Economic Decision Making

In Grade 2, students develop an understanding of economic concepts related to goods and services, needs and wants, and the role of work in our communities. They explore how people earn money, how communities provide goods and services, and how economic decisions affect daily life. This knowledge helps students understand basic economic principles and their role as consumers.

Grade Two Expectations for Economic Decision Making

Essential Learning Outcome 1: Goods and Services

Identify goods and services provided in their community
Explain how communities meet people's needs through goods and services
Appreciate the interdependence of people in providing goods and services
Describe how goods are transported to communities
Identify the difference between goods that are produced locally and those that come from other places

Specific Curriculum Outcomes

By the end of Grade Two, the learner will be expected to:

Inclusive Assessment Strategies

Assessment strategies that provide information about learning:

Observations: Observing student participation in role plays, market simulations, field trips to local businesses
Conversations: Critical thinking questions, picture sorting activities, guided discussions about economic choices
Products: Goods and services charts, needs vs. wants collages, community worker profiles, simple budgets

Sample Assessment Tools:

Checklists for identifying goods and services
Needs and wants sorting activities
Community worker interview forms
Simple budget planning worksheets
Transportation of goods mapping activities

Inclusive Learning Strategies

Strategies to support diverse learners:

Community Connections: Field trips to local businesses, visits from community workers, classroom store simulations
Experiential Learning: Role playing different jobs, creating goods to sell at a class market, tracking classroom resources
Visual Supports: Picture cards of goods and services, visual needs vs. wants sorting activities, job picture dictionaries
Collaborative Work: Small group business planning, partner interviews about jobs, team budget activities

Focus Questions:

What goods and services do we use in our community?
How do goods get to our community?
What is the difference between things we need and things we want?
Why can't we always get everything we want?
What kinds of jobs do people do in our community?
How has technology changed the way people work?

Economic Decision Making

Grade Two Expectations for Economic Decision Making

Essential Learning Outcome 1: Goods and Services

Identify goods and services provided in their community
Explain how communities meet people's needs through goods and services
Appreciate the interdependence of people in providing goods and services
Describe how goods are transported to communities
Identify the difference between goods that are produced locally and those that come from other places

Specific Curriculum Outcomes

By the end of Grade Two, the learner will be expected to:

Inclusive Assessment Strategies

Assessment strategies that provide information about learning:

Observations: Observing student participation in role plays, market simulations, field trips to local businesses
Conversations: Critical thinking questions, picture sorting activities, guided discussions about economic choices
Products: Goods and services charts, needs vs. wants collages, community worker profiles, simple budgets

Sample Assessment Tools:

Checklists for identifying goods and services
Needs and wants sorting activities
Community worker interview forms
Simple budget planning worksheets
Transportation of goods mapping activities

Inclusive Learning Strategies

Strategies to support diverse learners:

Community Connections: Field trips to local businesses, visits from community workers, classroom store simulations
Experiential Learning: Role playing different jobs, creating goods to sell at a class market, tracking classroom resources
Visual Supports: Picture cards of goods and services, visual needs vs. wants sorting activities, job picture dictionaries
Collaborative Work: Small group business planning, partner interviews about jobs, team budget activities

Focus Questions:

What goods and services do we use in our community?
How do goods get to our community?
What is the difference between things we need and things we want?
Why can't we always get everything we want?
What kinds of jobs do people do in our community?
How has technology changed the way people work?

Economic Decision Making

Grade Two Expectations for Economic Decision Making

Essential Learning Outcome 1: Goods and Services

Specific Curriculum Outcomes

Community Goods and Services

Transportation of Goods

Needs and Wants

Resource Limitations

Work and Income

Technology and Work

Inclusive Assessment Strategies

Sample Assessment Tools:

Inclusive Learning Strategies

Focus Questions:

Economic Decision Making

Grade Two Expectations for Economic Decision Making

Essential Learning Outcome 1: Goods and Services

Specific Curriculum Outcomes

Community Goods and Services

Transportation of Goods

Needs and Wants

Resource Limitations

Work and Income

Technology and Work

Inclusive Assessment Strategies

Sample Assessment Tools:

Inclusive Learning Strategies

Focus Questions: