Grade 3 - Economics
Our Focus
During the third and fourth nine weeks, third graders will understand that people have choices in how they earn, spend, and save their money. People are motivated to pay for goods or services based on various factors such as quality, cost, convenience, and popularity. They will learn that profit is a measure of success and production cost should be less than the sales price. Students will see that there is a relationship between the market price of a product and its supply and demand in a free enterprise system.
Instructional Approach
Students will name ways they can earn, spend, save, and donate money. They will create a simple budget. Students will explain the impact scarcity has on the production, distribution, and consumption of goods and services.
Next, students will complete activities to understand how businesses operate in the U.S. free enterprise system. They will identify individuals, past and present, who have started new businesses. These individuals include Henry Ford, Mary Kay Ash, Wallace Amos, Milton Hershey, and Sam Walton.
To show their understanding of the free market system, students will write a business proposal to present to potential investors.
Family Support
You can help your child in several ways.
Grade 3 - Culture
Our Focus
During the fourth nine weeks, students will understand that customs, celebrations, and traditions are part of culture. Various cultural, regional and local groups have similar and different customs, celebrations and traditions. The contributions of people of various ethnic and cultural groups are part of our cultural heritage.
Instructional Approach
Students will compare different ethnic and cultural celebrations and explain the significance of these celebrations within the community. Third graders will understand the significance of various writers and artists to the cultural heritage of communities.
Finally, students will research a celebration, writer, or artist. They will write an informational article about their chosen topic.
Family Support
You can help your child in several ways.