Economics-2nd 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

List and categorize goods and services families consume.

Explain how a family makes an economic or moral choice.

Identify jobs students might do to earn pay.

Match workers in the community to the goods and services they produce.

Discuss the meaning and importance of stewardship.

Describe times when students or families have been consumers.

Identify a choice students have made based on wants and needs.

Identify ways in which scarce items might be distributed in the classroom, Church, and/or community (e.g., 10 cookies for 20 children).

Explain that people who make goods and services are producers.

List examples of human, natural, and capital resources.

Explain the moral choices that producers make and how they affect the community.

Define barter.

Give examples of barter in the economy.

Describe a trade that has been made and why the people agreed to trade; tell why it is or isn’t fair and moral.

Identify public goods and services that students or families use.

Identify the goods and services used by the Church.