Content: Framework for Economics of the Local Region: Choices, Costs, and Human Capital

History-Social Science Content Standards

Common Core State Standards

Economics of the Local Region: Choices, Costs, and Human Capital Students should continue developing their cost-benefit skills and recognize the importance of education in developing their human capital. Students learn to identify some important issues in their immediate community and may engage in an inquiry project or service-learning project related to one of these issues, in response to the question What issues are important to my community? Informed volunteers in community service or elected officials may be invited to describe some of the arguments on different sides of an important issue facing the community. Children’s literature such as Almost Zero by Nikki Grimes, A Chair for My Mother by Vera Williams, When Bees Fly Home by Andrea Cheng, and A Day’s Work by Eve Bunting, as well as informational books, are valuable resources for introducing and developing economic concepts.

Inquiry Question: What issues are important to my community?

Literacy:

What issues are important to my community?

• Interview local business owners to learn about the history of the business, how it has changed over time, and decisions he/she makes about the business.

• Classmates and teachers can pretend to be the city “Chamber of Commerce” that the will hear the proposal for a new business.