Unit 3 Economics/Financial Literacy |
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Teacher Notes/Third Grade Home
MSDE 4.A.1.a MSDE 4.A.2.a MSDE 4.A.2.c MSDE 4.A.2.d MSDE 4.A.3.a MSDE 4.A.3.b
MSDE 4.B.1.b MSDE 4.B.2.a MSDE 4.B.3.a
I Can Statements/ Essential Questions | Teacher Resources | Student Resources |
MSDE 4.A.1.a Explain why people must make economic choices. CCSS.ELA-Literacy.RI.3.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic. |
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I can make economic decisions based on
needs, scarcity, and budget. I can differentiate between wants and needs in order to make smart economic decisions. Essential Questions: How do we make economic choices? |
![]() (You Tube/Economic Education) ![]() Students follow along and use the textbook to understand opportunity cost. ![]() What is economy? (PowerPoint) Bartering Game - Students try to trade and see if they will survive in an economy without currency. ![]() ![]() (You Tube/Schoolhouse Rocks) ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) |
![]() (PebbleGo) (Note: If the link does not work, login to aacps.pebblego.com) ![]() (PebbleGo) (Note: If the link does not work, login to aacps.pebblego.com) ![]() ![]() ![]() ![]() |
MSDE 4.A.2.a Identify the natural, human, and capital resources
needed to produce goods. Explain how producers make choices because
of limited natural, human, and capital resources. CCSS.ELA-Literacy.RI.3.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic. CCSS.ELA-Literacy W.3.2 Write informative/ explanatory texts to examine a topic and convey ideas and information clearly. |
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I can
discriminate between natural, human, and capital resources needed to
produce goods. I can explain how producers make choices because of scarcity of resources. Essential Questions: What resources are necessary to produce goods? |
![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) |
![]() ![]() Students will sort resources based on industry. ![]() ![]() What goods and services support the economy in your city or state? Create an economy flag by adding four goods created and four services provided in your state. Use this EconomySite to research ideas. |
I can
explain how producers make choices by examining the quanity and
quality of natural, human, and capital resources. Essential Questions: How and why do producers make choices because of limited natural, human, and capital resources? |
![]() ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) |
![]() ![]() (PebbleGo) (Note: If the link does not work, login to aacps.pebblego.com) |
MSDE 4.A.2.c Describe steps in the
production process to produce a product. CCSS ELA-Literacy RI.3.3 Describe the relationship between a series of historical events, scientific ideas or concepts, or steps in technical procedures in a text, using language that to time, sequence, and cause/effect. |
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I can describe the steps in the
production of a product by explaining the process. I can describe the relationship between technical steps in the production of a good. Essential Questions: How are products made? What resources are needed to create a product? |
![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) |
![]() ![]() This Smart Notebook shows several diagrams and pictures of production of various goods. It asks the students to create thinking maps and summarize the processes. Optional: Use Office365 or GoogleDrive or Pixie to create thinking maps. ![]() ![]() This Smart Notebook shows how orange juice, shirts, and pencils are made. The final slide asks students to create a ![]() ![]() |
MSDE 4.A.2.d Explain how specialized work results in increased
production. CCSS.ELA-Literacy W.3.2 Write informative/ explanatory texts to examine a topic and convey ideas and information clearly. |
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I can explain how specialization helps
increase production of a product. I can describe how specialization and interdependence are related. Essential Questions: How are specialization and interdependence related? |
![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) |
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MSDE 4.A.3.a Describe how technology has
affected the lives of consumers, such as UPC bar codes and online
shopping. CCSS.ELA-Literacy.RI.3.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic. |
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I can decribe how technology has affected
the lives of consumers by explaining UPC bar codes and online
shopping. I can describe the positive and negative impacts of technology on consumerism. Essential Questions: How has technology affected the production of goods and services and how does that affect me as a consumer? |
![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() Information on shopping trends impacts by technology: UPC codes, loyalty cards, ec. |
![]() Read the book, "The Real McCoy" by Wendy Towle and use this teacher's guide to help students understand how Elijah McCoy's technology impacted the lives of producers and consumers. Then have students use ![]() ![]() This online lesson teaches students that new inventions have changed the way we live and work. Students can use this Excel Spreadsheet Inventions Bring Change (Share through Office365 or Google Forms) or this ![]() |
MSDE 4.A.3.b Describe how technology has affected the lives of
producers, such as robot-powered assembly lines. CCSS.ELA-Literacy.RI.3.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic. |
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I can
describe how technology has affected the lives of producers by
examining the differences between old and new processes in
production. I can describe how technological advances, such as robot-powered assembly lines, have impacted producers and consumers. Essential Questions: How has technology affected the production of goods and services and how does that affect me as a consumer? |
![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) |
![]() ![]() Students will write about how these 4 technology items have positively impacted the lives of producers and consumers. |
MSDE 4.B.1.b Describe how countries around the world trade in
the global market. CCSS.ELA-Literacy W.3.2 Write informative/ explanatory texts to examine a topic and convey ideas and information clearly. |
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I can describe how trading with other countries serve the needs of
my community by reading text on international trade, and
understanding items needed for production. Essential Questions: How does trade with other countries serve the needs of my community? |
![]() ![]() |
![]() ![]() ![]() ![]() Discovery Education **Begin video at 6:01 minutes (Note: If the link does not work, login to aacps.discoveryeducation.com) |
MSDE 4.B.2.a Classify goods and services according to who
produces them: the government, business, or both. CCSS.ELA-Literacy.SL.3.6 Speak in complete sentences when appropriate to task and situation in order to provide requested detail or clarification. |
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I can
describe the differences between goods and services produced by the
government, business, or both. Essential Questions: How do goods and services meet our economic wants and needs? |
![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) ![]() |
![]() (PebbleGo) (Note: If the link does not work, login to aacps.pebblego.com) Goods and Services Match Pebble Go Game |
MSDE 4.B.3.a Develop a budget indicating income and expenses. CCSS.ELA-Literacy.RI.3.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic. |
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I can
develop a budget by indicating income and expenses. Essential Questions: How do we obtain money and use it to get the things that we need and want? |
![]() ![]() Discovery Education (Note: If the link does not work, login to aacps.discoveryeducation.com) |
![]() This PDF shows students how a budget works and has a printable to practice. Tech option: have students re-create the budget in Excel through Office365 or in GoogleDrive. ![]() This Scholastic Site Allows students to read about income and expenses along with creating a budget of monthly expenses. ![]() Good to use as a guide to have students create a budget spreadsheet in computer lab or in Office365. ![]() ![]() This Smart Notebook guides students through making good economic choices. Uses circle graphs and percentages o talk about saving and spending. |
Website/Activity | Content Standards/Technology Standards |
Using
Play-Doh to Teach Economic Concepts (You Tube/Economic Education) Perfect Pet Toys for Me $7.50 Once A Week (You Tube/Schoolhouse Rocks) Satisfying Wants What Are Needs? ![]() Students follow along and use the textbook to understand opportunity cost. ![]() ![]() ![]() ![]() Needs and Wants Needs and Wants People Work To Earn Money Making Choices (PebbleGo) Scarcity (PebbleGo) |
MSDE 4.A.1.a
Explain why people must make economic choices. CCSS.ELA-Literacy.RI.3.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic. |
Technology Standard: 3.0-Technology for Learning and Collaboration: Students will use a variety of technologies for learning and collaboration. | |
Three
Types of Resources Factors of Production The High Cost of Demand Determining What to Produce How We Make Ice Cream Scarcity ![]() ![]() What goods and services support the economy in your city or state? Create an economy flag by adding four goods created and four services provided in your state. |
MSDE 4.A.2.a Identify the natural, human, and capital resources
needed to produce goods. Explain how producers make choices because
of limited natural, human, and capital resources. CCSS.ELA-Literacy.RI.3.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic. CCSS.ELA-Literacy W.3.2 Write informative/ explanatory texts to examine a topic and convey ideas and information clearly. |
Technology Standard: 3.0-Technology for Learning and Collaboration: Students will use a variety of technologies for learning and collaboration. | |
The
Process of Producing Turning Milk into Gold The Bessemer Process ![]() ![]() This Smart Notebook shows several diagrams and pictures of production of various goods. It asks the students to create thinking maps and summarize the processes. Optional: Use Office365 or GoogleDrive or Pixie to create thinking maps. ![]() ![]() This Smart Notebook shows how orange juice, shirts, and pencils are made. The final slide asks students to create a ![]() ![]() |
MSDE 4.A.2.c Describe steps in the
production process to produce a product. CCSS ELA-Literacy RI.3.3 Describe the relationship between a series of historical events, scientific ideas or concepts, or steps in technical procedures in a text, using language that to time, sequence, and cause/effect. |
Technology Standard: 3.0-Technology for Learning and Collaboration: Students will use a variety of technologies for learning and collaboration. | |
We
Specialize Benefits of Specialization The Bessemer Process ![]() |
MSDE 4.A.2.d Explain how specialized work results in increased
production. CCSS.ELA-Literacy W.3.2 Write informative/ explanatory texts to examine a topic and convey ideas and information clearly. |
Technology Standard: 3.0-Technology for Learning and Collaboration: Students will use a variety of technologies for learning and collaboration. | |
Henry
Ford![]() Read the book, "The Real McCoy" by Wendy Towle and use this teacher's guide to help students understand how Elijah McCoy's technology impacted the lives of producers and consumers. Then have students use ![]() ![]() This online lesson teaches students that new inventions have changed the way we live and work. Students can use this Excel Spreadsheet Inventions Bring Change (Share through Office365 or Google Forms) or this ![]() |
MSDE 4.A.3.a Describe how technology has
affected the lives of consumers, such as UPC bar codes and online
shopping. CCSS.ELA-Literacy.RI.3.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic. |
Technology Standard: 3.0-Technology for Learning and Collaboration: Students will use a variety of technologies for learning and collaboration. | |
Henry
Ford![]() ![]() Students will write about how these 4 technology items have positively impacted the lives of producers and consumers. |
MSDE 4.A.3.b Describe how technology has affected the lives of
producers, such as robot-powered assembly lines. CCSS.ELA-Literacy.RI.3.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic. |
Technology Standard: 3.0-Technology for Learning and Collaboration: Students will use a variety of technologies for learning and collaboration. | |
Interactive World Exports Map Trade, Exchange and Interdependence How To Make An Apple Pie and See The World ![]() ![]() |
MSDE 4.B.1.b Describe how countries around the world trade in
the global market. CCSS.ELA-Literacy W.3.2 Write informative/ explanatory texts to examine a topic and convey ideas and information clearly. |
Technology Standard: 3.0-Technology for Learning and Collaboration: Students will use a variety of technologies for learning and collaboration. | |
Results
of Producing Public Service Workers Private Service Workers Goods and Services Trade, Transportation and Government Goods and Services Goods and Services Match |
MSDE 4.B.2.a Classify goods and services according to who
produces them: the government, business, or both. CCSS.ELA-Literacy.SL.3.6 Speak in complete sentences when appropriate to task and situation in order to provide requested detail or clarification. |
Technology Standard: 3.0-Technology for Learning and Collaboration: Students will use a variety of technologies for learning and collaboration. | |
![]() ![]() This PDF shows students how a budget works and has a printable to practice. Tech option: have students re-create the budget in Excel through Office365 or in GoogleDrive. ![]() Good to use as a guide to have students create a budget spreadsheet in computer lab or in Office365. ![]() ![]() This Smart Notebook guides students through making good economic choices. Uses circle graphs and percentages o talk about saving and spending. |
MSDE 4.B.3.a Develop a budget indicating income and expenses. CCSS.ELA-Literacy.RI.3.4 Determine the meaning of general academic and domain-specific words and phrases in a text relevant to a grade 3 topic. |
Technology Standard: 3.0-Technology for Learning and Collaboration: Students will use a variety of technologies for learning and collaboration. |
Updated August 2016 /Social Studies Curriculum Guides 2014
AACPS Office of Instructional Technology