Economics Unit

Grade Levels
3rd
Resource Types
Product Rating
File Type
PDF (Acrobat) Document File
Be sure that you have an application to open this file type before downloading and/or purchasing.
9.47 MB   |   40 pages

PRODUCT DESCRIPTION

Economics: The Free Enterprise System (3rd Grade Social Studies Unit)

In this 2-4 week unit, students learn the basics of economics through interactive classroom simulations and engaging activities.

The unit is broken into 3 sections:

Part 1: Personal Finances
Students begin by imagining their life in the future as you travel to the newly discovered planet "Futura." Here, students must make choices about their home, vehicle, food, and fun and balance these wants and needs with the job they select. They will create a simple budget, learn about the importance of savings, and make some tough decisions in the process.

Part 2: The Free Enterprise System
Students will experience being both a producer and a consumer by working in groups to create and sell a real product in this simulation of the free market. Classmates will act as consumers to purchase the goods as they learn about supply and demand. Groups will then complete a reflection on their company including their expenses, profits, and pricing decisions.

Part 3: Entrepreneurs at Work
Students will learn about famous entrepreneurs and consider their contributions to the community. As a class or in small groups, students will research these individuals, gather information, and present their ideas to the class.

The Unit Includes:
* instructions for each lesson
* templates for students to use in each simulation
* graphic organizers, sorts, and foldables
* instruction pages for the "products" created
* resources and live links to information on the entrepreneurs
* ideas for read-alouds and videos

Entrepreneurs Included: Milton Hershey, Henry Ford, Bill Gates, Mary Kay Ash, Wallace Amos, and Sam Walton

*Extension Activities also included!

Click on the Preview to see specifics about the unit and a list of focus standards, as well as sample pages from the unit. The actual unit includes over 40 pages of resources and can easily be adapted to various curriculum timelines. Using the fact sheets and writing activities, this unit can also be integrated into your reading and writing work.

*Note About Standards: This unit is aligned to the TEKS (Texas Essential Knowledge and Skills). See the preview file for a full list of standards covered.

Focus Vocabulary: free enterprise system, supply and demand, producers and consumers, goods and services, wants and needs, budget, product, entrepreneur, profit

Thanks so much! I hope you found just what you needed!:)
Kady from The Teacher Trap

Don’t forget to CLICK THE STAR by my store name to FOLLOW! You’ll receive only one message a month and I’ll share special offers, new products, and updates!


Popular Social Studies:
*Heroes Change Communities Unit
*Communities Unit
*Social Studies Trading Cards
*Economics Unit


Popular Products:
*Positive Parent Communication Tools and Tips
*Editable Classroom Handbook
*Welcome Back Book
*Classroom Team Jobs


Popular Reading:
*Book Clubs Made Easy
*Author Study Made Easy
*Task Cards for Inferring Word Meaning with Character Traits and Feelings
*Reading Test Prep 101
*One Week to More Detailed Visualizing
*Dictionary Scavenger Hunts


Popular Math:
*Problem Solving Growing Bundle!
*
3rd Grade Math Review Stations
*Place Value Made Easy Unit

Total Pages
40
Answer Key
N/A
Teaching Duration
3 Weeks

Average Ratings

4.0
Overall Quality:
4.0
Accuracy:
4.0
Practicality:
4.0
Thoroughness:
4.0
Creativity:
4.0
Clarity:
4.0
Total:
417 ratings
COMMENTS AND RATINGS:
Please log in to post a question.
PRODUCT QUESTIONS AND ANSWERS:
$6.00
Digital Download
ADD ONE TO CART
User Rating: 4.0/4.0
 (4,532 Followers)
$6.00
Digital Download
ADD ONE TO CART
Economics Unit
Economics Unit
Economics Unit
Economics Unit
Teachers Pay Teachers

Teachers Pay Teachers is an online marketplace where teachers buy and sell original educational materials.

Learn More

Keep in Touch!

Sign up