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Economically. Are You Smarter Than a Fifth Grader? Teaching the Elementary Economics Georgia Performance Standards. ^. Georgia Council On Economic Education w w w . g c e e . o r g. Our essential question…. What is economics ?. Economics is…. Our enduring understanding….

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Are You Smarter Than a Fifth Grader? Teaching the Elementary Economics

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Are you smarter than a fifth grader teaching the elementary economics

Economically

Are You Smarter

Than a Fifth Grader?

Teaching the Elementary Economics

Georgia Performance Standards

^

Georgia Council On Economic Education

w w w . g c e e . o r g


Are you smarter than a fifth grader teaching the elementary economics

Our essential question…

What is economics?


Economics is

Economics is…

Our enduring understanding…

making decisions about allocating limited resources to get the unlimited number of things we want.


How to really be a millionaire

How to Really Be a Millionaire


The millionaire game

The Millionaire Game

  • Most millionaires are college graduates.TRUE

  • A majority of millionaires work fewer that 40 hours a week. FALSE

  • More than half of all millionaires never received money from a trust fund or estate. TRUE

  • More millionaires drive Fords than Cadillacs. TRUE


The millionaire game1

The Millionaire Game

  • Most millionaires work in glamorous jobs such as sports, entertainment, or high tech. FALSE

  • Many poor people become millionaires by winning the lottery. FALSE

  • College graduates earn about 65% more than high school graduates. TRUE


The millionaire game2

The Millionaire Game

  • If you want to be a millionaire, avoid the risk of the stock market.FALSE

  • At age 18, you decide not to smoke and save $1.50 a day. You invest this $1.50 a day at 8% interest until you are age 67. At age 67, your savings are worth almost $300,000. TRUE

  • Single people are more often millionaires than married people. FALSE


Why a workshop on economics

Why a workshop on economics?

Remember, this is a

United States History

course!!


The new gps grades k 5

The New GPSGrades K-5

  • approved October 2004

  • two major changes

    • focus on the United States all six years

    • builds across the grades like a ladder


Kindergarten symbols of america

KindergartenSymbols of America

  • Where We Live

  • Observing Labor Day

  • Observing Columbus Day

  • Observing Veterans Day

  • Observing Thanksgiving Day

  • Observing Martin Luther Day, Jr. Day

  • Observing Presidents Day

  • Celebrating Our Nation

  • Personal Finance


Grade one american heroes

Grade OneAmerican Heroes

  • Our Earth, Our Home

  • Benjamin Franklin

  • Thomas Jefferson

  • Lewis & Clark; Sacagawea

  • Harriet Tubman

  • Theodore Roosevelt

  • George Washington Carver

  • American Folktales

  • Personal Finance


Grade two georgia my state

Before There Was a Georgia

Georgia’s Beginnings

James Oglethorpe

Tomochichi

Mary Musgrove

Native Georgians

Creeks

Cherokee

Sequoyah

Civil Rights

Martin Luther King, Jr.

Jackie Robinson

Human Rights

Jimmy Carter

Personal Finance

Grade TwoGeorgia, My State


Grade three our democratic heritage

Roots of Our Democracy

Our Economy

Paul Revere

Frederick Douglass

Susan B. Anthony

Mary McLeod Bethune

Franklin Roosevelt

Eleanor Roosevelt

Thurgood Marshall

Lyndon B. Johnson

Cesar Chavez

Grade ThreeOur Democratic Heritage


Grade four u s history beginnings to 1860

Grade FourU. S. History: Beginnings to 1860

  • Native American Cultures

  • European Exploration in North America

  • Colonial America

  • The American Revolution

  • The New Nation

  • Westward Expansion

  • Personal Finance


Grade five u s history since 1860

Grade Five U. S. History Since 1860

  • The Civil War

  • Reconstruction

  • Turn of the Century America

  • World War I

  • The Great Depression

  • World War II

  • The Cold War

  • America Since 1975

  • Personal Finance


The new gps grades k 51

The New GPSGrades K-5

  • rollout training completed

  • implementation began Fall 2008

  • new CRCT Spring 2009


The new crct

The New CRCT

  • history

  • geography

  • civics/government

  • economics

  • (including personal finance)

  • core skills

    • map and globe

    • information processing


Content weight for the gps crct

Content Weight for the GPS CRCT


Why economics in united states history

Why economics in United States History?

  • U.S. schools rely on history to teach about our national identity and knowledge of our past.

    • Are we succeeding?


Why economics in united states history1

Why economics in United States History?

  • Think about the context of history…

  • History is the record of political and economicdecisions that people have made across time.


Are you smarter than a fifth grader teaching the elementary economics

How do we prepare?

Focus on economic decision making across the eras of United States history.


Are you smarter than a fifth grader teaching the elementary economics

United States

Economic History

Teaching the Economics

Georgia Performance Standards

at Grades 4 and 5

Georgia Council On Economic Education

w w w . g c e e . o r g


Components of us economic history

Components of US Economic History

  • Essay for the teacher on the economic history of our nation

  • Series of seven lesson plans, one for each era of the new GPS framework

  • Glossary of GPS economic terms

  • Sample CRCT test questions for each unit


Introducing the us economic history lessons

Introducing the US Economic History Lessons

  • embedded in eras of history

  • lesson essential question

  • introduction/abstract

  • GPS correlation

  • economic concepts

  • lesson knowledge and skills objectives

  • list of materials needed

  • time required

  • procedure

  • assessment


Personal finance

Personal Finance

  • comprehensive program targeted at grades K-2, 3-5

  • separate workshop

  • offered through the Stock Market Game


Are you smarter than a fifth grader teaching the elementary economics

What is economics?


Are you smarter than a fifth grader teaching the elementary economics

What do adults frequently identify as the most basic concept in economics?


Economics is more than supply and demand

Economics is More Than Supply and Demand.


Are you smarter than a fifth grader teaching the elementary economics

What do students frequently identify as the most basic concept in economics?


Economics is more than money

Economics is More Than Money.


Are you smarter than a fifth grader teaching the elementary economics

What is the most basic, fundamental concept in economics?

Scarcity


Factors of production productive resources

Factors of ProductionProductive Resources

  • Natural Resources/Land

  • Human Resources/Labor

  • Capital Goods/Tools

  • Entrepreneurship

    • innovative ideas

    • risk taker


Who would have predicted in 1980

Who Would Have Predicted in 1980…

  • the collapse of the

  • Soviet Union


Who would have predicted in 19801

Who Would Have Predicted in 1980…

  • Nelson Mandela

  • as president of

  • South Africa


Who would have predicted in 19802

Who Would Have Predicted in 1980…

  • economic stagnation in Japan


Who would have predicted in 19803

Who Would Have Predicted in 1980…

  • Record US economic

  • expansion in the 1990s

  • Recent economic debacle


Who would have predicted that in 2007 gas prices would be 4 00 per gallon in 2008

Who Would Have Predicted that in 2007?Gas prices would be $4.00 per gallon in 2008?


The guide to economic thinking pulling the pieces together

The Guide to Economic ThinkingPulling the Pieces Together

  • People choose.

  • People’s choices involve costs.

  • People respond to incentives in predictable ways.

  • People create economic systems that influence individual choices and incentives.

  • People gain when they trade voluntarily.

  • People’s choices have consequences that lie in the future.


The classroom solution

The Classroom Solution...

teaching essential economic concepts in the context of

United States history.


Economics

Economics…

Do You Teach this “stuff”?


How we teach is as important to student learning as focusing on what we teach

HOWwe teach is as important to student learningas focusing on WHATwe teach.


What makes a difference

What makes a difference?

  • Factual Information - 35% Retention

    • lecture

    • textbook

    • flashcards

  • Conceptual Schemes - 50% Retention

    • webbing

    • graphic organizers

  • Motor Activities - 70% Retention

    • draw and label graphs

    • role play, simulations

    • build models

  • Thinking Skills - 80% Retention

    • data and document analysis

    • problem solving

  • Attitudinal Development - 100% Retention

    • discussion of controversial topics

    • debates


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