2nd Grade Common Core standards for Social Studies
2.E.1: Understand basic economic concepts.
2.E.1.4: Explain why people and countries around the world trade for goods and services.
Here's the explanation of what I do with these cards:
- Review the meaning of trading and bartering. Introduce the new words imports and exports. Explain that the conditions in some countries are better for producing certain goods than in other countries. Ask the students what we could do if there is a demand in the United States for a good that is only produced in another country. Introduce international trade and why we need it for our economy.
- Split students into five groups. Each group will be named a country: United States, Mexico, Japan, China, and Canada. Pass out a trading card to each student. The good on the card represents a top export of that country. They will choose another country to trade with. Not everyone in the group needs to trade with the same country.
- After trading, ask for reasons why they chose to trade with certain people. Discuss why China exports many toys and games (they produce toys and game for very cheap prices) and why Canada exports wood (many trees) and why Mexico exports vegetables, etc.