DLI 1st grade guide

Strand 4 Economics

STANDARDS

Compelling Questions (can be used to develop success criteria) ● How do people decide what is a want, and what is a need? ● What do people gain when they save, and what do they sacrifce? ● What does it mean to make a living?

KEY LANGUAGE USE

Content Standards:

Argue Explain

Standard 1.4.1 Explain the costs and benefts of spending and saving in order to meet needs and wants.

Standard 1.4.2 Identify ways people make a living in the community.

Standard 1.4.3 Identify and explain the roles and contributions of consumers, producers, and distributors in the community.

End of Unit Competency Students will explain how to prioritize their economic wants and make basic fnancial decisions. Language Features: ● Nouns: cost, beneft, needs, wants, community, consumer, producer, distributor ● Verbs: explain, identify, spend, save SKILLS

VOCABULARY (can be supplemented by Wonders and be classroom-specifc)

● explain ● identify

● spending ● saving ● community ● benefts ● needs

● wants ● consumer ● producer ● distributor