Unit Name: _Economics
Big Idea
_
Benchmark: ______
Program of Studies – Skills/Concepts
Core Content Standards
(4.1)
BCPS
4th Grade Curriculum Map
Social Studies
1
Dates:_ Weeks 10-12______
Learning
Objectives
D
O
K
Critical Vocabulary
Economics
SS-04-3.1.1 Economic Decisions
The learner will be able to describe
scarcity and explain how scarcity
requires people in Kentucky to make
economic choices (e.g., use of
productive resources - natural, human,
capital) and incur opportunity costs.
SS-04-3.2.1 Profit, Risks
The learner will be able to explain how
profit motivates individuals/businesses
to take risks in producing goods and
services.
SS-04-3.3.1 Markets / Goods and
Service
The learner will be able to give
examples of markets; explain how they
function and how the prices of goods
and services are determined by supply
and demand.
SS-04-3.3.2 Competition, influence
The learner will be able to explain how
competition among buyers and sellers
influences the price of goods and
.
services in our state, nation and world
SS-04-3.4.1
Production/Distrib/Consump
The learner will be able to describe
production, distribution and
consumption of goods and services in
regions of Kentucky and the U.S.
SS-04-3.4.2 Terms / Specialization
The learner will be able to describe how
new knowledge, technology/tools and
specialization increases productivity
and promotes trade between regions of
Kentucky and the United States (e.g.,
Midwest - corn, South - citrus).
SS-04-3.4.3 Interdependence
The learner will be able to define
interdependence and give examples of
how people in our communities, states,
nation and world depend on each other
for goods and services.
BCPS
4th Grade Curriculum Map
Social Studies
SS-4-E-U-1
Students will understand that the basic economic problem confronting individuals
and groups in Kentucky today is scarcity; as a result of scarcity, economic
choices and decisions must be made.
SS-4-E-S-1
Students will develop an understanding of the nature of limited resources and
scarcity:
a)
use a variety of sources to research and give examples of productive
resources (e.g., natural, human, capital) found in regions of Kentucky
explain why individuals, groups, and businesses must make economic decisions
due to the scarcity of resources
SS-4-E-U-2
Students will understand that a variety of fundamental economic concepts
impact individuals and groups.
SS-4-E-S-1
Students will develop an understanding of the
nature of limited resources and scarcity:
a)
use a variety of sources to research and give examples of productive
resources (e.g., natural, human, capital) found in regions of Kentucky
explain why individuals, groups, and businesses must make economic decisions
due to the scarcity of resources
SS-4-E-S-1
Students will develop an understanding of the nature of limited resources and
scarcity:
investigate banks in Kentucky; explain and give examples of the roles banks
play (e.g., loan money, save money) in helping people deal with scarcity
SS-4-E-U-4
Students will understand that markets enable buyers and sellers to exchange
goods and services.
SS-4-E-S-1
Students will develop an understanding of the nature of limited resources and
scarcity:
investigate and give examples of markets (past and present); and explain how
goods and services were/are exchanged
SS-4-E-U-5
Students will understand that production and distribution of goods and services
have changed over time in Kentucky.
SS-4-E-S-2
Students will use a variety of sources to investigate and trace change over time
(e.g., draw, chart, map, timeline) in the production, distribution, and consumption
of goods and services (e.g., products made in Kentucky)
SS-4-E-U-6
Students will understand that individuals,
groups and businesses demonstrate
interdependence as they make economic
decisions about the use of resources (e.g.,
natural, human, capital) in the production,
distribution, and consumption of goods and
services.
SS-4-E-S-3
Students will investigate and give examples of specialization and explain how it
promotes trade between places and regions of the United States (e.g., Kentucky
imports and exports, Midwest exports corn, South exports citrus)
2
Relevant Vocabulary:
Scarcity
Economic Choices
Productive Resources
Capital
Opportunity Costs
Profit
Risks
Goods
Services
Markets
Supply and Demand
Distribution
Consumption
Specialization
Interdependence
Limited Resources
Imports and Exports
Assessment Information
ORQ 3.1.1
ORQ 3.2.1
ORQ 1 - 3.3.1
ORQ 2 - 3.3.1
ORQ 3.3.2
ORQ 3.4.1
ORQ 1 - 3.4.2
ORQ 2 - 3.4.2
BCPS
4th Grade Curriculum Map
Social Studies
Resources
Kentucky Department of Agriculture binder on
economics. See web site for specific lesson plans.
3
Curriculum Connections
Also covered during weeks 8, 9.