GRADE ONE ECONOMICS

FOCUS: SCHOOL AND NEIGHBORHOOD ENVIRONMENTS

Proficiency Statement and Indicators Students should be able to:

Explain how people work and use resources to fulfill their economic
needs and wants.

• Explore how people work to obtain goods and services (food, shelter,
  clothing, recreation, transportation, etc.).
• Explore the kinds of work that people do and how that work benefits their
  family and the community.
• Give examples of how people are producers and consumers.
• Give examples of work for which people receive and do not receive income.
• Identify ways that people spend money and suggest reasons why people save money.
• Suggest reasons why it is not possible for people to have all the things that they
  want (scarcity).

Sample Student Activities Students might:

• Cut out "paper dolls" ‘outlines of people and decorate the dolls to correspond
  to the jobs people do.
• Interview school personnel and family members and make a class book or folder
  about the work that people do.
• Make a chart showing goods and services produced and goods consumed.
• Establish a classroom mini-economy (See Resources Section.)
• Invite a bank employee to discuss savings accounts.
• Cut out ads or catalog pictures of items students might want to buy.
• Discuss reasons why some choices might be eliminated.

Grade two