Economic Understanding
Age Level: Second Grade
Area: Social Studies and Mathematics
Learning Target:
Students will be able to explain that people usually use money to obtain the goods and services they want and explain how money makes trade easier than barter.
Procedure:
Note: This is an end of unit activity to allow students real life exposure to economic concepts they learned.
Age Level: Second Grade
Area: Social Studies and Mathematics
Learning Target:
Students will be able to explain that people usually use money to obtain the goods and services they want and explain how money makes trade easier than barter.
Procedure:
Note: This is an end of unit activity to allow students real life exposure to economic concepts they learned.
- Students are guided step-by-step through each of the business planning stages.
- They must decide whether they will provide a good or service, how much they will provide, the cost to make and how much to sell.
- Students must create an advertisement piece to better sell their good or service.
- Students will practice making change for items bought.
- Students will reflect on their plan, product, and items sold to determine what they think went well and what they wish they had done.