Unit Planner: Economics

Submitted By: Nancy Vargas-Cisneros

EDEL 453: Teaching Elementary School Social Science
Nevada State College Spring 2014
Instructor: Karen Powell

EDEL 453 - Spring 2014 Karen Powell- Instructor

UNIT PLANNER: Economics Educated Submitted By: Nancy Vargas-Cisneros
Summary of Lesson Plan NV State Social Studies Objectives Notes
M
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This social studies lesson is for 3rd grade
students to learn to evaluate the opportunity
costs of choosing one product over another.
Making choices to decide what goods or
services to buy. This lesson uses the
Houghton Mifflin 3rd grade Social Studies
teacher edition textbook: Communities
(p.274-279).
E9.3.1 Identify needs as high priority
wants, and wants as goods, services,
or leisure activities.

-Print out Reading Skill worksheet:
Sequence pg. 77 TE

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This social studies lesson is for 3rd grade students
to learn about prices consumers pay when buying
goods or services. Students will learn the
relationship between supply and demand. Learning
the importance of free enterprise in the United
States and different kinds of producers. This lesson
uses the Houghton Mifflin 3rd grade Social Studies
teacher edition textbook: Communities (p.286-
289). Also, uses an activity on supply and demand
found:
http://www.totally3rdgrade.com/lesson_plan_sup
ply_demand.html

E9.3.2 Give examples of prices
consumers have paid when buying
goods and services.

Materials needed: tokens, prize for
each student in class (Ex: chocolate
kisses) and 3 index cards per student.

W
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This social studies lesson is for
3rd
grade students to
learn about what prices businesses give items to be
able to sell them. Students will do an activity that
lets them advertise their own item and come up
with price of their item as well. This lesson uses the
Integrating Language Arts and Social Studies
strategy 19: Currency as a Primary Source (p.137-
142)

E9.3.3 Give examples of prices set by
businesses for selling goods and
services.

Construction paper, color pencils and
markers.
T
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S
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This social studies lesson is for 3rd grade
students to learn to about earning an
income. Understanding of that the
amount of money received in exchange
for work or goods are an income. This
lesson uses the Houghton Mifflin 3rd
grade Social Studies teacher edition
textbook: Communities (p.266-269).

E9.3.4 Demonstrate an understanding
of income and give examples.

Print Reading Skill Strategy
worksheet (Compare and Contrast)
pg. 75
F
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This social studies lesson is for
3rd

grade students to learn about money
used in another country. This lesson
uses the Integrating Language Arts
and Social Studies strategy 22:
Currency as a Primary Source (p.157-
163)

E10.3.1 Identify forms of money used by
people across time and place.

Coins or paper currency from the
Unites States
Coins or paper currency from the
other country or countries.
Objects that students can pretend to
buy. (Erasers, pencils, paper, crayons
ect.)
Magnifying glasses for
students who want to
take a closer look at the
physical of the money.