Fifth-Sixth grade Flip Charts

Elementary SchoolSS.5.2.5.1aStandard: Economics1. (A) - ($) determines the costs and benefits of a spending, saving, or borrowing decision.Explanation of Indicator:Cognitive Level (A); Three Story Intellect (3) evaluates, problem solvesMain Concept:Cost/benefits of spending, saving, borrowingEmbedded Concepts:Decision making skillsConsumerProducerSaverInvestorOpportunity costInstructional Examples/Resources:Current events/economic activityUsing checkbooksWorking with banks in communityAllowanceClass storeStock market gameExchange cityJr. AchievementDecision treesItem Specifications:• Multiple choice, one correct answer• Items aligned to this indicator should be concrete scenarios and should not assess abstract economic concepts. Historicalscenarios should not be used for this indicator.• Scenarios used in items aligned to this indicator should be grade appropriate. Students should be asked about situations theywould experience in their own lives.• Visual stimuli are acceptable under this indicator (e.g., charts, diagrams).• Opportunity cost may be used as a type of cost of a spending, saving, or borrowing decision.Formative Performance Suggestions:Results from technology gamesPre/post test (i.e., Jr. Achievement economic unit)t-chart of cost/benefit related to economic simulationState Assessment Practice Items:2. Klara wants to attend a summer camp. In order to save money to attend the camp, she decides to stop buying tickets tothe movies. Which is the main cost of Klara's decision?A) the fee for campB) the time spent at campC) X the time spent at the moviesD) the taxes on the movies missedQuestionId: 29986, Standard 2 "2-Economics", Benchmark 5 "5", Indicator "1", Sub Indicator "1a"6