Economics Pine View Elementary 3 rd Grade

What is Economics? Providing services and making goods then selling them to fulfill wants and needs of people.

Explaining the Definition Services-things people do (babysitter, teacher) Goods- things people make (brownies, clothes) Wants- what you would like to have Needs- what you must have to survive

Important Values of Economics Hard Work – Always doing your best Accuracy – Not making silly mistakes High Standards – Your very best is always expected. Honesty – Always telling the truth. Reliability – Can you be counted on?

Things You Will Learn About Scarcity Wants Needs Making Goods Banks Saving and Spending Money Supply and Demand

World Economy The world works together to get things accomplished. Goods are made in with parts from all over the world.

Economic Websites to Check Out How Money is Made – Stock Market Game –

Books to Check Out! Real World Math – By: Donna Guthrie & Jan Styles Benji in Business – By: Jean Lueuwen

Your Job- The World Works Together Activity 1- World on a String – Make a list of the things you are wearing. Shirt, shorts or pants and sneakers. – With a partner look at the clothing labels. Where was each of your products made? – List these on a piece of notebook paper and we will put them on a class chart. Activity 2- Snickers Fun – Look at each ingredient on snickers bar and see which country each product comes from. – We will plot this on a world map.