Economics Unit for Upper Elementary Students

This Economics Unit is the perfect addition to your social studies classroom! It includes fun economics activities that teach about personal finance and financial literacy.

• I use this unit to teach my fifth grade students. Since this can be a pretty complex topic, I have made it very student friendly. The lessons can be simplified for younger students or enhanced for older students.

This File Includes:

1. Unit Plan Suggestions for Print and Digital Versions
2. PowerPoint Lesson and Guided Notes
3. Five Interactive Google Slides™ Lessons for Distance Learning
4. Career Exploration Activity (print and digital)
5. Three Economics Vocabulary Pages (print and digital)
6. Economics Crossword Puzzle
7. Economics Centers (print and digital)
8. Economics Unit Test (print and digital)

Topics Included:

Lesson 1:

Basic Economic Concepts - specialization, capital goods, resources, division of labor

Lesson 2:

The function of households and private businesses in our economy

Lesson 3:

The function of the banking and the government sectors in our economy

Lesson 4:

Consumers, Producers, Supply, and Demand

Lesson 5:

A personal budget and how to spend money wisely

Economics Vocabulary:

1. Spending and Saving

2. Opportunity Cost

3. Comparison Shopping

4. Consumers and Businesses (employers, employees, entrepreneurs)

5. Productive Capacity

6. Resources

7. Technology

8. Capital Goods

9. Specialization

10. Division of Labor

11. Assembly Lines (includes "I Love Lucy" chocolate factory clip)

12. Supply, Demand, and Scarcity

13. Producers and Consumers

14. Competition

15. Taxes

16. The Purpose of Banks (savings, checking accounts, interest, loans)

17. The Four Sectors of our Economy

18. Fixed Expenses vs. Variable Expenses

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⭐️⭐️⭐️⭐️⭐️ Rebecca R. said, "I am so excited to use this to help introduce my classroom economy! This is the perfect way to integrate learning and implement my classroom management system. Thank you so much for all the different aspects of this product. You have thought of everything. The guided notes are a wonderful addition to help students learn note taking as well. "

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Do you want your students to Love ❤️ Learning Social Studies?

• Here is a blog post with 10 Strategies for Teaching Social Studies

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