Economics Mini Unit: Goods, Services, Supply, Demand, Budget, Producer, Consumer

Economics: A Mini Unit (also great for sub plans)

Start this mini-unit off with 7 full-page vocabulary posters: Goods, Services, Consumer, Producer, Supply, Demand & Budget

• Allow students to practice writing their definitions in their journals with easy to cut-and-paste vocab flaps. Then, they can brainstorm and write examples for each!
• Spend some time practicing differentiating between spending, saving, earning & donating with 3 practice sheets.
• Students can plan a monthly budget with *challenges*
• Introduce and practice supply & demand with front/back worksheets
• Practice determining profits with a front/back worksheet
• Read all about innovations and entrepreneurs with the passage Henry Ford
  • Follow up with reading response practicing new vocab!

• Follow a product from producer to consumer with the passage From Farm to Table, a passage all about how sugar is made!
  • check for understanding with the included open-ended reading response!

• Learn all about scarcity with paired passages The Great Toilet Paper Shortage and The Infant Formula Shortage
  • check for understanding with the included open-ended reading response!

• Conclude this mini-unit with a front/back economics formative assessment!
• Rest easy knowing KEYS are included for EVERYTHING

Based off TEKS §113.13.b 6A, 6B, 7A, 7B, 7C (2nd Grade)

Based off TEKS §113.14.b 5A, 5B, 6A, 6B, 6C, 6D (3rd Grade)

d