Economics 4th/5th: Indicator #1

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Economics: Fourth and Fifth

Students will develop economic reasoning to understand the historical development and current status of economic principles, institutions, and processes needed to be effective citizens, consumers, and workers participating in local communities, the nation, and the world.

In the study of Maryland up to contemporary times and United States history through 1790, students are able to do everything required at earlier grades and are able to:

The Maryland State Department of Education has lesson plans that include activities that meet this indicator. You can go to the site by clicking:
http://mdk12.org/practices/support_success/mspap/exemplars/social_studies/4-5/nobakesale/index.html#match

The Maryland Council on Economic Education and the Maryland Geographic Alliance have developed a Internet site that covers many of the geographic and economics indicators using a literature based approach. The list of books is directly linked to grade level and to the MSPAP indicators. To find the site, go to: http://www.mcps.k12.md.us/curriculum/socialstd/Econ_Geog.html

A sample lesson plan that includes a literary basis using the book The Day they Left the Bay by Mick Blackistone can be found at: http://www.mcps.k12.md.us/curriculum/socialstd/grade4/Day_Bay.html
 

For Grade 5, a lesson plan based on Grandma Essie's Covered Wagon can be found at: http://www.mcps.k12.md.us/curriculum/socialstd/grade5/Grandma_Essie.html
 

A video series developed by the National Council on Economic Education called Econ and Me discusses the concepts of scarcity, opportunity cost, consumption, production and interdependence. As a consortium state, Maryland schools can purchase the video at reduced cost.  For more information on the video go to: http://store.yahoo.com/ncee/econandme.html
 

Another lesson plan based on the idea of production, goods and services with a literary flavor can be found at: http://ecedweb.unomaha.edu/litdough.htm
 

A lesson plan that introduces the key concepts of scarcity, production and goods and services using the book, If You Give a Mouse a Cookie: http://ecedweb.unomaha.edu/lessons/mouse.htm

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