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Lessons on Concept 'Income' for K-5

Please find the grade level for your class.


We Can Earn Money (or) Working Hard for a Living
Grade 2-3 / EconEdLink: This lesson introduces students to work activities that grown-ups do to earn money. Students also explore tasks they might do at home to earn money.

Money Doesn't Grow on Trees
Grade 3-5 / This lesson introduces students to four ways people get money—they find it, win it, receive it as a gift or earn it. Finding, winning and receiving money often depend on chance and luck. Most people get money by earning it. EconEdLink: Students explore allowances and doing work for pay as sources of extra money to buy something they want. They also differentiate between earned and unearned income. This lesson can be used alone or in combination with the lesson 'I Can Be an Entrepreneur.'

Widget production: Producing More, Using Less
Grade 3-5, 6-8 / EconEdLink: In the first part of the lesson students take a quiz to review the major concepts taught in Lesson 7, "Widget Production," from Master Curriculum Guide in Economics: Teaching Strategies 5-6. Students then search the web for examples of the many ways in which productivity has been increased over the years. Finally, they identify a situation where an increase in productivity could alleviate a problem and create a way to solve this problem.

Folding Our Way to Productivity
Grade 2-5 / EconEdLink: Students role-play workers producing origami cups. They participate in two production rounds, one without training and one with training. Students observe how productivity increases through training and, as a result, how income increases.