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Economics Vocabulary & Activity Packet NO PREP!

Rated 4.88 out of 5, based on 121 reviews
4.9 (121 ratings)
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Grade Levels
3rd - 5th
Standards
Formats Included
  • PDF
Pages
10 pages
$3.00
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This material was used for an unit on economics. I was used to carry the lesson, it was very beneficial in carry the lesson out. I was pleased with the resources. My students were engaged and learned great information on economics.

Description

This activity packet can be used to introduce and review common economics concepts such as: scarcity, opportunity cost, goods, services, interdependence, profit, entrepreneur, consumer, and more. NO PREP! Just print and go!

Packet includes:
-- Economics Vocabulary Handout with definitions
-- Three (3) Vocabulary Practice Worksheets
-- Crafty Math: Calculating Profit Worksheet with kid-friendly examples
-- Business Problem-Solving Activity
-- Full-page Answer Keys for every activity

Kid-friendly activities include:
-- matching
-- fill-in-the-blank
-- math word problems (two-step calculation)
-- creative problem solving

This product relates to the following CCSS standard(s). Please note that this list may represent only a partial list of all standards and/or strands that apply.
CCSS.ELA-Literacy.SL.3.1 Engage effectively in a range of collaborative discussions (one-on-one, in groups, and teacher-led) with diverse partners on grade 3 topics and texts, building on others’ ideas and expressing their own clearly.
CCSS.ELA-Literacy.SL.4.1 Engage effectively in a range of collaborative discussions (one-on-one, in groups, and teacher-led) with diverse partners on grade 4 topics and texts, building on others’ ideas and expressing their own clearly.
CCSS.ELA-Literacy.RI.3.1 Ask and answer questions to demonstrate understanding of a text, referring explicitly to the text as the basis for the answers.
CCSS.ELA-Literacy.RI.3.2 Determine the main idea of a text; recount the key details and explain how they support the main idea.
CCSS.Math.Content.3.OA.A.3 Use multiplication and division within 100 to solve word problems in situations involving equal groups, arrays, and measurement quantities, e.g., by using drawings and equations with a symbol for the unknown number to represent the problem.1
CCSS.ELA-Literacy.RI.4.4 Determine the meaning of general academic and domain-specific words or phrases in a text relevant to a grade 4 topic or subject area.
CCSS.ELA-Literacy.RI.5.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 5 topic or subject area.
CCSS.Math.Content.4.OA.A.2 Multiply or divide to solve word problems involving multiplicative comparison, e.g., by using drawings and equations with a symbol for the unknown number to represent the problem, distinguishing multiplicative comparison from additive comparison.1
CCSS.Math.Content.4.OA.A.3 Solve multistep word problems posed with whole numbers and having whole-number answers using the four operations, including problems in which remainders must be interpreted. Represent these problems using equations with a letter standing for the unknown quantity. Assess the reasonableness of answers using mental computation and estimation strategies including rounding.

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Total Pages
10 pages
Answer Key
Included
Teaching Duration
30 minutes
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Standards

to see state-specific standards (only available in the US).
Use multiplication and division within 100 to solve word problems in situations involving equal groups, arrays, and measurement quantities, e.g., by using drawings and equations with a symbol for the unknown number to represent the problem.
Multiply or divide to solve word problems involving multiplicative comparison, e.g., by using drawings and equations with a symbol for the unknown number to represent the problem, distinguishing multiplicative comparison from additive comparison.
Solve multistep word problems posed with whole numbers and having whole-number answers using the four operations, including problems in which remainders must be interpreted. Represent these problems using equations with a letter standing for the unknown quantity. Assess the reasonableness of answers using mental computation and estimation strategies including rounding.
Ask and answer questions to demonstrate understanding of a text, referring explicitly to the text as the basis for the answers.
Determine the main idea of a text; recount the key details and explain how they support the main idea.

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