Economics Unit
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What educators are saying
Description
Looking for a comprehensive, print 'n go Economics Unit that meets standards AND engages students? You've found it!
This unit has everything you need to fully teach your economics standards with ease!
The informational texts and activities in this unit were created to align with standards throughout the country while creating an engaging experience for students.
How is this unit arranged?
Each lesson contains an informational text, a vocabulary spotlight foldable activity, a 'review and discuss' activity, a comprehension check, and an answer key.
Additionally, some lessons contain extra elements, such as matching activities, budget practice, real-life scenarios, and more.
Contents of this resource:
Why do we pay taxes?
Vocabulary: taxes, federal taxes, state taxes, local taxes, income taxes, property taxes, sales tax
The U.S. Economy Today
Vocabulary: economy, producers, consumers, earning a living, income, free enterprise system, competition, consumer protection laws
Economics in American History
Vocabulary: barter, currency, agriculture, manufacturing, stock market, stocks, economic recovery
Types of Resources
Vocabulary: natural resources, renewable resources, nonrenewable resources, human resources, specialize, capital resources, scarce
Supply and Demand
Vocabulary: supply, demand, scarcity
Needs vs. Wants
Vocabulary: needs, wants, benefit, cost, cost-benefit analysis, opportunity cost
How do we use money?
Vocabulary: earning money, saving money, interest, capital, donation, charity, spending money, goods, services
Global Trade & Interdependence
Vocabulary: economy, national economy, global economy, imports, exports, Columbian Exchange, global interdependence
Financial Decision-Making
Vocabulary: income, credit, paying interest, earning interest, debt, investing, inflation, deflation
Setting Personal Financial Goals
Vocabulary: financial goals, expenses, budget
Careers in Accounting & Finance - Informational text and fact file activity
Economics Unit Project - Includes teacher instructions, student instructions, parent letter, business plan template, grading sheet, and example project
Economics Team Trivia - Includes teacher instructions, trivia questions with answers, score sheet, and team trivia cards
Economics Study Guide & Quiz (Includes Answer Keys)
Before posting this unit, I submitted this file to other teachers in a peer-review process. Here are a few of their comments:
* This is a fantastic unit that introduces economics to students (possibly) for the first time. It is a comprehensive unit that goes over fundamental topics such as taxes, supply and demand, resources, and personal finances. The material is tailored just enough to the perspective of an upper elementary/middle school student without losing any substance. - Kate M. from Pennsylvania
* This is a great unit with comprehensive information on economics, step-by-step tools for dissecting the text for understanding, and engaging real-life scenarios to analyze. - Leslie M. from Illinois
* The information in this unit is incredibly thorough with lots of examples that make sense to kids. Each economics lesson is followed by a vocabulary activity and a review that requires analysis. The information is presented in a systematic format that flows easily from one topic to the next. - Jenifer P. from Montana
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