Grade 4 Unit 5 Economics

West Haven Public Schools

Unit Planning Organizer

Subject:  Social Studies                                            

Grade:  4th

Unit 5:  Economics                                                    

Pacing:  May-June

Essential Question(s):

       1.  Why is money important to people?

       2.  What is the difference between needs and wants?

       3.  How can you buy something without using money? 

 Big Idea(s):

  1. People’s economic statuses determine what they buy, save, or invest in.
  2. People must prioritize needs vs. wants.
  3. People can exchange goods without involving/using money. (barter/trade)

CT State Standards (includes West Haven’s “Priority” GLES’s in BOLD and “Supporting” Standards)

Priority:

1.10-3:  Hypothesize how people use their personal resources to buy, save, or invest.

1.11-1:  Compare and contrast barter and cash exchanges.

Supporting:

1.10-1:  Explain that when we buy something we also give up something (opportunity cost).

1.10-2:  Explain the local exchange system.

1.13-1:  Compare and contrast contributions of different ethnic groups to the community and the     state (festivals, restaurants, casinos, museums).

 

 “Unwrapped” Concepts and Skills, and Bloom Levels (BL)

Concepts(Need to Know)

Skills(Able to Do)

BL

 

People’s economic status determines what they buy, save, or invest in

 

People must prioritize their needs vs. their wants.

 

 

 

 

People can exchange goods without involving or using money

 

 

 

 

Contributions of different ethnic groups to the community and the state (ie: festivals, restaurants, casinos, museums)

 

 

 

Explain how limited resources influence economic decisions

 

 

 

 

 

 

 

Compare and contrast barter and cash exchanges

 

 

 

 

Compare and contrast these contributions

 

2

 

 

 

 

 

 

 

 

3

 

 

 

 

 

3

 

 

Assessments

Common Formative Pre- Assessment (Followed by Data Team Analysis):

  1. What is an investment?
  2. What is the difference between “wants” and “needs”?
  3. How can we buy something without money?

“Dipsticks” (Informal Progress Monitoring Checks):

  1. 1 – 3 short-response questions
  2. Short Quizzes (True/False, Matching, Fill in Blank)
  3. Oral discussions
  4. Math Money Problems

Common Formative Post- Assessment (Followed by Data Team Analysis):

Instructional Planning

Suggested Resources/Materials:

Scott Foresman Leveled Readers Books on Economy

Scott Foresman Leveled Readers Books on Jamestown (covers barter, wants, needs)

Suggested Research-based Effective Instructional Strategies:

 

Vocabulary/Word Wall

Enrichment/Extension

Interdisciplinary Connections

barter

burgess

charter

colony

confederacy

consumer

cooperation

demand

economy

entrepreneur

globalization

goods

need

producer

services

share

supply

tax

want

 

Classroom Store (using tickets or play money)

 

Field Trip to People’s Bank

Use daily newspapers.  Read about our economy and other current events

Reading

Math

Writing

Spelling