This Economics Unit and Mini-Society packet covers Georgia Performance Standards:
SS3E1 The student will describe the four types of productive resources: a. Natural (land), b. Human (labor), c. Capital (capital goods), d. Entrepreneurship (used to create goods and services)
SS3E2 The student will explain that governments provide certain types of goods and services in a market economy and pay for these through taxes and will describe services such as schools, libraries, roads, police/fire protection, and military.
SS3E3 The student will give examples of interdependence and trade and will explain how voluntary exchange benefits both parties.
a. Describe the interdependence of consumers and producers of goods and services, b. Describe how goods and services are allocated by price in the marketplace, c. Explain that some things are made locally, some elsewhere in the country, and some in other countries, d. Explain that most countries create their own currency for use as money.
SS3E4 The student will describe the costs and benefits of personal spending and saving choices.
This resource is a 33-page customizable file that you can edit to fit your own needs!
Here is what is included:
*Productive Resources-Lesson Ideas & 3 activities
*Trade, Imports, and Exports-Lesson Ideas & 3 activities
*Budgets/Spending & Saving Choices-Lesson Ideas & 2 activities
*Mini Society Resources are also included:
-Remember, everything is editable!!!
-Letter home to parents
-Job Posting for Students to see available society jobs
-Classroom Signs for Ways to Earn $$ and Fines
-Desk Rent Notices
-Society Name/Money Design Sheet
-Town Name/Flag Design Sheet
-Product Design Sheet & Supplies Needed Sheet
-Market Survey Sheet
-Mini-Society Journal with 9 reflection questions
We use Mini Society as a way to teach our Economic concepts. If you are not familiar with Mini Society, it's basically a project to walk the kids through the concepts of Economics...build a society, start a business, earn money, pay taxes, sell products, and buy others' products. It's FUN, exciting, and a great learning model.