Vermilion Parish Curriculum Map

Grade __3___ Subject __Social Studies_

Unit Title

Guiding Questions

Grade Level Expectation

Instructional Activity/Resource

Type of Resource

Unit 7

Small Business in Louisiana

5 Weeks

Unit Description

This unit focuses on resources of the local community. This unit also explores money and making choices, small businesses in the local area, and the roles of producers and consumers

Student Understandings

Students understand that decisions must be made in relation to managing money and cost. Students understand how to identify local businesses and their job specializations and requirements, the relationship between producers and consumers, and the relationship of economic institutions to small businesses.

Guiding Questions

Can students

· provide examples of economic choice and explain the concept of opportunity cost?

· understand the concept of specialization and interdependence of goods and services?

· understand the relationship of producers and consumers?

· understand basic principles of supply and demand?

· discuss trade and how it benefits the parties involved?

Geography

The World in Spatial Terms

2. Differentiate between a bar, pictograph, and circle graph

Economics

Fundamental Economic Concepts

32. Compare benefits and costs when making choices (e.g., comparative shopping)

33. Explain reasons why people save money

34. Identify examples of making an economic choice and explain the idea of opportunity cost (i.e., what is given up when making a choice)

37. Describe ways in which people are producers and consumers and why they depend on one another (e.g., in the school and/or in the community)

38. Identify the concepts of specialization (i.e., being an expert in one job, product, or service) and interdependence (i.e., depending on others) in the production of goods and services

40. Identify various types of economic institutions that make up the economy (e.g., households, businesses, banks, government)

41. Discuss trade in the local community and explain how trade benefits both parties

Individuals, Households, Businesses, and Governments

42. Describe the basic principles of supply and demand and how competition can affect prices of goods

43. Explain the effect of increase/decrease in price upon the consumer and producer

45. Identify major goods and services produced in Louisiana

Everything Comes From Something: Students learn about renewable and nonrenewable resources and trace a resource’s point of origin by constructing and analyzing a product map.

Interactive Website

Lesson Plan

Printable Material

From Boomtown to Ghost Town: Students learn ways that resource extraction affects the physical and human landscape, how a specific economic activity in a region can facilitate the creation of towns, which often turn into ghost towns if the economic activity ends.

Interactive Website