Standard 1 : Beginning Economics



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General Information

Number: SS.3.E.1
Title: Beginning Economics
Type: Standard
Subject: Social Studies
Grade: 3
Strand: Economics

Related Benchmarks

This cluster includes the following benchmarks
Code Description
SS.3.E.1.1: Give examples of how scarcity results in trade.
SS.3.E.1.2: List the characteristics of money.
SS.3.E.1.3: Recognize that buyers and sellers interact to exchange goods and services through the use of trade or money.
SS.3.E.1.4: Distinguish between currencies used in the United States, Canada, Mexico, and the Caribbean.


Related Access Points

This cluster includes the following access points.

Access Points

Access Point Number Access Point Title
SS.3.E.1.AP.1: Recognize that people can trade for products that are not available locally.
SS.3.E.1.AP.2: Identify some characteristics of money.
SS.3.E.1.AP.3: Recognize the roles of buyers and sellers in exchanging goods and services.
SS.3.E.1.AP.4: Recognize forms of money used in the United States and one other North American country


Related Resources

Vetted resources educators can use to teach the concepts and skills in this topic.

Lesson Plan

Name Description
We All Need Trees:

Students are often surprised to learn how many different products we get from trees. Use this activity to help your students learn just how much we depend on trees in our daily lives.