Subject:

Bath School Department 2003
Content Area: Social Studies
Grade 5

Content Standard: Economics
A. Personal and Consumer Economics
Students will understand that economic decisions are based on the availability of resources and the costs and benefits of choices.
Common Assessment(s): LAD Selling Strategies (modify math portion)

Performance Indicators
Students will be able to:
Essential Elements
(Specific grade level learning objectives) Suggested Performance Activities
Suggested Classroom Assessments Vocabulary

1. Analyze how scarcity affects individuals' decisions about production and consumption of goods and services.

How decisions are based on availability of goods and services (ex: use of car when gas price is high)

The students will relate shortages of Christmas toys: Elmo, Cabbage Patch. They will invent and advertise the next "big" toy.
They will use literature connections on the Internet: Real McCoy, Homer Price, Sarah Plain and Tall.

.

scarcity

2. Identify and analyze the factors that contribute to personal spending and savings decisions.

Needs vs. wants

Why do I want all this stuff???

The students will create ads that reflect advertising techniques.
They will create collages of advertising techniques.

.

3. Use an example to show how incentives affect economic decisions (e.g., tax deferred savings plans, a fast food restaurant's discount promotion).

Incentives as they occur throughout school years (ex., advertising, incentives in fund raisers)

The students will hear guest speakers.
They will participate in a restaurant unit.
They will participates in simulations: Effect of economics on everyday life, Exchange City.

???

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Performance Indicators Students will be able to:	Essential Elements (Specific grade level learning objectives)	Suggested Performance Activities	Suggested Classroom Assessments	Vocabulary
1. Analyze how scarcity affects individuals' decisions about production and consumption of goods and services.	How decisions are based on availability of goods and services (ex: use of car when gas price is high)	The students will relate shortages of Christmas toys: Elmo, Cabbage Patch. They will invent and advertise the next "big" toy. They will use literature connections on the Internet: Real McCoy, Homer Price, Sarah Plain and Tall.	.	scarcity
2. Identify and analyze the factors that contribute to personal spending and savings decisions.	Needs vs. wants	Why do I want all this stuff???	The students will create ads that reflect advertising techniques. They will create collages of advertising techniques.	.
3. Use an example to show how incentives affect economic decisions (e.g., tax deferred savings plans, a fast food restaurant's discount promotion).	Incentives as they occur throughout school years (ex., advertising, incentives in fund raisers)	The students will hear guest speakers. They will participate in a restaurant unit. They will participates in simulations: Effect of economics on everyday life, Exchange City.	???	.