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History/Social Science Standard 1.6 |
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History/Social Science Standard 1.6 |
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Students understand basic economic concepts and the
role of individual choice in a free-market economy.
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The following is a list of some book titles that could be used to tie literature with the social studies standards. Other titles can be found in Literature for History-Social Science, Kindergarten Through Grade Eight, by the California Department of Education, 1993. Alexander Who Used to Be Rich Last Sunday, by Judith Viorst, Atheneum, 1980 This is the story of how Alexander and the dollar that his grandparents gave him are soon parted. He feels rich until it is quickly gone. Money, Money, Money, by Ruth Belov Gross, Scholastic, 1971 This book provides a brief history of barter and trade and the growth of these systems into a monetary system that includes metal coins, paper, and plastic. If You Made a Million, by David M. Schwartz, Lothrop, 1989 Beautiful illustrations and simple text introduce students to monetary concepts. See also Schwartz's earlier book, How Much Is a Milion? (1985) SCORE History-Social Science Resources
The Doorbell Rang. Hutchins,Pat.
Greenwillow,
Money, Money, Money.
On Market Street.
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Previously Published Data 1.) Students will participate in two class meetings to exchange items through trade or by exchanging money. 2.) Trade: Each student will be given a set of only one item, such as five new pencils, three small tablets, four tiny toy cars. (That is the item they have to trade with for other items.) Students will be challenged to think what they would do if they wanted something different than what hey had. for example, ask, "What would you do if you wanted one pencil, one eraser, and one tablet?" (Explain that in order to get something else, they must "trade" with someone who has it.) Students do not have to trade unless he or she wants the other item. After students have traded for something, they will discuss how a trade is made. What happens if someone does not want the item you have to trade? How is a "price" set? What if a trade cannot be made? 3.) Money: Students will be given the same set of items as used in the first class meeting. In addition, they will be given ten counters which will be used as money. Students must decide how many counters they will charge for one of their items. Students take turns exchanging items for money. All students need a chance to use money to buy or sell something. 4.) When both class meetings are completed, students will compare exchanging through trade or using money. Responses will be recorded on chart paper. |
Students explain one or more ways in which money is used to buy things at school. Previously Published Data Expectations: 1.) Note how well students understand the differences and similarities of exchange through trade or use of money. 2.) Ask students what they think happens when people trade freely? What would happen if someone made them trade? Have each student write or dictate a brief reflection on their exchange class meetings.
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