EconEdLink and Idaho Content Standards

Grade k-5:

Standard 3 Economics

Table of Contents

Kindergarten


Goal 3.1: Explain basic economic concepts.

Objective: K.SS.3.1.1 Observe that all people have needs and wants


  1. Little Star’s Problem
  2. Rumble, Grumble, Gurgle, Roar
  3. Costs and Benefits of ‘The Three Little Pigs’
  4. Every Penny Counts


Objective: K.SS.3.1.2 Recognize that people have limited resources.


  1. Scarcity and Resources
  2. No Room for a Sneeze


Objective: K.SS.3.1.3 Describe some jobs that people do to earn money/rewards.


  1. We Can Earn Money (or) Working Hard for a Living
  2. Tricks for Treats
  3. What Do People Do?


Grade 1


Goal 3.1: Explain basic economic concepts.

Objective: 1.SS.3.1.1 Identify the basic needs of people, such as food, clothing, and shelter.


  1. Water, Water, Everywhere
  2. The Shoemaker’s Tools
  3. What Do Other People Want To Be?


Objective: 1.SS.3.1.2 Identify ways people meet their needs by sharing, trading, and using money to buy goods and services.


  1. Mystery Workers
  2. Norman Rockwell’s ‘Curiosity Shop’
  3. Trade to the Tailor
  4. A Pet for Beans from ‘Jack and the Beanstalk’
  5. That’s Not Fair! How Do We Share?
  6. Off to Interactive Island


Objective: 1.SS.3.1.3 Name things that people may want but do not need and explain the difference.


  1. “What Pet Should I Get?” Dr. Seuss and Decision Making
  2. Every Penny Counts


Goal 3.4: Explain the concepts of personal finance.

Objective: 1.SS.3.4.1 Identify ways to save money for future wants and needs.


  1. Bunny Money
  2. A Chair for My Mother
  3. Alexander, Who Used to Be Rich Last Sunday
  4. The ABCs of Saving

Grade 2

Goal 3.1: Explain basic economic concepts.

Objective: 2.SS.3.1.1 Identify wants and needs of families.


  1. Who Gets More than Their Fair Share?
  2. Country Mouse Makes a Decision!
  3. Costs and Benefits of ‘The Three Little Pigs’


Objective: 2.SS.3.1.2 Define income and identify different ways to earn and save.


  1. This Little Piggybank Went to Market
  2. Do I Look Like I’m Made of Money?


Objective: 2.SS.3.1.3 Identify the difference between goods and services.


  1. Bad Kitty Gets “Good” Goods and Services
  2. Woof! Woof! At Your Service
  3. Delivering the Goods
  4. What Do People Do?
  5. Communities: What They Provide For Us
  6. Community Helpers at Your Service
  7. Build Your Community


Objective: 2.SS.3.1.4 Identify differences between consumers and producers.


  1. The Little Red Hen is a Producer and a Consumer
  2. We are Consumers and Producers
  3. Delivering the Goods
  4. Eureka!


Goal 3.4: Explain the concepts of personal finance.

Objective: 2.SS.3.4.1 Identify reasons people save.


  1. A Chair for My Mother
  2. Bunny Money

Grade 3

Goal 3.1: Explain basic economic concepts.


Objective: 3.SS.3.1.1 Explain the concepts of supply and demand and the role of the consumer and producer.


  1. To Market To Market
  2. Opportunity Cost - Consumers
  3. Lemon Squeeze - The Lemonade Stand
  4. How E-Commerce Influences Consumer Choice


Objective: 3.SS.3.1.2 Explain the difference between public and private property.


  1. Cowboy Bob Builds a Community
  2. Free Ride


Goal 3.2: Identify different influences on economic systems.

Objective: 3.SS.3.2.1 Explain how land, natural resources, labor, trade and/or technology affect economic activities in the local community.


  1. The Little Red Hen
  2. Where Did That Pencil Come From?
  3. Mystery Workers
  4. Learning Economics with Minecraft: Productive Resources
  5. The Color of Resources
  6. The Mystery of the Amazing Farmers
  7. Music, Maestro, Please: Show Business and the Factors of Production


Goal 3.3: Analyze the different types of economic institutions.

Objective: 3.SS.3.3.1 Explain the purpose of the bank.


  1. Big Banks, Piggy Banks
  2. The Story of Jack and the Bank Stalk
  3. Banking is INTEREST-ing!
  4. Banks, Bankers, Banking


Goal 3.4: Explain the concepts of personal finance.

Objective: 3.SS.3.4.1 Describe the purposes and benefits of savings.


  1. A Chair for My Mother
  2. Uncle Jed’s Barbershop
  3. Clickety Clack, Let’s Keep Track
  4. You Can BANK on This! (Part 3)
  5. The Grasshopper and the Ant
  6. Money Comes and Goes
  7. Clipping Coupons

Grade 4


Goal 3.1: Explain basic economic concepts.

Objective: 4.SS.3.1.1 Describe and analyze how American Indians and early settlers met their basic needs of food, shelter, and water.


  1. I Have No Money, Would You Take Wampum?


Objective: 4.SS.3.1.2 Explain the concepts of supply and demand and scarcity.


  1. The Perfect Pet
  2. Toys for Me: A Lesson on Choice
  3. All About Prices
  4. Economic Spotter: Scarcity with the Lewis and Clark Expedition
  5. Economic Spotter: Supply and Demand at the Gold Rush
  6. If I Ran the Zoo - Economics and Literature

Objective: 4.SS.3.1.3 Explain the concepts of specialization and division of labor.


  1. Lean on Me --- We depend on each other!
  2. Specialists Light Up Our Lives!
  3. The Crow and the Pitcher
  4. Old Business, New Business
  5. Where Did You Come From?
  6. Trouble is Brewing in Boston -- “Colonial Voices: Hear Them Speak”
  7. WIDGET PRODUCTION: Producing More, Using Less
  8. Hawaiian Economics: Barter for Fish & Poi


Goal 3.2: Identify different influences on economic systems.

Objective: 4.SS.3.2.1 Describe examples of historic and current technological innovations in relation to economic growth in Idaho.


  1. Titans of Idaho Industry: Albertson & Simplot
  2. Frank Robinson: Symbols of Hope


Goal 3.4: Explain the concepts of personal finance.

Objective: 4.SS.3.4.1 Define entrepreneurship, and identify reasons for starting a business.


  1. Competition Pizza
  2. Spotlighting Entrepreneurs: The Sweet Success of Milton Hershey
  3. Using “New” Children’s Chapter Books to Teach Entrepreneurship
  4. Spotlighting Entrepreneurs: a Technology “iCon”
  5. Ben & Jerry’s Flavor Graveyard
  6. What’s Your Angle?
  7. I Can Be an Entrepreneur
  8. Titans of Idaho Industry: Harry Magnuson
  9. Frank Robinsons: Idaho Entrepreneur
  10. Frank Robinson: Symbols of Hope


Grade 5

Goal 3.1: Explain basic economic concepts.

Objective: 5.SS.3.1.1 Describe examples of improved transportation and communication networks and how they encourage economic growth.


  1. Did you Get the Message?
  2. Be An Ad Detective


Objective: 5.SS.3.1.2 Explain the concepts of tariffs, taxation, and embargo.


  1. Who Pays for City Hall?
  2. Taxation without Representation?
  3. Free Ride


Objective: 5.SS.3.1.3 Describe the basic characteristics of a market.


  1. What is Competition?
  2. Competition Pizza
  3. How Global is Your Portfolio?
  4. Competition Works in Our Flavor
  5. Believe it or Not?
  6. Hawaiian Economics: Barter for Fish & Poi
  7. Old Toy - New Market
  8. Laura Ingalls Wilder’s Frontier Town


Goal 3.2: Identify different influences on economic systems.

Objective: 5.SS.3.2.1 Discuss the economic policies that contributed to rebellion within the North American colonies.


  1. Economic Spotter: Trade in Colonial History
  2. Taxation without Representation?
  3. Trouble is Brewing in Boston - “Colonial Voices: Hear Them Speak”


Goal 3.4: Explain the concepts of personal finance.

Objective: 5.SS.3.4.1 Identify economic incentives and risks of entrepreneurship.


  1. What are Incentives?
  2. One Hen: How One Small Loan Made a Big Difference
  3. An Entreduction
  4. US History: Inventors & Entrepreneurs
  5. NOT your Grandma’s Lemonade Stand
  6. Inventive Incentive
  7. Economic Spotter: Inventors and Entrepreneurs in the Industrial Age


Objective: 5.SS.3.4.2 Explain the impact of taxation on personal finance.


  1. Who Pays for City Hall?
  2. Goods and Services: Some are Private, Some are Not
  3. Clean Land - Thanks to US!
  4. President Obama’s Allowance