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
- Little Star’s Problem
- Rumble, Grumble, Gurgle, Roar
- Costs and Benefits of ‘The Three Little Pigs’
- Every Penny Counts
Objective: K.SS.3.1.2 Recognize that people have limited resources.
Objective: K.SS.3.1.3 Describe some jobs that people do to earn money/rewards.
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.
Objective: 1.SS.3.1.2 Identify ways people meet their needs by sharing, trading, and using money to buy goods and services.
- Mystery Workers
- Norman Rockwell’s ‘Curiosity Shop’
- Trade to the Tailor
- A Pet for Beans from ‘Jack and the Beanstalk’
- That’s Not Fair! How Do We Share?
- Off to Interactive Island
Objective: 1.SS.3.1.3 Name things that people may want but do not need and explain the difference.
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.
Grade 2
Goal 3.1: Explain basic economic concepts.
Objective: 2.SS.3.1.1 Identify wants and needs of families.
- Who Gets More than Their Fair Share?
- Country Mouse Makes a Decision!
- Costs and Benefits of ‘The Three Little Pigs’
Objective: 2.SS.3.1.2 Define income and identify different ways to earn and save.
Objective: 2.SS.3.1.3 Identify the difference between goods and services.
- Bad Kitty Gets “Good” Goods and Services
- Woof! Woof! At Your Service
- Delivering the Goods
- What Do People Do?
- Communities: What They Provide For Us
- Community Helpers at Your Service
- Build Your Community
Objective: 2.SS.3.1.4 Identify differences between consumers and producers.
- The Little Red Hen is a Producer and a Consumer
- We are Consumers and Producers
- Delivering the Goods
- Eureka!
Goal 3.4: Explain the concepts of personal finance.
Objective: 2.SS.3.4.1 Identify reasons people save.
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.
- To Market To Market
- Opportunity Cost - Consumers
- Lemon Squeeze - The Lemonade Stand
- How E-Commerce Influences Consumer Choice
Objective: 3.SS.3.1.2 Explain the difference between public and private property.
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.
- The Little Red Hen
- Where Did That Pencil Come From?
- Mystery Workers
- Learning Economics with Minecraft: Productive Resources
- The Color of Resources
- The Mystery of the Amazing Farmers
- 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.
- Big Banks, Piggy Banks
- The Story of Jack and the Bank Stalk
- Banking is INTEREST-ing!
- 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.
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.
Objective: 4.SS.3.1.2 Explain the concepts of supply and demand and scarcity.
- The Perfect Pet
- Toys for Me: A Lesson on Choice
- All About Prices
- Economic Spotter: Scarcity with the Lewis and Clark Expedition
- Economic Spotter: Supply and Demand at the Gold Rush
- If I Ran the Zoo - Economics and Literature
Objective: 4.SS.3.1.3 Explain the concepts of specialization and division of labor.
- Lean on Me --- We depend on each other!
- Specialists Light Up Our Lives!
- The Crow and the Pitcher
- Old Business, New Business
- Where Did You Come From?
- Trouble is Brewing in Boston -- “Colonial Voices: Hear Them Speak”
- WIDGET PRODUCTION: Producing More, Using Less
- 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.
Goal 3.4: Explain the concepts of personal finance.
Objective: 4.SS.3.4.1 Define entrepreneurship, and identify reasons for starting a business.
- Competition Pizza
- Spotlighting Entrepreneurs: The Sweet Success of Milton Hershey
- Using “New” Children’s Chapter Books to Teach Entrepreneurship
- Spotlighting Entrepreneurs: a Technology “iCon”
- Ben & Jerry’s Flavor Graveyard
- What’s Your Angle?
- I Can Be an Entrepreneur
- Titans of Idaho Industry: Harry Magnuson
- Frank Robinsons: Idaho Entrepreneur
- 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.
Objective: 5.SS.3.1.2 Explain the concepts of tariffs, taxation, and embargo.
Objective: 5.SS.3.1.3 Describe the basic characteristics of a market.
- What is Competition?
- Competition Pizza
- How Global is Your Portfolio?
- Competition Works in Our Flavor
- Believe it or Not?
- Hawaiian Economics: Barter for Fish & Poi
- Old Toy - New Market
- 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.
- Economic Spotter: Trade in Colonial History
- Taxation without Representation?
- 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.
- What are Incentives?
- One Hen: How One Small Loan Made a Big Difference
- An Entreduction
- US History: Inventors & Entrepreneurs
- NOT your Grandma’s Lemonade Stand
- Inventive Incentive
- Economic Spotter: Inventors and Entrepreneurs in the Industrial Age
Objective: 5.SS.3.4.2 Explain the impact of taxation on personal finance.
- Who Pays for City Hall?
- Goods and Services: Some are Private, Some are Not
- Clean Land - Thanks to US!
- President Obama’s Allowance