Kindergarten-First Grade Social Studies Standards
With Emphasis on Economics

[K-1][2-4][5-8][9-12]

Please note: The numbering system for these standards is out-of-date;
however, it will be easy to connect the many lessons to concepts and new standards.
Quick guide to K-1 standards and lessons which emphasize economics
1.14 Work and jobs
1.17 Needs and wants; role of money; examples of saving (online lesson)
1.18 Kinds of resources (online lesson)
1.19 Goods and services; buyers and sellers (online lessons)
1.20 Choices and limited resources
1.21 Simulate exchange of money for goods; ways to save money (online lesson)
1.22 Families and individuals earn, spend, and save (online lesson)
Online lessons may be printed and copied for classroom use.


Standards (complete) that emphasize economics, with recommended lessons:

1.14 Students will match simple descriptions of work that people do and the names of those jobs by:

Lessons for this standard:

Children in the Marketplace

EIGHT: Children in the Marketplace

Economics for Kids: Ideas for Teaching in the Elementary Grades

Lesson One: Goods and Services
Lesson Two. Your Part in Our Economy
Lesson Three. People Make the Economy Go!
Lesson Four. Families Make the Economy Go!
Kids Town Club, The
Puppet Show: A Job for Popo
Wearing Workers
Picturing Resources
Factory Fun
Mr. Happy s Services
Master Curriculum Guides in Economics- Teaching Strategies: K-2
SEVENTEEN. Spotlight on Specialists
EIGHTEEN. The Baker Wants a Pair of Shoes
SIX. Mystery Workers
Puppet Economics
LESSON 14: Workers Right and Left

1.17 Students will identify basic economic concepts by:

Online lesson: My Money

Four-part series of published materials on the money most likely used by elementary school students. Includes four teacher's guides and lesson plans and a test.

Online lesson: Why We Save

For K-Second Grades: Lesson 8, Personal Finance Economics K-12: Pocketwise. Copyright ©1996, Council for Economic Education, New York, NY 10036. Used with permission.
Children in the Marketplace
ONE: People Live in a World of Relative Scarcity
SIX: In an Economy Based on Market Prices People Are Free to Substitute One Item for Another
Economics for Kids: Ideas for Teaching in the Elementary Grades
Lesson One: Goods and Services
Lesson Six. More Scarcity
Lesson Seven. Choice
Lesson Eight. Opportunity Cost
Econ Song Book, The

Egg-Bert: A Case Study of Sutherland's Food Service, Inc. for Students in the Early Grades
Chapter 1: Meet The Egg Family
Chapter 5: Future Eggs
Ideas and Activities for Integrating Economic Concepts Into the Elementary Classroom
LESSON TWO: Opportunity Costs
LESSON THREE: Scarcity and Choices in Our Society
Kids Town Club, The
Yes and No Pockets
Scarcity Schoolbox
Clip-A-Card Game
Hungry Bear

KinderEconomy+

Master Curriculum Guides in Economics- Teaching Strategies: K-2

ONE. Wants from A to Z!
THREE. Foods Around the World
FOUR. Learning Center: Winning Wants
SIXTEEN. An Interdependent Bunch
TWENTY-TWO. Birthday Barter
TWENTY-FOUR. Puppet Show: Pinky's New Bow Tie
TWENTY-FIVE. Bulletin Board: Teddy Bear Picnic

Personal Finance Economics, K-2: Pocketwise

Play Dough Economics

LESSON ONE: Goods and Services- The Things We Want
LESSON THREE: Scarcity- We Can't Have Everything We Want
LESSON SIX: Trade- Getting the Things We Want
LESSON SEVEN: Money- Making Trade Easier
Puppet Economics
LESSON 1: Charting Puppet Decisions
LESSON 2: Lost Opportunities


1.18 Students will describe the differences between human resources, such as people at work; natural resources, such as water, soil, wood, and coal; capital resources, such as machines and tools used to produce different goods or services.

Economics and Children's Literature

Online: The Goat in the Rug*
Geraldine, a goat, tells the story of a Navajo weaver who produces a rug using the goat's mohair. Learn about economics: producers, resources (natural, human, capital), intermediate goods; and Language Arts: Categorizing, sequencing, noting details, writing personal narrative. ©SPEC Publishing.
Children in the Marketplace
TWO: People Use Resources to Produce What Other People Want
Economics for Kids: Ideas for Teaching in the Elementary Grades
Lesson Nine. Factors of Production: Natural Resources, Labor, Capital
Lesson Ten. Resources in the School

Econ Song Book, The

Kids Town Club, The

Picturing Resources
Puppet Economics
LESSON 7: Resource Collectors
LESSON 8: Production Necessities

Voyages of Columbus, The

LESSON TWO: Resources for the Voyage


1.19 Students will explain the difference between goods and services and will describe how people are both buyers (consumers) and sellers (producers) of goods and services.

Economics and Children's Literature--Supplement 2

Online: "If You Give a Mouse a Cookie"
A little mouse shows up at a young man's house. The young man gives the mouse a cookie and starts a chain of events. Learn about unlimited wants, and goods and services. . ©SPEC Publishing.

Online: The Goat in the Rug*
Geraldine, a goat, tells the story of a Navajo weaver who produces a rug using the goat's mohair. Learn about economics: producers, resources (natural, human, capital), intermediate goods; and Language Arts: Categorizing, sequencing, noting details, writing personal narrative. ©SPEC Publishing.

Children in the Marketplace
THREE: People Want More
FOUR: People's Wants Stimulate Production
FIVE: In a Market Economy, the Forces of Supply and Demand Set the Prices at Which Exchanges Take Place
EIGHT: Children in the Marketplace

Choices & Changes: Work, Human Resources, and Choices

PART ONE: I Am a Worker
PART TWO: I Can Improve My Human Resources

Economics for Kids: Ideas for Teaching in the Elementary Grades

Lesson One: Goods and Services
Lesson Two. Your Part in Our Economy
Lesson Three. People Make the Economy Go!
Lesson Four. Families Make the Economy Go!
Lesson Five. Scarcity
Lesson Ten. Resources in the School
Lesson Eleven. Demand
Lesson Twelve. Supply
Lesson Thirteen. Prices Go Up
Lesson Fifteen. We Depend on Each Other
SIMULATION THREE. International Trade
SIMULATION FOUR. Run a School Business
Egg-Bert: A Case Study of Sutherland's Food Service, Inc. for Students in the Early Grades
Chapter 3: The Big-Wash Up
Ideas and Activities for Integrating Economic Concepts Into the Elementary Classroom
LESSON THREE: Scarcity and Choices in Our Society

Kaleidoscope, USA

Kids Town Club, The

Puppet Show: A Job for Popo
Yes and No Pockets
Wearing Workers
Profit Producers
Interdependence Chain
Presenting Lemonade
Picturing Resources
Making Mobiles
Factory Fun
Clip-A-Card Game
The Money Goes Round
Profit Producers
Mr. Happy s Services
Hungry Bear
Scooping Up Production
The Transportation Race
The Picture Worm
Econ Songs for Entrepreneurs

KinderEconomy+

Master Curriculum Guides in Economics- Teaching Strategies: K-2

TWO. Consumer Reflections
THREE. Foods Around the World
FOUR. Learning Center: Winning Wants
FIVE. Bulletin Board: People Movers
SIX. Mystery Workers
SEVEN. Gifts from Nature
EIGHT. Producer Charades
NINE. Learning Center: Producer Pigs
SIXTEEN. An Interdependent Bunch
SEVENTEEN. Spotlight on Specialists
EIGHTEEN. The Baker Wants a Pair of Shoes
NINETEEN. The Learning Center: School Connections
TWENTY-ONE. His Barter is Worse Than His Bite!
TWENTY-THREE. To Market, To Market
TWENTY-FOUR. Puppet Show: Pinky's New Bow Tie
TWENTY-FIVE. Bulletin Board: Teddy Bear Picnic

Play Dough Economics

LESSON TWO: Production- How We Get the Goods and Services we Want
LESSON FOUR: Opportunity Cost (Consumers)- The Best Alternative Not Chosen
LESSON FIVE: Opportunity Cost (Producers)- Producers Have to Choose, Too
LESSON SIX: Trade- Getting the Things We Want
LESSON TEN: Saving and Investing- Planning for the Future

Puppet Economics

LESSON 6: Creating the Script: Act 1
LESSON 9: Puppet Construction
LESSON 14: Workers Right and Left
LESSON 19: Terrific Traders


1.20 Students will explain how limits on resources require people to make choices about producing and consuming goods and services.

Children in the Marketplace

ONE: People Live in a World of Relative Scarcity
TWO: People Use Resources to Produce What Other People Want
THREE: People Want More
FOUR: People's Wants Stimulate Production

Choices & Changes: Work, Human Resources, and Choices

PART ONE: I Am a Worker
PART TWO: I Can Improve My Human Resources
PART THREE: I Can Set and Reach My Goals

Kids Town Club, The

A Walk in the Park
Sweetheart Wheels
Picking Apples
Picturing Resources
Scarcity Schoolbox
Making Mobiles
Factory Fun
Profit Producers
Mr. Happy's Services
Hungry Bear
Scooping Up Production
Puppet Show: A Job for Popo
Wearing Workers
Profit Producers
Interdependence Chain

KinderEconomy+

Master Curriculum Guides in Economics- Teaching Strategies: K-2

ONE. Wants from A to Z!
FOUR. Learning Center: Winning Wants
SIX. Mystery Workers
SEVEN. Gifts from Nature
EIGHT. Producer Charades
NINE. Learning Center: Producer Pigs
TEN. Bulletin Board: Art Gallery
ELEVEN. Alligator Annie and the Scarcity Adventure
TWELVE. Opportunities for Appreciation
FOURTEEN. Learning Center: Choice Train
FIFTEEN. Bulletin Board: Scarcity Balloon Trip

1.21 Students will simulate the exchange of money for goods and services and identify ways to save money.

Online lesson: Why We Save

For K-Second Grades: Lesson 8, Personal Finance Economics K-12: Pocketwise. Copyright ©1996, Council for Economic Education, New York, NY 10036. Used with permission.
Master Curriculum Guides in Economics- Teaching Strategies: K-2
TWENTY-TWO. Birthday Barter

Personal Finance Economics, K-2: Pocketwise

1.22 Students will explain how families and individuals earn, spend, and save.

Online lesson: Why We Save

For K-Second Grades: Lesson 8, Personal Finance Economics K-12: Pocketwise. Copyright ©1996, Council for Economic Education, New York, NY 10036. Used with permission.
Personal Finance Economics, K-2: Pocketwise