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Foundational Economics: Markets, Trade, and Financial Choices

4th Grade · Social Studies · US-MD-SS

10 lessons

Goal

Understand fundamental economic concepts including scarcity, opportunity cost, supply and demand, trade, and financial literacy.

10 lessons
0 of 10 done
  1. Scarcity: Unlimited Wants and Limited Natural ResourcesUp next
  2. Goods Versus Services in the Everyday EconomyNot started yet
  3. Producers, Consumers, and the Circular Flow of MoneyNot started yet
  4. Understanding Opportunity Cost and Trade-OffsNot started yet
  5. The Law of Supply: How Producers Respond to PricesNot started yet
  6. The Law of Demand: How Consumers Respond to PricesNot started yet
  7. Market Equilibrium Price: Shortages and SurplusesYou are here
  8. Specialization, Division of Labor, and Interstate TradeNot started yet
  9. International Trade: Imports, Exports, and Global InterdependenceNot started yet
  10. Personal Budgeting: Earning, Saving, Spending, and InterestNot started yet
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Learning standards covered

us-md6/7.2.4.aMaryland Social Studies Standards · 4th Grade

Identifying the origins of human-caused climate change.