The kit also includes pre and post tests to evaluate learning and a letter to the child s family. Students learn by doing. Recognition for you, students, and your school. Grade level 4 Basic Understanding Knowledge and Skills 1. Students recognize economic systems and how they are interdependent and must work together and compete for resources, goods, and services.
Students understand the purposes of spending and saving money.
Students understand the concept of free enterprise and simple business, producing and marketing, ways to exchange goods and services, and how goods and services produce income. Performance Descriptions 1. The student describes the concept of scarcity and how it can create interdependence, using examples relevant in today s world. The student develops a spending plan or budget. The student participates in a simulated business, demonstrating awareness of pricing and profit, and production and marketing.