Economics Unit Digital Only Distance Learning

Your students will learn about economics in this unit that includes an informational text and a unit test. Now you can take your learning digital using your Google Drive!

This unit includes digital options only. It includes a digital version of the student text with the reading questions that the students can complete online using Google Slides. The unit test comes a Google Forms version that is graded automatically.

If you would like a printable, paper-based unit that include a lapbook or interactive notebook option, check out my Economics Unit with Lapbook, or get the bundle with both printable and digital options.

This is a complete unit with informational text, anticipation guide with questions to guide their reading, and a unit test. It includes a digital version of the student text with the reading questions that the students can complete online using Google Slides. The unit test comes in a Google Forms version that is graded automatically.

This Economics Unit includes an informational text. This complex text will provide your students with information about needs and wants, goods and services, barter, trade, scarcity, imports and exports, producers and consumers, the characteristics of money, opportunity cost and economic choices. Also, students will learn about natural, human, and capital resources, saving money, and earning and paying interest. They will compare the characteristics of currency from the United States, Canada, Mexico, and the Caribbean.

The informational text is perfect for meeting your Common Core Reading Standards!! I wrote this unit because I couldn't find anything rigorous enough for my third-graders! All of the other economics units (and even our social studies textbook!) were too simple, and didn't meet the new demands of the Common Core for informational text. This text will provide your students with a complex, rigorous text, but the text features and other aspects will allow your third, fourth, and fifth grade students to be successful in reading and comprehending the information.

This unit specifically aligns with the Florida Next Generation Sunshine State Standards for 3rd grade social studies, but also aligns with many other state standards and grade levels.

Florida Sunshine State Standards

SS.3.E.1.1 : Give examples of how scarcity results in trade.

SS.3.E.1.2 : List the characteristics of money. (portable, divisible, recognizable, durable)

SS.3.E.1.3 : Recognize that buyers and sellers interact to exchange goods and services through the use of trade or money.

SS.3.E.1.4 : Distinguish between currencies used in the United States, Canada, Mexico, and the Caribbean.

SS.2.E.1.1 : Recognize that people make choices because of limited resources.

SS.2.E.1.2 : Recognize that people supply goods and services based on consumer demands.

SS.2.E.1.3 : Recognize that the United States trades with other nations to exchange goods and services.

SS.2.E.1.4 : Explain the personal benefits and costs involved in saving and spending.

National Standards in Economics

Standard 1: Productive resources are limited. Therefore, people cannot have all the goods and services they want; as a result, they must choose some things and give up others.

Benchmark 3, Grade 4: Goods are objects that can satisfy people’s wants.

Benchmark 4, Grade 4: Services are actions that can satisfy people’s wants.

Benchmark 8, Grade 4: People whose wants are satisfied by using goods and services are called consumers.

Standard 5: Voluntary exchange occurs only when all participating parties expect to gain. This is true for trade among individuals or organizations within a nation, and among individuals or organizations in different nations.

Benchmark 2, Grade 4: The oldest form of exchange is barter — the direct trading of goods and services between people.

Standard 11: Money makes it easier to trade, borrow, save, invest, and compare the value of goods and services.

Benchmark 2, Grade 4: Money makes trading easier by replacing barter with transactions involving currency, coins, or checks.

Standard 13: Income for most people is determined by the market value of the productive resources they sell. What workers earn depends, primarily, on the market value of what they produce and how productive they are.

Benchmark 2, Grade 4: People can earn income by exchanging their human resources (physical or mental work) for wages or salaries.

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