Download - 2nd Grade Indicator
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ExchangeJessica Goolsby
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Social Studies Standard 4 - Economics
• 2.4.7 Explain why people trade for goods and services and explain how money makes trade easier
• Taken from http://dc.doe.in.gov/Standards/AcademicStandards/StandardSearch.aspx
• Activity taken from:
http://www.econedlink.org/lessons/index.php?lesson=EM269&page=teacher
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Definitions
• Goods – possessions, esp. movable effects or personal property.
• Services – employment in any duties or work for a person, organization, government, etc.
• Exchange – to give up (something) for something else; part with for some equivalent; change for another.
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Look at this picture.What do you think is happening?
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Questions
• Write the answers to these questions in your journal
• Where is the little girl at?• Do you think the little girl is going to buy the
doll?• How do you think she will pay for it?
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Worksheet
• Do this worksheet with a partner and turn in when you’re finished.
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Resources
• http://dc.doe.in.gov/Standards/AcademicStandards/StandardSearch.aspx
• http://www.econedlink.org/lessons/index.php?lesson=EM269&page=teacher
• http://www.econedlink.org/lessons/docs_lessons/269_wkst1.pdf
• Lemons and Lemonade: A Book About Supply And Demand (Money Matters) by Nancy Loewen and Brian Jensen