SHOW-ME Economics

Grades K-4

Table of Contents

1.       Overview of Economic Content ……………………………………..……….……………………… i

2.       Copyright Restrictions ……………………………………………………………………………… ix

3.       Economic Education Curriculum Materials …………...………………………………...……..… 1

4.       Internet Resources for Economic Educations…………………………………………………… ..5

5.       Correlation of Sample Lessons with the Show-Me Standards …………………………………. 6

6.        Sample Economics Lessons K-2 ……….. ……………………………………………………… 14

Benchmark 1: Knowledge of economic concepts, being able to explain and use them when  interpreting current and historical events.

Scarcity

Scarcity Search ………………………………………………………...……………………………….. 14

Alligator Annie and the Scarcity Adventure ……………………………………………………….……15

If You Give a Mouse a Cookie …………………………………………………..……………….…….  21

Opportunity cost

Danny Chooses a Pet …………………………………………..………………………………….…… 24

Charlie’s Chocolate Mountain …………………………………..……………………………….…….. 29

Trade using money and bartering

His Barter is Worse than His Bite! ……………………………….……….…………………………..  34

Swap Day …………………………………………………………………..…………………….………  36

The Money Goes Round …………………………………………………………………..…….……..  38

Consumer, producer

An Interdependent Bunch …………………………………………………………...…………………. 42

The Goat in the Rug ………………………………………………………………...………………….. 45

Mr. Bear’s Chair …………………………………………………………………..…………………….  48

By Train, Truck, Plane, or Boat? ………………………………………………..…………………….  51

Natural, human, capital resources

Butter Business Bureau ……………………………………………………………..…………………. 53

No Bedtime Snack (from Gingerbread Man) …………………….………….……………………….. 69

The Goat in the Rug …………………………………………………………………..………………... 45

Benchmark 4: Knowledge of how to make decisions.

Economic decisions

Danny Chooses a Pet ……………………………………..….……………………………………….   24

The Bernstein Bears’ Trouble with Pets ……………………………………………………………..   70

Benchmark 5: Knowledge of how households, businesses, and governments are Interdependent.

Interdependence

No Bedtime Snack (from Ginger bread Man) …………………………………….………………….  82

7.       Sample Economic Lessons 3-4 ………………………………………..…………………..……..72

Benchmark 1: Knowledge of economic concepts, being able to explain and use them when interpreting current and historical events.

Scarcity

Everybody Wants Everything …………………………………………………………………………...72

Opportunity cost

To Choose is to Refuse ………………………………………………………………………………..  74

Trade using money and barter

Whoever Said, “Money Doesn’t Grow on Trees”? …………………………………………………..  82

Consumer, consumption, producer, and production

Workers Right and Left …………………………………………………………………………………  85

Supply and demand

Those Golden Jeans …………………………………………………………….……………………… 89

Natural, capital, and human resources

Pizza de Picasso …………………………………………………………………………….…..…….  96

Private goods and public goods

Create a Community ……………………………………………………...………………………….   119

Saving and investing

Why? How? Where? ……………………………………………………..…………………………… 124

Jeff’s Big Decision ……………………………………………………………………….……………. 136

Benchmark 2: Knowledge of how to interpret past, explain present, and predict future consequences of economic decisions.

Consequence of decisions

Past, Present, and Future …………………………………………………….……………………..  146

Benchmark 3: Knowledge of the existence and purpose of taxes, especially taxes students experience, such as sales tax.

Taxes

A taxing Situation………………………………………………………………..……………………  151

Benchmark 4: Knowledge of how to make decisions using cost-benefit analysis.

Cost benefit

Past, Present, Future…………………………………………………………….…………………..  146

Benchmark 5: Knowledge of how households, businesses, and governments are interdependent.

Interdependence

Show-Me Missouri……………………………………………………………………………………..  162

Show-Me Missouri Performance Event ……………………………………………………………... 170

8.       Economic Songs ……………………………………………..…………………………………….173

9. Glossary of Terms……………………………………………………………………………………177

10. Children’s Literature ……………………………………….……………………………………….180