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APRIL 27, 2015
SPOTLIGHT STUDENT OF THE WEEK
This week our spotlight is on our friend Skylar. Here are some fun and interesting things about her.
1.E.1 Understand basic economic concepts.
1.E.1.2 Identify examples of goods and services in the home, school and community.
They will be able to summarize the various ways in which people earn and use money for goods and services.
They will understand that people often depend on jobs and other sources to earn money so they can contribute to the production and exchange of goods and services.
The first graders will know:
- people use money they earn to buy goods and services
- businesses incur costs by hiring individuals and earn revenue by selling goods and services
- individuals earn income by working for various businesses
- how to distinguish between goods and services
- individuals receive income by working at a job
- the difference between income and money
- people make decisions about jobs based on education, skills, interests, etc
Goods: Things people make or grow to sell
Services: Kind of work people do for money
Producer: Someone who makes or grows goods OR someone who offers services
Consumer: Someone who buys goods or services
Workers: People who make or grow goods or provide services
Money: What people use to pay for goods or services
Spend: When you give or use money to pay for a good or service
Income: The money that you earn working at a job
2. Be able to identify examples of Goods and Services
a. Goods: apple, toys, clothes, video game, water bottle, shoes
b. Services: Hair cut, car mechanic, bus driver, police officer, babysitter
3. Be able to give reasons why people choose their job:
money, interest (because they like it), location (close to home or they like working at the beach or in the city)
4. Know places people can buy goods:
stores, yard sales, fairs, outdoor markets/stands
5. Know how producers and consumers impact goods and services:
Ex: you don’t see Christmas trees out in the stores in JulyEx: you don’t see turkey decorations out in February
IMPORTANT REMINDERS FROM HOMEROOM
- Thank you to the parents who were able to join us for our field trip on Friday. All of the first graders had a wonderful time and this would not have been possible without you!
- The Lost and Found is over-flowing. Please remind your first grader to check for missing items.
- Please remember to check the 2015 - 2016 FA school calendar when planning vacations for next year.
- Please help your first grader to remember to turn in their Falcon Mall "job application" if they have not yet done so. Our Falcon Mall is scheduled for IOWA week, May 18-22. As a reminder, this activity culminates our History unit on Economics where the boys and girls will be studying concepts like goods/services, wants/needs, and division of labor. After studying this material, the classroom will become a "Mall" where the students will apply the economic skills they have learned. They will work in one of four departments (Men's, Women's Accessories, or Toys) to produce different items, earn "Bardes Bucks" for their hard work, and then use their money at the end of the week to purchase the items created.