review review
Goods new review review review review review review
Services new review review review review review review
Opportunity Cost - new review review review review review
Resources - new review review review review review
Natural Resources- new review review review review review
Human Resources- new review review review review review
Capital Resources- new review review review review review
Barter - new review review review review review
Interdependence-- new review review review review
Money -- new review review review review
Producers and Production-- new review review review review
Consumers-- new review review review review
Specialization -- new review review review review
Division of Labor --- new review review review
Productivity --- new review review review
Markets--- new review review review
Prices --- new review review review
Public Goods--- new review review review
Economic Systems---- new review review
Market Economy---- new review review
Circular Flow ---- new review review
Trade/Exchange ---- new review review
Factors of Production----- new review
Investment in Capital Res.----- new review
Investment in Human Res.----- new review
Trade-offs----- new review
Demand ----- new review
Supply ----- new review
Equilibrium Price----- new review
Competition ------ new
Cost of Production------ new
Profit ------ new
Entrepreneurs------ new
Incentives------ new
Taxes------ new
Income Tax------ new
Property Tax------ new
Sales Tax------ new
Unemployment------ new
Shortages ------ new
Surpluses------ new
Economic Concepts Kindergarten First Second Third Fourth Fifth Sixth
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