You can relate to two of the 3rd grade standards through the use of EQ's (Economics Questions) related to the following standards: Standard SS.3.E.1.1 Give examples of how scarcity results in trade.
1) What does Alexander want? What is scarce? How did his scarcity problem cause him to trade? 2) What does Alexander use to get that item? 3) How is money used in the story? 4) Find examples of goods and services in the story. How does Alexander trade for goods or services? 5) What is Alexander's scarcity problem at the end of the story? What could he have done differently? 6) Alexander had a scarcity problem. Why do you think people traded with Alexander? (scarcity problem of money) Standard SS.3.E.1.3 Recognize that buyers and sellers interact to exchange goods and services through the use of trade or money. As you read, find examples of the buyers and sellers (give students a card with a B on the front and an S on the back. They hold up the card when you identify the different people as you read. At each choice point, ask students to explain how the buyers and sellers interacted to exchange goods or services through the use of money. What else could they have traded? Why is money used? (this could lead into some interesting questions that lead to other standards). Comments are closed.
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AuthorDeborah Kozdras, Ph.D. Archives
February 2022
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