Unit 3: The Role of Citizenship in Economics

RT3: Economics

2.RT3.PSa Define income and identify different ways to earn and save (EU1, CC1, CC2)

2.RT3.PSb Identify the difference between goods and services (EU1, CC3, CS2)

2.RT3.PSc Identify differences between producers and consumers (EU2, CC4, CS3)

2.RT3.PSd Explain how natural resources affect economic activities in the local community (EU3, CC5,6,7)

2.RT3.PSe Identify reasons people save (EU1, CS1)

Economics

·         Income
·         Goods v. Services
·         Producers v. Consumers
·         Natural Resources &Economic activity
·         Reasons people save money

Unit Overview

Through a lens of responsibility, students look at economics. The goal of this unit is for students to understand the differences between goods and services, producers and consumers, and the reasons people save. Economically responsible citizens understand income and the reasons people save.

1. Responsible citizens earn and save money to buy goods and services.

Performance Standards & State Standards

2.RT3.PSa Define income and identify different ways to earn and save (3.1.2)

2.RT3.PSb Identify the difference between goods and services (3.1.3)

2.RT3.PSe Identify reasons people save (3.4.1)

a. What is a good?

b. What is a service?

c. What are some occupations that earn money?

d. What are some of the things you and your classmates could do to earn income?

e. How/why would you make a decision whether to spend or save your income?

f. Why is it important to save money?

g. What could happen when people don’t save money?

Round Twenty Six- Goods and Services

Round Twenty Six/Eight- Saving Money

2. Producers and consumers have different characteristics.

Performance Standards & State Standards

2.RT3.PSc Identify differences between producers and consumers ( 3.1.4)

a. What is a producer?

b. What is a consumer?

c. What are the difference between a producer and a consumer?

d. What are some things that are produced in Idaho?

Round Twenty Eight- Thirty - Producer

3. The availability of natural resources can impact the local economy.

Performance Standards & State Standards

2.RT3.PS d Explain how natural resources affect economic activities in the local community (3.2.1)

a. What is a natural resource?

b. What are some natural resources that we have in Idaho?

c. How do we use our natural resources?

Round Thirty Two-Four in class Lesson Plans
The Idaho Forest: From Lumber Jacks to Laser saws, from the Idaho Forest Products Commission.

Thank you for the free resources and books! Mrs. Bond
Please check out their website www.idahoforest.org