Our EconomyDay 8

Madison Boyd, Jenna Henkel, & Starlet TaylorEDRD 7718Spring 2014

Georgia Performance Standard(s)

• SS3E3 The student will give examples of interdependence and trade and will explain how voluntary exchange benefits both parties.a.  Describe the interdependence of consumers and producers of goods and services.b.  Describe how goods and services are allocated by price in the marketplace.c.  Explain that some things are made locally, some elsewhere in the country, and some in other countries.d.  Explain that most countries create their own currency for use as money.

I Can…

• give examples of interdependence and trade and can explain how voluntary exchange benefits both parties.

Hook

• Activate Prior Knowledge:• Where was your shirt made?

Teacher Presentation

• Preteach vocabulary

Teacher Presentation Continued…

• In the Houghton Mifflin Social Studies text, read aloud Chapter 6, Core Lesson 3 – Trade Around the World (pages 160-163)

Guided Practice

• Discuss• Where are goods used by people in

the United States made?

• What are some goods the United States imports?

• What are trading partners?

• What goods does Japan export?

• Why is Japan an important trading partner for the United States?

The teacher will walk around and provide feedback.

Independent Practice

• The students will complete the Chapter 6, Core Lesson 3 Unit Resources page.

Formative Assessment

• The students will write down:• 3 things they discovered

• 2 things they found interesting

• 1 question they still have

Special thanks to…

Mrs. Henkel’s Third Grade Class

Cogburn Woods Elementary School

2013-2014