3rd Grade Social Studies Unit 7

Big Idea:

Running a business in a community

Student Expectations:

Priority TEKS

3.7(C) [Readiness] Explain the concept of a free market as it relates to the U.S. free enterprise system.

Focus TEKS

3.6(A) [Readiness] Identify ways of earning, spending, saving, and donating money.

3.6(B) [Supporting] Create a simple budget that allocates money for spending, saving, and donating.

3.7(A) [Supporting] Define and identify examples of scarcity.

3.7(B) [Supporting] Explain the impact of scarcity on the production, distribution, and consumption of goods and services.

3.8(A) [Supporting] Identify examples of how a simple business operates.

3.8(B) [Supporting] Explain how supply and demand affect the price of a good or service.

3.8(C) [Supporting] Explain how the cost of production and selling price affect profits.

3.8(D) [Supporting] Explain how government regulations and taxes impact consumer costs

Ongoing TEKS

3.17(D) [Tools to Know] Use various parts of a source, including the table of contents, glossary, and index as well as keyword Internet searches, to locate information

3.17(E) [Ways to Show] Interpret and create visuals, including graphs, charts, tables, timelines, illustrations, and maps

3.17(F) [Tools to Know] Use appropriate mathematical skills to interpret social studies information such as maps and graphs

3.18(A) [Ways to Show] Express ideas orally based on knowledge and experiences

3.18(B) [Ways to Show] Use technology to create written and visual material such as stories, poems, pictures, maps, and graphic organizers to express ideas

3.18(C) [Tools to Know] Use standard grammar, spelling, sentence structure, and punctuation

3.19(A) [Tools to Know] Use a problem-solving process to identify a problem, gather information, list and consider options, consider advantages and disadvantages, choose and implement a solution, and evaluate the effectiveness of the solution

3.19(B) [Tools to Know] Use a decision-making process to identify a situation that requires a decision, gather information, identify options, predict consequences, and take action to implement a decision

Student Learning Targets:

• I will explain how supply and demand affect the price of a good or service.
• I will identify examples of how a simple business operates.
• I will explain the concept of a free market system.
• I will identify ways of earning, spending, saving, and donating money.
• I will write about the effects of scarcity on supply and demand.

Essential Questions:

• Where can you find examples in your community of the free enterprise system?
• What happens when a brand new toy becomes less popular?
• If you were going to start a business, what do you need to consider for it to be successful?

Extra Information:

Adopted Textbook: American Legacy, Studies Weekly

District Grading Policy

Texas Gateway Online Resource Center