Lines of Inquiry:
- (Function) The role of economic systems; How does an economy work?
- (Responsibility) Economic decision making; What does it mean to make responsible economic decisions?
- (Reflection) Effect of economic decisions; How do economic decisions affect the community/world/people in different ways?
- Money (history of, how it is used, differences in money around the world)
- Spending, saving, budgets and debt
- Economic systems (markets, choices, costs/benefits, supply/demand, taxes, scarcity, and interdependence)
- Entrepreneurship (consumer/producer, goods/services, famous and local entrepreneurs)
Attitudes we hope to show during this inquiry; Commitment and Integrity
Transdisciplinary skills we will build on during this unit; Self-Management and Communication
Support at Home:
- Earning money for chores
- Opening a savings account or using a bank at home to calculate savings
- Creating budgets or working on grocery store lists together
- Shopping together at stores and counting out money, reviewing receipts, discussion about taxes (how they work), and becoming more reflective through making choices about spending
- Paying attention to labels and where things come from. Why? Discussion on trade and barter.
- Discussion on supply and demand...thinking about popular toys, clothing, or things they can relate to.