The Economy

$0.00

Introduce the concept of economics with our The Economy Lesson Plan.  This interactive lesson enables students to define economy, compare and contrast types of economies, and explain the difference between micro- and macroeconomics.  Engage students with practical application in the development of a game and build confidence as students share and play each other’s games.

The Economy Lesson Plan Includes:

  • Full Teacher Guidelines with Creative Teaching Ideas
  • Instructional Content Pages about Economy.
  • Hands-on homework activities giving students practice on determining the meaning and the types of the Economy.
  • Answer Keys
  • Common Core State Standards
  • Many Additional Links and Resources
  • Built for Grades 5-6 but can be adapted for other grade levels.

*Note: These lessons are PDF downloads. You will be directed to the download once you checkout. Clarendon Learning resources are FREE, we rely 100% on donations to operate our site. Thank you for your support!

Description

Introduce the concept of economics with our The Economy Lesson Plan.  This interactive lesson enables students to define economy, compare and contrast types of economies, and explain the difference between micro- and macroeconomics.  Engage students with practical application in the development of a game and build confidence as students share and play each other’s games.

Sample Classroom Procedure / Teacher Instruction

  1. Ask students why they believe things cost money and people have jobs.
  2. Allow for responses and discussion. Ask what they believe people did in the past when there were no coins or paper money to exchange.
  3. Allow for responses and discussion. Introduce The Economy.
  4. Distribute The Economy content pages. Read and review the information with the students. Help students recognize the difference between each type of economy. Save the final question for lesson closing. Use the additional resources to enhance understanding.
  5. Distribute Activity page. The game students create will vary, but it should take into account some of the concepts related to the economy. The entire game could be based on single concepts such as supply and demand, exports and imports, goods and services, etc.
  6. Read and review the instructions for the activity. Pair students. Give them access to the supplies you have gathered or those they brought in from home. Give students ample time to create the game and game board and other necessary components for the game.
  7. Once completed, the students will share their game with others in the class. Set aside one day for students to play each other’s games.
  8. Distribute Practice page. Check and review the students’ responses.
  9. Distribute the Homework page. The next day, check and review the students’ responses.
  10. In closing, ask: If you had a chance to begin your own country, what economy would you want to use and why?
  11. Allow for responses and direction. Tell students to give thoughtful and meaningful responses.
  12. Ask students if they believe the current economy is “good” or “bad” and why they believe so.
  13. Allow for responses and discussion or debate.

Common Core State Standards: CCSS.ELA-Literacy.RI.5.3 CCSS.ELA-Literacy.RI.5.4 CCSS.ELA-Literacy.RI.6.3 CCSS.ELA-Literacy.RI.6.4 CCSS.ELA-Literacy.RH.6-8.4

Class Sessions (45 minutes): At least 3 class sessions

Additional Resources:

Want more social studies resources? Check out our other Social Studies Lesson Plans!

Additional information

Grade Level

5th Grade, 6th Grade

Subject

Social Studies

Customer Reviews

Based on 1 reviews
5 ★
100% 
1
4 ★
0% 
0
3 ★
0% 
0
2 ★
0% 
0
1 ★
0% 
0
Write a Review
  • Reviews

Thank you for submitting a review!

Your input is very much appreciated. Share it with your friends so they can enjoy it too!

KF
12/01/2018
kim f.
US

economy

This product was excellent really helped me develop a lesson plan for my students. I love the Clarendon learning wants to help teacher with good quality resources.