K-5: Economics
Information relating income, work, and economic concepts to individual career choice and money management
Learner Goal 1
Gain awareness of the relationship of money management skills to lifestyle.
Indicators
- Identify strategies for managing resources (for example: talents, time, money) to achieve goals.
- Demonstrate the ability to manage personal resources in the classroom.
- Identify the opportunity costs of any decision.
Learner Goal 2
Gain awareness of how work relates to the needs and functions of society.
Indicators
- Describe how work can satisfy personal needs.
- Describe the products and services of local employers.
- Describe ways in which work can help overcome social and economic problems.
Learner Goal 3
Gain awareness of the interrelationship of life roles.
Indicators
- Describe the various roles that an individual may have (for example: friend, student, worker, family member).
- Describe work-related activities in the home, community, and school.
- Describe how family members depend on one another, work together, and share responsibilities.
- Describe how one's work role complements one's family role.
Suggested Activities
- Infusion of activites into all curriculum areas
- Identification of needs and wants*
- Money-spending strategies
- Real or simulated savings or checking accounts*
- Mini-societies and/or token economies
- Partnerships with financial institutions
- Classroom corporations
- Cost-comparison activities
* This and other starred activities facilitate parental involvement.
