Content Standard: Economics
B. Economic Systems of the United States
Students will understand the economic system of the United States, including its principles, development, and institutions.
Common Assessment(s):

Performance Indicators Students will be able to:	Essential Elements (Specific grade level learning objectives)			Suggested Performance Activities	Suggested Classroom Assessments	Vocabulary
1. Demonstrate knowledge of economic concepts of supply, demand, price, the role of money, and profit and loss.	Economic themes in history Boston Tea Party Gold Rush Industrial Revolution			The students will read pages 82-85 in the Silver Burdett Ginn text. They will learn the vocabulary through money-raising projects such as a plant sale, pencil machine, wreath sale, school store.	The students will define supply, demand, price, the role of money, and profit and loss.	supply demand profit and loss price