EL Econ and PFL Resources

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					      Economics and PFL Resources for Elementary

  Grade Level Econ GLEs and EOs                                               Resources
G GLE 1 Ownership as a component of economics                             K   1a Lesson listed in left
  Evidence Outcomes-Students can:                                             column--Property: Ownership, Respect, and Responsibility
                                                                              Does the Crocodile Hunter Hunt Crocs? …Choice (Based on animals in
        a. Give examples of ownership of different items                      Australia but loosely connected to GLEs/EOs)
        b. Recognize and give examples one of how a person may want to
           use another’s object and how this requires asking permission       1b That's Not Fair! How Do We Share?
           and sharing                                              

    GLE 2. . Discuss how purchases can be made to meet wants and
    needs (PFL)
    Evidence Outcomes-Students can:
                                                                              2a A Perfect Pet: Wants
        a. Identify the difference between personal wants and needs 
        b. Give examples of the difference between spending income on         2a Needs v wants
           something you want versus something you need
                                                                              2a/b "Do You Really Need It?" What do you want? need? difference?
                                                                              2a Wants and Needs
E                                                                             1a,b,c: Goods and Services; jobs in the community
    GLE 1 People work at different types of jobs and in               1
    different types of organizations to produce goods and                     1a: Build Your Community…businesses
    services and receive an income                                  
    Evidence Outcomes-Students can:                                           Community Helpers are at Your Service: Goods and Services/Role of
        a. Give examples of different types of business and the goods and
           services they produce for the community                            We Can Earn Money (or) Working Hard for a Living
        b. Give examples of types of jobs people in your family have
        c. Recognize that people have a choice about what kinds of jobs       1bc Jobs
           they do

    GLE 2. Identify short-term financial goals (PFL)
    Evidence Outcomes-Students can:

        a. Define a short-term financial goal                                 2abc The ABCs of Saving: Setting a goal and saving to reach it
        b. Identify examples of short-term financial goals          
        c. Discuss sources of income needed to meet short-term goals          2abc Setting Money goals
           such as but not limited to gifts, borrowing, allowances, and
GLE 1 The scarcity of resources affects the choices of             2         1a and c Toys for Me: A Lesson on Choice
individuals and communities                                        
Evidence Outcomes-Students can:                                              opportunity cost is part of the lesson which is a 4 EO
                                                                             b and d: Mystery Workers-goods, services, resources
    a. Explain scarcity                                            
    b. Identify goods and services and recognize examples of each            1b Woof! Woof! At Your Service…Goods and Services
    c. Give examples of choices people make when resources are     
    d. Identify possible solutions when there are limited resources and
       unlimited demands

GLE 2. Apply decision-making processes to financial
decisions (PFL)                                                              2a Every Penny Counts Decision-making
Evidence Outcomes-Students can:                                    
    a. Identify components of financial decision-making including            2b Wishes and goals A 3 grade lesson with some adaptable ideas
       gathering, evaluating, and prioritizing information based on a
       financial goal, and predicting the possible outcome of a decision
    b. Differentiate between a long-term and a short-term goal

GLE 1 Describe producers and consumers and how goods and               3     1a: Little Bill the Producer! Producers and resources
services are exchanged                                             
Evidence Outcomes-students can:                                              We are Producers and consumers—families as producers/consumers
    a. Describe the difference between producers and consumers and           Communities - What They Provide For Us
       explain how they need each other                            
    b. Describe and give examples of forms of exchange including but         Simple Simon Meets a Producer
       not limited to trade and barter                             
    c. Describe how the exchange of goods and services between               1bd: A Pet For Beans … barter and exchange
       businesses and consumers affects all parties                
    d. Recognize that different currencies and forms of exchange that        1c: No Funny Money…Money and its characteristics
       exist and list the functions of money to include but not limited to
       such topics as medium of exchange, store of value, and measure        1bc Norman Rockwell's 'Curiosity Shop' …Exchange
       of value                                                    
    e. Give examples of how trade benefits individuals and                   1abc Ben & Jerry's Flavor Graveyard
       communities and increases interdependency                   
                                                                             1bcd The Story of Jack and the Bank Stalk
                                                                             1d: The Changing Face of Money…characteristics of
                                                                             1d Making Cents out of Centimes
                                                                             1e Where Did You Come From? Trade and interdependence
GLE 2. Describe how to meet short term financial goals
Evidence Outcomes-Students can:

    a. Identify sources of income including gifts, allowances, and         2a Money Doesn't Grow on Trees…sources of income
    b. Recognize that there are costs and benefits associated with         2a,d,e Money Comes and Goes …income, savings, budget
       borrowing to meet a short-term financial goal             
    c. Identify jobs children can do to earn money for personal,           2ac Making Money PBS
       philanthropic, or entrepreneurial goals                   
    d. Create a plan for a short-term financial goal
    e. Describe the steps necessary to reach short-term financial goals

GLE 1 People respond to positive and negative                        4     1a What Are Incentives? A lesson
Evidence Outcomes-Students can:                                            1a Incentives Influence Us!
    a. Define positive and negative economic incentives                    1a Clipping Coupons: Incentives
    b. Give examples of the kinds of goods and services produced in
       Colorado in different historical periods and their connection to    1a What Are Incentives?
       economic incentives                                       
    c. Explain how the productive resources – natural, human, and          1a Economic Incentives in Our Community
       capital– of Colorado have influenced the types of goods   
       produced and services provided                                      1 c The Little Red Hen: Resources (will need to adapt for CO)
                                                                           1c The Color of Resources …types of resources

GLE 2. The relationship between choice and opportunity
cost (PFL)
Evidence Outcomes-Students can:

    a.   Define choice and opportunity cost                                2a,b,c Off to Interactive Island a k-2 lesson on Opportunity Cost
    b.   Analyze different choices and their opportunity costs   
    c.   Give examples of the opportunity costs for individual decisions   2abc You Decide!
    d.   Identify risks that individuals face (PFL)              
    e.   Analyze methods of limiting financial risk (PFL)                  2abc Jelly Belly Jam
GLE 1 Government and market structures influence                        5    1a What is Competition? Competition, Decision-making, market economy
financial institutions                                             
Evidence Outcomes-Students can:                                              1a Laura Ingalls Wilder's Frontier Town …markets& competition
    a. Define a capitalist market economy                                    1b Taxation without Representation? Pre-Revolution/role of govt
    b. Identify governmental activities that affect financial institutions
       and the economy at the local, state, and national level               1b Tic Tac Taxes! …role of government
                                                                             1b Free Ride…role of government
                                                                             1b Government Goods and Services
                                                                             plans/ grade-five-government-goods-and-services.pdf
GLE 2. Use of financial institutions to manage personal finances
Evidence Outcomes-Students can:
                                                                             2a Banks, Bankers, Banking
    a. Identify different financial institutions                   
    b. Identify the products and services of financial institutions to       2a,b Big Banks, Piggy Banks: Banking, Savings, interest
       include but not limited to such topics as checking accounts,
       savings accounts, investments, and loans                              2c Buy A Bond, James!: A Lesson on U.S. Savings Bonds
    c. Compare and contrast financial institutions, their products, and
       services                                                              2c Getting a Grip on Credit, with interactive resources

  Additional Sources

  It's My Life (Mad Money, Making Money, Spending Smarts) It's My Life invites students aged 9-12 to read informative articles, share stories, play
  games, engage in offline activities, take quizzes and polls, and watch video clips of other kids talking about their feelings and experiences and get advice
  on important topics. The Money section includes a variety of content focused on making, managing, and spending money. money lessons for K-2 and 3-5 Wisconsin public television programs for all grade levels PLANET ORANGE is a free, online program that promotes financial literacy and allows kids and their parents to explore
  basic financial topics such as saving, budgeting, investing and spending. The site includes a Teachers Resource Center which provides 18
  downloadable lesson plans, and a Curriculum Matrix to assist teachers with their state standards related to personal finance. Teach Children to Save program has partnered banks with students for lessons on the importance of saving. This category includes elementary economic material for primary education, kindergarten through 6th
  grade. These lessons, lesson plans, and worksheets will introduce your students to consumer economics and very basic economic principles, while
  reinforcing other basic skills such as money recognition and basic math; free limited membership.

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