Economics-1st Grade

Understand economic systems with an emphasis on the United States. Understand moral aspects of the economic systems of the United States. 

Understand how different economic systems operate in exchange, production, distribution and consumption of goods and services. Understand the moral consequences of how different economic systems operate in exchange, production, distribution and consumption of goods and services. Identify the motivating values that have informed particular societies and how they correlate with Catholic teaching. CSIS7 (7-12 CS)          Explain how one’s beliefs about God, about humanity, and about material things, affect one’s actions .CSIS7 (K-6 CS)

Understand that scarcity necessitates choices by consumers. Understand that scarcity necessitates consumer choices which have moral implications. Discriminate between what is positive in the world, what needs to be transformed, and what injustices must be overcome. CSDS4   Explain how one’s beliefs about God, about humanity, and about material things, affect one’s actions. CSIS7

Understand that scarcity necessitates choices by producers. Understand that scarcity necessitates producer choices which have moral implications. Explain how one’s beliefs about God, about humanity, and about material things, affect one’s actions. CSIS7        Value and develop a love for the common good and our shared humanity, not just with those around us, but for those who have gone before and those who will come after us. CSDS2 (7-12 CS)

Understanding trade as an exchange of goods or services. Understand moral values behind the understanding of trade as an exchange of goods and services. Explain how one’s beliefs about God, about humanity, and about material things, affect one’s actions. CSIS7

Understand the impact of government policies and decisions on production and consumption in the economy. Understand the moral implications of policies and decisions on production and consumption. Explain how one’s beliefs about God, about humanity, and about material things, affect one’s actions. CSIS7

Identify goods and services.

Describe a choice they have made and explain why they had to make a choice.

Suggest a way in which a scarce item could be distributed (e.g., one jump rope, 3 children); explain why God wants all people to be treated fairly.

Describe jobs they do at home; tell how these responsibilities serve God.

Identify workers they see at school, in the parish and in the community.

Identify a choice students have made when buying a good or service.

List goods they want and label them as "wants."

Make a choice between two items and tell what was given up.

Tell why God wants us to help provide for the needs of others.

Identify people who produce goods and services in the community.

List the resources needed to make a simple item.

Tell why God wants us to make choices that are good not only for ourselves but for others. 

Identify exchanges that students have made without the use of money.

Identify exchanges that students have made with the use of money.

List items that students use but do not make themselves.

Determine why God wants us to treat each other fairly.

Identify workers who provide public goods and services in the community.

Identify charities and Catholic services that provide goods and services to those in need.