Fifth Grade - Social Studies - Economics

In this unit, students are learning about economic concepts in an historical context.  

Learner Group:            18 Talented and Gifted Students in Pull-Out Model with Talented/Gifted Teacher

Time for Module:          4-5 day class periods of 75 minutes each 

Instructor's Role:          Facilitator

Formative Evaluation:   Three rubrics completed by teacher throughout the module

Summative

     Evaluation:             Rubric completed by teacher at the end of the module

Feedback:                  Teacher will give written feedback on each rubric 

Dimensions of  Flexibility

     Multiple means of representation, expression and engagement are provided in each section of the module

Essential Question:

How do the basic economics concepts of trade, opportunity cost and price incentives help us understand historical events as well as personal situations?

Georgia Performance Standard: 

The student will use the basic economic concepts of trade, opportunity cost, specialization, voluntary exchange, productivity, and price incentives to illustrate historical events. 

Student Syllabus

Learning Module Teaching and Assessment 

Students will complete three self-selected activities related to trade, opportunity cost, and price incentives.  Their performance will be assessed through use of rubrics which will be available to students prior to the starting the assignments.

At the end of the module, they will be asked to answer these three questions:

1.  Define the term "trade" and give at least one example from history.  If you choose, you may also include a personal example.

2.  Define the term" opportunity cost" and give at least one example from history.  If you choose, you may also include a personal example.

3.  Define the term "price incentives; and give at least one example from history.  if you choose, you may also include a personal example.