Economics Unit

Looking for a comprehensive, print 'n go Economics Unit that meets standards AND engages students? You've found it!

This unit has everything you need to fully teach your economics standards with ease!

The informational texts and activities in this unit were created to align with standards throughout the country while creating an engaging experience for students.

How is this unit arranged?

Each lesson contains an informational text, a vocabulary spotlight foldable activity, a 'review and discuss' activity, a comprehension check, and an answer key.

Additionally, some lessons contain extra elements, such as matching activities, budget practice, real-life scenarios, and more.

Contents of this resource:

Why do we pay taxes?

Vocabulary: taxes, federal taxes, state taxes, local taxes, income taxes, property taxes, sales tax

The U.S. Economy Today

Vocabulary: economy, producers, consumers, earning a living, income, free enterprise system, competition, consumer protection laws

Economics in American History

Vocabulary: barter, currency, agriculture, manufacturing, stock market, stocks, economic recovery

Types of Resources

Vocabulary: natural resources, renewable resources, nonrenewable resources, human resources, specialize, capital resources, scarce

Supply and Demand

Vocabulary: supply, demand, scarcity

Needs vs. Wants

Vocabulary: needs, wants, benefit, cost, cost-benefit analysis, opportunity cost

How do we use money?

Vocabulary: earning money, saving money, interest, capital, donation, charity, spending money, goods, services

Global Trade & Interdependence

Vocabulary: economy, national economy, global economy, imports, exports, Columbian Exchange, global interdependence

Financial Decision-Making

Vocabulary: income, credit, paying interest, earning interest, debt, investing, inflation, deflation

Setting Personal Financial Goals

Vocabulary: financial goals, expenses, budget

Careers in Accounting & Finance - Informational text and fact file activity

Economics Unit Project - Includes teacher instructions, student instructions, parent letter, business plan template, grading sheet, and example project

Economics Team Trivia - Includes teacher instructions, trivia questions with answers, score sheet, and team trivia cards

Economics Study Guide & Quiz (Includes Answer Keys)

Before posting this unit, I submitted this file to other teachers in a peer-review process. Here are a few of their comments:

* This is a fantastic unit that introduces economics to students (possibly) for the first time. It is a comprehensive unit that goes over fundamental topics such as taxes, supply and demand, resources, and personal finances. The material is tailored just enough to the perspective of an upper elementary/middle school student without losing any substance. - Kate M. from Pennsylvania

* This is a great unit with comprehensive information on economics, step-by-step tools for dissecting the text for understanding, and engaging real-life scenarios to analyze. - Leslie M. from Illinois

* The information in this unit is incredibly thorough with lots of examples that make sense to kids. Each economics lesson is followed by a vocabulary activity and a review that requires analysis. The information is presented in a systematic format that flows easily from one topic to the next. - Jenifer P. from Montana

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