It is never too early for students to begin learning about economics. This primary economics unit guides students through topics such as the difference between wants & needs, goods & services, producers & consumers, choice, cost & benefit, saving & budgeting.
Most state standards provide students with an age-appropriate overview of key economic concepts. I've put together a comprehensive ready-to-go unit that includes both print and digital components to make this a great way to incorporate cross-curricular learning while covering the many different economics standards.
What's Included:
- Printable Poster Guides (can be displayed digitally)
- Student Fill in the Blank Booklet (corresponds with the posters)
- Student Mini Book (corresponds with posters)
- Wants & Needs PowerPoint
- Goods & Services PowerPoint
- Producers & Consumers PowerPoints
- Reading Passages
- Activities
- Graphic Organizers
- Scenario Cards (3 different sets)
- Assessment (EDITABLE)
Posters & Student Booklets
The posters can be printed, but can also be displayed digitally using a projector. The posters serve as a guide as they answer questions and provide examples. Students can follow along in the student booklets.
Topics Include:
- Wants & Needs
- Goods & Services
- Producers & Consumers
- Income
- Saving & Budgeting
- Choice
- Cost vs. Benefit
PowerPoints
This resource includes three separate PowerPoints. Each presentation provides picture examples and a statement explaining each one.
PowerPoints included:
- Wants & Needs
- Goods & Services
- Producers & Consumers
Reading Passages:
This resource includes two reading passages. Two differentiated levels are provided. Reading passages include "What is a Producer?" and "Consumer Rights and Responsibilities." Please note that informational text is often higher level due to vocabulary terms.
Scenario Cards:
This resource includes 3 sets of real-life scenario cards to help your students practice what they have learned.
Set 1 covers situations regarding saving and budgeting.
Set 2 covers situations of consumer rights and responsibilities.
Set 3 covers situations of wants and needs.
Activities & Graphic Organizers:
This resource includes center activities such as sorting pictures for producers & consumers, or goods & services. A wants vs. needs and personal savings plan is included. Students will also analyze the needs of a country, and will determine all the ways in which they are consumers each and every day.
Assessment:
I have included an assessment that is completely EDITABLE. This two-page assessment includes True/False, Multiple Choice, Short Answer, and making determinations concerning consumer rights. You can change, add, or delete any of the questions to better fit your student's needs.
