Standard 1: Beginning Economics

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

Related Benchmarks

This cluster includes the following benchmarks.

Related Access Points

This cluster includes the following access points.

Independent

SS.1.E.1.In.a
Identify coins and bills as forms of money that can be used to buy things.
SS.1.E.1.In.b
Recognize an example of opportunity costs, such as giving up watching television to play with a friend.
SS.1.E.1.In.c
Recognize examples of goods and services.
SS.1.E.1.In.d
Identify the difference between a buyer and seller.
SS.1.E.1.In.e
Recognize ways that people save money, such as in a bank or other safe place.
SS.1.E.1.In.f
Recognize that when there is not enough of something (scarce resource), people need to make choices, such as sharing, saving, or doing without.

Supported

SS.1.E.1.Su.a
Identify coins as money that can be used to buy things.
SS.1.E.1.Su.b
Recognize a situation that involves making a choice, such as watching a video or playing a game.
SS.1.E.1.Su.c
Recognize examples of goods.
SS.1.E.1.Su.d
Recognize that people buy goods in a store.
SS.1.E.1.Su.e
Recognize a way to save money, such as putting it in a bank.
SS.1.E.1.Su.f
Recognize when there is not enough of something (scarce resource).

Participatory

SS.1.E.1.Pa.a
Recognize an item that can be traded for something else in the classroom.
SS.1.E.1.Pa.b
Recognize an item that can be traded for something else in the classroom.
SS.1.E.1.Pa.c
Recognize an example of goods.
SS.1.E.1.Pa.d
Recognize an item that can be traded for something else in the classroom.
SS.1.E.1.Pa.e
Recognize that an item can be saved for later.
SS.1.E.1.Pa.f
Associate not enough with no more.

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