Term
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Definition
| The study of production, distribution, and consumption of goods and services. It addresses decision making about obtaining and using all kinds of resources, not just money. |
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Term
| What should elementary students learn about economics? |
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Definition
| They should learn microeconomics and most of the basic concepts and principles of the field. |
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Term
| What does economics at this level call for? |
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Definition
| It calls for students to make decisions about how to spend time and money. |
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Term
| What do elementary students tend to believe about economics? |
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Definition
| They believe in a world where people can get whatever money they need/want from banks simply by asking. |
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Term
| What do they understand about economics? |
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Definition
| They understand that money is printed by the government, but they do not realize that the amounts of money in circulation are carefully monitored. |
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Term
| What do preschoolers understand about money? |
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Definition
| They do not tend to understand money, but when offered coins they will usually pick larger or more attractive coins. |
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Term
| What do older students understand about business? |
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Definition
| They mention several sources of money that owners can use to pay employees. They also have a hard time understanding profits and banking operations until the age of 9 or 10. |
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Term
| Do children understand the use of credit cards? |
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Definition
| Most children seem to understand when and where credit cards can be used, but only some understand that using them generates bills and eventually reduces a bank account. |
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Term
| What do academic economists believe should be taught? |
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Definition
| basic concepts, principles, and data collection and analysis methods used in the discipline |
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Term
| What do business groups believe should be taught? |
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Definition
| savings, investments, and knowledge and values related to free market |
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Term
| What do consumer advocated believe should be taught? |
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Definition
| critical thinking about advertising and good decisions about spending, credit, and other aspects of personal economics |
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Term
| How can I use the perspective of each social studies discipline to help my students become good citizens? |
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Definition
| Economics is a hard concept to grasp for young students. I know that when I was younger I did not understand money to its entirety. I think that the earlier we introduce the concept of money and how to use it to students, the more responsible they will be with it in the future. I can help them become better citizens in the future by teaching them about money at a young age. |
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Term
| How can I help students move to more advanced levels of learning in a specific discipline? |
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Definition
| I really liked one example that they gave in the text. They used the example of the teacher setting up a business in the classroom. Groups would be the produce of a certain good. Students would then have to learn how a business works, and what is needed in a business. I think setting up something similar in the classroom would help students become more advanced in the discipline. |
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Term
| How can I teach the social studies disciplines in a way that helps students see connections to big ideas and understand what the social studies disciplines can offer to their everyday lives? |
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Definition
| Economics is one disciple students will use no matte what they do for the rest of their lives. Money is something they will deal with. I can teach them that how they spend their money impacts their every day lives. It is very important that they understand how money works. |
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