ECONOMICS ALL-INCLUSIVE UNIT PLAN: 4TH/5TH GRADE

This 4th/5th grade economics unit was designed to introduce students to basic vocabulary and a general understanding of supply and demand principles in economics. The unit can start by defining key terms such as supply (the amount of goods or services available) and demand (the desire and ability to purchase goods or services). Students can explore how supply and demand interact to determine prices, using simple examples like a lemonade stand or a classroom market. Activities can include role-playing scenarios where students act as buyers and sellers, graphing supply and demand curves, and discussing real-world examples of how changes in supply and demand affect prices and availability of goods and services. This unit can lay a foundation for future learning about economic concepts and help students develop critical thinking skills related to decision-making and resource allocation.

This ready to use resource includes:

1. Economics vocabulary
2. Understanding of imports/exports
3. Barter & trading cards
4. Supply & demand explanations
5. Using the Lorax to teach general economic ideas
6. Essay assignment: detailed assignment with corresponding rubric.