1st Grade Econ Unit Plan

1st uiaue 0nit Plan:
0nueistanuing Economic Activity

Cassey }ones
1
1st uiaue 0nit Plan: 0nueistanuing Economic Activity
1st uiaue 0nit Plan:
0nueistanuing Economic Activity
Table of Contents:
Title Page...................................................................................................................................................................................................................
Table of Contents...................................................................................................................................................................................................
0veiviewRational................................................................................................................................................................................................
K0BsI Can Statements.......................................................................................................................................................................................
vocabulaiy Lesson.................................................................................................................................................................................................
Lesson Two...............................................................................................................................................................................................................
Lesson Thiee............................................................................................................................................................................................................
Lesson Foui..............................................................................................................................................................................................................
Lesson Five...............................................................................................................................................................................................................
Lesson Six..................................................................................................................................................................................................................
Woiks Citeu..............................................................................................................................................................................................................
2
0veiview: This fiist giaue economics unit is compiiseu of six lessons that emphasize the uiaue Level Content Expectations
(uLCEs) 1-E1.u.1, 1-E1.u.2, anu 1-E1.u.S. It is intenueu to help stuuents unueistanu economic activity in a maiket economy.
Two lessons pei uLCE aie pioviueu.
Rationale: In this unit, stuuents will use the funuamental piinciples anu concepts of economics to bioauen theii
unueistanuing of economic activity. The stuuents will exploie topics such as piouuceis anu consumeis of goous anu seivices,
consumption of goous anu seivices, scaicity, anu choice. Exploiing the many ways the stuuent's family consumes goous anu
seivices exposes the stuuent to the eveiyuay encounteis they have with economics. These topics will be taught thiough
seveial thought-piovoking anu engaging activities.
S
!"#$ &'()*+, -+)
.(/)*+,0 -+) 12/3
4+)2/5*+2)
1-E1.u.1: Bistinguish between piouuceis anu consumeis of goous anu seivices.
62-7(+*+,
62-7(+*+,
62-7(+*+,
62-7(+*+,
8+(.52),2 &80 9+)2/7:-+) &90 ;<=
;2>(+7:/-:*(+ (?
"2-/+*+, &;<"0
1('-345-/@ A #-+
Stuuents will know that
B/()4'2/7 aie people who
make ,(()7 (foou, clothes,
etc.) oi pioviue 72/C*'27
(fiiefighteis, police, etc.).
#(+74>2/7 aie the people
who buy oi use those
goous anu seivices.
#(+74>2/7: People who
buy goous anu seivices.
!(()7: Things people
make oi giow.
D/()4'2/7: People who
make oi giow goous, oi
pioviue seivices.
E2/C*'27: Types of woik
people uo.
Stuuents will unueistanu
that theie is a uiffeience
between piouuceis anu
consumeis.
Stuuents will be given
images of both piouuceis
anu consumeis of goous
anu seivices to uistinguish
between using a T-chait.
They will cieate a T-chait
with piouuceis on one siue
anu consumeis on the
othei. They will glue oi
tape the images onto the
appiopiiately labeleu siue.
Consumeis
uoous
Piouuceis
Seivices
I can tell the uiffeience
between people who buy
anu people who make
goous anu seivices.
4
!"#$ &'()*+, -+)
.(/)*+,0 -+) 12/3
4+)2/5*+2)
1-E1.u.2: Besciibe ways in which families consume goous anu seivices.
8+(.52),2
8+(.52),2
8+(.52),2
8+(.52),2
8+(.52),2 &80 9+)2/7:-+) &90 ;<=
;2>(+7:/-:*(+ (?
"2-/+*+, &;<"0
1('-345-/@ A #-+
People 34@ anu sell things
within a community uaily.
People can be both
B/()4'2/7 anu
'(+74>2/7. Families
consume ,(()7 anu
72/C*'27 in many uiffeient
ways. Foi example, when
going to a iestauiant,
families B4/'F-72 the
seivice fiom the waitei
anu puichase the foou as a
goou. Families exchange
>(+2@ foi goous anu
seivices.
G4@: To exchange money
foi goous anu seivices.
#(+74>2/7: People who
!(()7: Things people
make oi giow.
H(+2@: A meuium of
exchange.
D/()4'2/7: People who
make oi giow goous, oi
pioviue seivices.
D4/'F-72: 0sing money to
E2/C*'27: Types of woik
people uo.
that theie aie uiffeient
ways foi families to
consume goous anu
seivices.
Stuuents will use theii
jouinal entiies fiom the
past five uays to iuentify
anu uesciibe thiee things
theii family uiu to consume
goous oi seivices.
Stuuents will uesciibe
these via uiawings.
Buy
Consumeis
uoous
Noney
Piouuceis
Puichase
Seivices
I can tell the ways that
families use goous anu
seivices.
S
!"#$ &'()*+, -+)
.(/)*+,0 -+) 12/3
4+)2/5*+2)
1-E1.u.S: 0sing examples, explain why people cannot have eveiything they want (scaicity) anu uesciibe how
people iesponu (choice).
97*+, 2I->B527J EK*55L $IB5-*+J 62-7(+*+,L ;27'/*32J 8+(.52),2
97*+, 2I->B527J EK*55L $IB5-*+J 62-7(+*+,L ;27'/*32J 8+(.52),2
97*+, 2I->B527J EK*55L $IB5-*+J 62-7(+*+,L ;27'/*32J 8+(.52),2
97*+, 2I->B527J EK*55L $IB5-*+J 62-7(+*+,L ;27'/*32J 8+(.52),2
8+(.52),2 &80 9+)2/7:-+) &90 ;<=
;2>(+7:/-:*(+ (?
"2-/+*+, &;<"0
1('-345-/@ A #-+
People have +22)7 anu
.-+:7. People cannot have
eveiything they want uue
to 7'-/'*:@. Scaicity
occuis because all goous
anu seivices aie limiteu.
Since people cannot have
eveiything they want, they
iesponu to scaicity by
making 'F(*'27. People
most often choose to buy
the things they neeu fiist
anu 7-C2 the iest of theii
money until they can
-??(/) to buy theii wants.
M??(/): To have enough
money to pay foi
something.
#F(*'27: Becisions we
make.
N22)7: Things we must
have to live.
E-C2: To not spenu; to
keep.
E'-/'*:@: Eveiything is
limiteu anu will eventually
iun out.
O-+:7: Things we like to
have, but uo not neeu to
live.
that people cannot have
eveiything they want,
which foices them to make
choices.
Stuuents will inuiviuually
wiite a shoit jouinal entiy
using examples fiom the
stations they visiteu in the
activity anu explain why
eveiyone was not able to
get all five of the items they
neeueu anu uesciibe how
they maue the choice of
which station to begin at.
Affoiu
Choices
Neeus
Save
Scaicity
Wants
I can tell why I have to
make choices between
things insteau of having
eveiything I want.
6
"277(+7= P(. .*55 @(4 :-K2 :F2>
.F2/2 :F2@ +22) :( ,(Q
A+7:/4':*(+-5 7:/-:2,*27RE('*-5
'(+7:/4':7= P(. .*55 :F2@ .(/KQ
627(4/'27 +22)2)= OF-: >-:2/*-57 -+)
/27(4/'27 .*55 :F2@ +22)Q
1-E1.u.S: 0sing examples, explain why
people cannot have eveiything they want
(scaicity) anu uesciibe how people
iesponu (choice).
D/2J:27:RM+:*'*B-:(/@ 72:=
Intiouuce the stuuents to the vocabulaiy
by biinging in iealia. Foi neeus, biing in a
bottle of watei anu a loaf of bieau. Foi
wants, biing in a laptop anu a stuffeu
animal uog. Foi save, biing in a
piggybank. Foi choices, biing two
uiffeience coloieu pieces of papei foi
each stuuent. The stuuents will pick a
coloi to latei use foi Foui Squaie
Peispectives. Foi scaicity, ieau the stoiy,
!"#$ &"' ()*
"277(+7=
;*/2': A+7:/4':*(+=
Teachei will begin lesson by intiouucing
vocabulaiy accoiuing to the sciipt, using
Naizano's Six Steps to Builuing Acauemic
vocabulaiy. The teachei will biing in
iealia to make lesson self-ielevant. The
teachei will begin with the iealia foi
neeus, wants, save, anu choices. The
intiouuction of these will enu with the
stoiy, !"#$ &"' (), to intiouuce scaicity.
A+7:/4':*(+-5 7:/-:2,*27RE('*-5
'(+7:/4':7:
Stuuents will woik in a laige gioup
uuiing the initial intiouuction of the
vocabulaiy woius. They will woik in
paiis as they complete the activity, Pack
Youi Suitcase. Stuuents will inuiviuually
uemonstiate theii unueistanuing of the
vocabulaiy in theii Foui Squaie
Peispectives booklet.
Stuuents will listen to the stoiy !"#$ &"'
(), then paiticipate in a whole class
uiscussion. The teachei will ask
questions* that ueepen the stuuents
unueistanuing of the stoiy. Recoiu class
answeis on chait papei.
+,-)$./"0$ /0 $1'/2.
627(4/'27 +22)2)=
vocabulaiy sciipt (A)
Bottle of watei
Loaf of bieau
Laptop
Stuffeu animal uog
Piggybank
Woiu wall
Bulletin Boaiu
Chait Papei
Two uiffeient coloi choices of

papei pei stuuent
List of items to biing on vacation

with pictuies
Laige pictuie of a suitcase foi

stuuents to glue pictuies onto
"I Bave, Who Bas." caius
The stoiy, !"#$ &"' () (B)

7
!4*)2) D/-':*'2=
Stuuents will be pioviueu with the
following scenaiio: 3"- 4') 5"/05 "0 4
6414./"0 ." 4 7)$)'.)7 /$8407* 3"- 4') "08#
498) ." 1:""$) ;/6) .:/05$ &'"< .:) 8/$. ."
9'/05 =/.: #"-> 9)14-$) .:) $241) /0 #"-'
$-/.14$) /$ 8/</.)7*
Stuuents will then woik in paiis to "pack
theii suitcase". Aftei they complete the
suitcase, each paii of paitneis will shaie
two items fiom theii suitcase, anu why
they pickeu those items, with the class.
Stuuents will be given a list of items, with
pictuies, with both neeus anu wants.
They will paii up anu ueciueu which
items they will biing anu why. Befoie
cutting out the items they will be
biinging, they must label each item as a
want oi a neeu. Stuuents will then cut anu
paste the images they chose to biing onto
a laige pictuie of a suitcase.
They will then engage in a laige gioup
uiscussion as they shaie two of theii
choices, anu why they chose those, with
the class.
List of items to biing on vacation

with pictuies (B)
Laige pictuie of a suitcase foi

stuuents to glue pictuies onto (B)
A+)2B2+)2+: D/-':*'2=
Stuuents will inuiviuually complete a
Foui Squaie Peispectives booklet fiom
the papei they chose at the beginning of
the lesson. Each woiu will have its own
page. In the centei of the papei, will be
an oval with the vocabulaiy woiu.
Aiounu the oval, will be a laige iectangle,
uiviueu into foui sections. In the top left
section, the stuuent will wiite a uefinition
foi the woiu in theii own woius. In the
top iight section, the stuuent will wiite
examples foi the vocabulaiy woiu. In the
bottom left section, the stuuent will uiaw
a pictuie to iepiesent the vocabulaiy
woiu. In the bottom iight section, the
stuuent will use the vocabulaiy woiu
appiopiiately in a sentence.
Stuuents will inuiviuually iecoiu theii
inteipietation of the vocabulaiy woius.
They will use the knowleuge they leaineu
fiom !"#$ &"' () anu fiom woiking with
theii paitnei on Pack Youi Suitcase.
Stuuents will tuin in Foui Squaie
Peispectives booklet foi assessment.
Two uiffeient coloi choices of

papei pei stuuent with Foui
Squaie Peispectives uiagiam (C)
Pencil, maikeis
8
627(4/'2 M=
M E'/*B: ?(/ 1('-345-/@ ;2C25(B>2+:
Teachei-talk: (Naizano's Step 0ne of Builuing Acauemic vocabulaiy: Teachei intiouuces the woiu)
N22)7=
Teachei-talk (Step 0ne):
Show stuuents watei bottle anu loaf of bieau. Beie we have foou anu watei. These aie two veiy impoitant items that
we cannot live without. Youi bouy neeus foou anu watei to suivive. Anything that you must have in oiuei to stay alive, is a
neeu. Can someone give me anothei example of a neeu. (Recoiu answeis on chait papei. If answei is not a neeu, wiite it on a
uiffeient piece of chait papei to ieview latei.)
O-+:7=
Show stuuents laptop anu stuffeu animal uog. I use my laptop 4 8".. In fact, I use my laptop eveiyuay. I also love my
uog anu take caie of anu play with him eveiyuay. I ieally enjoy having these two things. Bo you think my laptop anu my uog
help me suivive. (Allow stuuents time to iesponu.) I uo enjoy these things, but I uo not 0))7 them to suivive. These things
that I like to have, but uo not neeu, aie calleu wants. Can someone give me anothei example of a want. (Recoiu answeis on
chait papei. If answei is not a want, wiite it on a uiffeient piece of chait papei to ieview latei.)
E-C2=
Show stuuents piggybank. Boes anyone know what you'ie supposeu to put in a piggybank. (Allow time foi stuuents to
iesponu.) We keep money in a piggybank when we aie tiying to save it. Saving money is when you keep youi money anu
uon't spenu it. People save theii money to buy theii neeus anu wants. Can someone tell me anothei place you coulu save youi
money.
#F(*'27=
Pass out two uiffeient coloieu stacks of papei. We uon't have enough of both colois foi eveiyone to take the same
coloi, so you can only take one coloi of papei. You will have to choose between the two I am hanuing out. (Allow time to
uistiibute papei to stuuents.) Can someone tell me why you have to choose a coloi. (Allow time foi stuuents to iesponu.)

9
E'-/'*:@=
Theie aie lots of things I want, but I cannot have them all. Since I cannot have them all, I have to choose which things I
want most. (Reau !"#$ &"' ()*)
Scaicity means that theie is not enough of something to go aiounu. Can someone tell me an example of scaicity fiom
the stoiy. Bave you evei been in Scaicity's situation. What uiu you uo when you weie in that situation. What uiu Scaicity uo
about hei pioblem.
!"#$ & ' ()*+,*-. /01,#2*0 34015)+1678 94 10"*:*"*#; "<1" 1++4= ;"),#-"; "4 =46> =*"< "<# =46,;?
Imagine you aie going on a vacation to a ueseiteu islanu. You aie only able to choose five things fiom the list to biing
with you, because the space in youi suitcase is limiteu. You aie going to woik in paiis to select five items off of this list (B).
0nce you anu youi paitnei have agieeu upon five items, you will cut them out anu paste them onto the pictuie of the suitcase.
Befoie you cut out the items, I want you to label each one as eithei a neeu oi a want. 0nce youi suitcase is packeu, each paii of
paitneis will shaie with the class two of theii items anu why they pickeu those items.
!"#$ @ ' ()*+,*-. /01,#2*0 34015)+1678 A6*"# *- 74)6 4=- =46,; "<# 2#1-*-. 4B "<# :4015)+167 =46,?
!"#$ C ' ()*+,*-. /01,#2*0 34015)+1678 961= 1 $*0")6# 4B ;42#"<*-. "<1" ;<4=; 74) >-4= "<# 2#1-*-. 4B "<#
:4015)+167 =46,?
?.)2$ @ 407 A =/88 9) /01"'2"'4.)7 /0." "0) $/058) 41./6/.#*
You will all be cieating youi own Foui Squaie Peispectives booklet. Take out the coloieu piece of papei you chose at
the beginning of the lesson with the Foui Squaie Peispectives uiagiam on it. In the centei oval, wiite one of oui vocabulaiy
woius. In the top left coinei, wiite youi own uefinition of the woiu. In the bottom left coinei, uiaw a pictuie of symbol that
iepiesents the woiu. In the top iight coinei, give 2-S examples of the woiu. In the bottom iight coinei, use the woiu
appiopiiately in a sentence. (Bistiibute foui moie sheets pei stuuent foi the iemaining foui vocabulaiy woius.) 0nce you
have finisheu youi fiist woiu, cieate anothei foi the iemaining foui woius. When you aie finisheu, biing me youi pages anu I
will staple them togethei foi youi. (Collect booklets foi assessment.)
!"#$ D ' ()*+,*-. /01,#2*0 34015)+1678 E+17 .12#; =*"< "<# =46,; "<#7 16# +#16-*-.?
A P-C2L OF( P-7Q
Stuuents aie given a caiu with both a vocabulaiy woiu anu a uefinition to a uiffeient vocabulaiy woiu on it. A stuuent
begins by saying "Who has," anu ieauing the uefinition on theii caiu. The stuuent who has the caiu with the vocabulaiy woiu
1u
that matches the pieviously ieau uefinition says, "I have," anu then says the vocabulaiy woiu; then the stuuent says, "Who
has," anu ieaus the uefinition on theii caiu.
H47*'-5 #F-*/7
Stuuents may play musical chaiis to ieinfoice the iuea of scaicity. !:/$ /$ 0". 4 6"149-84'# 1)0.)')7 54<)> /. "08#
')/0&"'1)$ .:) 1"01)2. "& $14'1/.#*
627(4/'2 G=
11
12
1S
14
627(4/'2 #=
1S
627(4/'2 ;=
Reau the stoiy poem !"#$ &"' (), wiitten by C.B. Ciain. In the stoiy, Scaicity's mothei is only giving hei one piesent foi hei
biithuay anu foi Chiistmas. Scaicity uoes not believe this is faii. She wants "this ANB that", not "this 0R that". Scaicity leains
to make choices.
Reau the inteiactive veision at:
http:www.econeulink.oiginteiactivesEconEuLink-inteiactive-tool-playei.php.filename=em_stoiy.swf&liu=S17
16

1st Grade Econ Unit Plan

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1st uiaue 0nit Plan:

0nueistanuing Economic Activity

vocabulaiy sciipt (A)

Stuffeu animal uog

Two uiffeient coloi choices of

List of items to biing on vacation

Laige pictuie of a suitcase foi

"I Bave, Who Bas." caius

The stoiy, !"#$ &"' () (B)

List of items to biing on vacation

Laige pictuie of a suitcase foi

Two uiffeient coloi choices of

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