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. Explain the terms consumer and product.	Relating the terms consumer and product to their own lives.			The students will discuss lemonade stands or hot dog stands and how they make money, using the terms consumer and product (CD roms are good resources.) They will discuss why some products (toys or other goods) can be hard for consumers to get.	The students will write or tell the definition of a consumer and a product and give an example of each.	consumer product supply demand money barter trade