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Fundamentals of Economics and Economic Sectors

5th Grade · Social Studies · US-UT-SS

5 lessons

Goal

Introduce core economic principles including scarcity, supply and demand, and the four sectors of economic activity.

5 lessons
0 of 5 done
  1. Scarcity, Choice, and Opportunity Cost in Daily LifeUp next
  2. How Supply and Demand Determine Prices in a MarketNot started yet
  3. Production, Distribution, and Consumption of Goods and ServicesYou are here
  4. Primary, Secondary, and Tertiary Economic SectorsNot started yet
  5. The Quaternary Sector: Information and Technology JobsNot started yet
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Learning standards covered

us-utWG Standard 5.3Utah Social Studies Standards · 5th Grade

Students will explain key economic concepts and their implications for the production, exchange, distribution, and consumption of goods and services.