Mini Economics Unit

I teach this unit in my third grade classroom each spring. We use textbooks, trade books, and the internet as our primary sources of information, but economics vocabulary is difficult to understand and remember. I created these resources to use throughout the unit to reinforce important vocabulary and concepts.

Includes:
1. Needs and Wants Sorting Cards (9 images)

2. Natural, Human, and Capital Resource Sorting Cards (15 images)

3. 52 vocabulary matching cards (26 words, 26 definitions)

4. Economics vocabulary maps (pictures to help remember the words and make connections)

5. ECONO game (bingo)

6. *BONUS UPDATE* CLOZE format vocabulary assessment

Vocabulary Covered:
economy
producer
consumer
profit
employee
goods
services
barter
budget
income
expense
opportunity cost
savings account
human resources
natural resources
capital resources
demand
supply
scarcity
factory
specialize
import
export
international trade
domestic trade
cooperate