This is a full Economics Unit. It takes a teacher step by step throughout the entire unit. All materials are included. It takes approximately 4-5 weeks but can be extended longer or cut shorter. It is based off of using PBL, Problem Based Learning. PBL is a student centered learning model in which students work on a project for an extended period of time. It helps students gain life skills in problem solving, investigating, financial literacy and engages them in challenges. It integrates math, social studies, ELA and writing.
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Included in this Unit:
Class Economy System to use throughout the unit
Needs and Wants Lessons
Producer and Consumer Lesson
Supply and Demand Lesson
Limited Resources Lesson
Farm to Table Lessons
Rubric for the Final Project
Some answer keys
29 Page Narrative Story that teaches Financial Literacy that goes with the "Building Your Own Business"
How to start a small business and be a Kid Entrepreneur (This includes a new business packet that is 27 pages with all the information that they need to start their new business. It can all be done in class)
Reviews from trusted teachers:
"My kiddos went crazy for this unit! Absolutely one of the best things I've brought
into my classroom!" -- Teaching with Technology
"I love how detailed this unit is! I am using it to help supplement what our textbook
does not already provide. I can't wait to do the final marketplace project!" -
The following Social Studies standards were used to design the lessons:
2.4 Students understand basic economic concepts and their individual roles in the economy and demonstrate basic economic reasoning skills.
1. Describe food production and consumption long ago and today, including the roles of farmers, processors, distributors, weather, and land and water resources.
2. Understand the role and interdependence of buyers (consumers) and sellers (producers) of goods and services.
3. Understand how limits on resources affect production and consumption (what to produce and what to consume).
(Lots of additional Math and ELA standards are met throughout the unit as well)