Grades 3-5: Elementary Economics


Content Provider Muskingum Valley Educational Service Center
Contact Information Leslie Charles
lcharles@mvesc.k12.oh.us
205 North 7th Street
Zanesville, OH 43701
United States
Phone: (740) 452-4518 ext. 133
Fax: (740) 455-6702
Program Type Individual Program
Program Rating This program has not yet been evaluated.
Target Audience Education: Grade(s): 3, 4, 5, Public Library: Library Patrons
Maximum Number of Participants 30
Minimum Number of Participants 5
Primary Disciplines Best Practice, Economics/Business, Gifted & Talented, Language Arts/English, Problem Solving, Social Studies/History, Technology/Information Science, Writing
Program Description Students will investigate basic economic concepts through current events and popular culture. Concepts explored include (opportunity cost, producers, consumers, advertising, specialization, and competition).
Program Format 1. Students discuss economic terms in relation to current events and activities.
2. Students observe video segments for economic elements.
3. Student discussion on advertising in the media (American Idol).
4. Budgeting money activity.
Objectives As a result of this interactive lesson, students will:
1. Describe Economics as the study of the making, buying, and selling of goods or services.
2. Identify and classify goods and services.
3. Describe how advertising is important.
4. Identify economic terms and activities within current events.
5. Describe and define the role of an entrepreneur.
National Standards to which this program aligns Language Arts-Grades K-12
NL.ENG.K-12.4 Communication Skills
Students adjust their use of spoken, written, and visual language (e.g., conventions, style, vocabulary) to communicate effectively with a variety of audiences and for different purposes.
NL.ENG.K-12.5 Communication Strategies
Students employ a wide range of strategies as they write and use different writing process elements appropriately to communicate with different audiences for a variety of purposes.
NL.ENG.K-12.6 Applying Knowledge
Students apply knowledge of language structure, language conventions (e.g., spelling and punctuation), media techniques, figurative language, and genre to create, critique, and discuss print and nonprint texts.
NL.ENG.K-12.12 Applying Language Skills
Students use spoken, written, and visual language to accomplish their own purposes (e.g., for learning, enjoyment, persuasion, and the exchange of information).

Technology-Grades K-12
NT.K-12.1 Basic Operations and Concepts
•Students demonstrate a sound understanding of the nature and operation of technology systems.
•Students are proficient in the use of technology.
NT.K-12.2 Social, Ethical and Human Issues
•Students practice responsible use of technology systems, information, and software.
•Students develop positive attitudes toward technology uses that support lifelong learning, collaboration, personal pursuits, and productivity.
NT.K-12.4 Technology Communication Tools
•Students use telecommunications to collaborate, publish, and interact with peers, experts, and other audiences.
•Students use a variety of media and formats to communicate information and ideas effectively to multiple audiences.
State/Regional Standards to which this program aligns Ohio Education Standards Addressed
Economics Standard:

Grade 3
1. Define opportunity cost and give an example of the opportunity cost of a personal decision.
2. Identify people who purchase goods and services as consumers and people who make goods or provide services as producers.
3. Categorize economic activities as examples of production or consumption.
4. Explain the advantages and disadvantages of specialization and the division of labor to produce items.
7. Identify examples of economic competition in the local community.
Grade 4

1. Identify the productive resources needed to produce a good or service and suggest opportunity costs for the resources involved.
3. Explain how entrepreneurs organize productive resources to produce goods and services and that they seek to make profits by taking risks.
Grade 5
2. Explain that individuals in all economies must answer the fundamental economic questions of what to produce, how to produce and for whom to produce.
5. Explain the general relationship between supply, demand and price in a competitive market.
Program Length Please allow 50-60 minutes
By Request This program is available by request ONLY
Connection Type(s) Available and Program Fees Interactive Cost: $75.00
Interactive Cost with Premium Service: $75.00 What's this?
Point to Point Cost: $75.00
Point to Point Cost with Premium Service: $75.00 What's this?
Program Fee Notes If you require special bridging to make this connection successful, each school is responsible for scheduling the bridge, and all associated fees with the connection
*A $25.00 fee will be assessed to sites who go over the 30-35 student maximum.
Cancellation Policy Cancellation Policy:
Muskingum Valley Educational Service Center
Distance Learning Connection and Cancellation Policy

The Muskingum Valley Educational Service Center (MVESC) understands the occasional need to reschedule programs due to changing schedules, inclement weather, or technical difficulties; however, MVESC commits resources to a program the moment a reservation is received and presenters are scheduled. Presenters must be paid for their preparation, time, and travel. Please note the Distance Learning Cancellation Policy below:

1. The school will:
•Have an audience for the time and date the district scheduled the session and coordinate with teachers, technicians, coordinators, treasurers, and other parties prior to submitting the request;
•MVESC asks that anyone making a reservation please check school calendars for holidays, professional development days, and testing dates to avoid potential conflicts.

2. Failure of a school to have the audience available for the scheduled session will result in a $25 charge for the session. Scheduled events must be cancelled at least 24 hours in advance of the session to avoid the $25 cancellation fee. This fee is nonreturnable and may not be applied toward a future session.

3. MVESC strongly recommends performing a test connection at least two days prior to the event. The school has the right to cancel any program the day of the test if a successful connection cannot be made. In such a case, MVESC will not charge the $25 cancellation fee. If technical reasons prevent a successful connection on the day of the session, the $25 fee also will be waived. The $25 fee applies to all MVESC sponsored programming.

4. Taping of sessions is prohibited.

5. There is a 30 student maximum on all MVESC connections.
It is the goal of the MVESC Distance Learning Program to maintain high quality student interaction with the presenters. Limiting the number of students per session will ensure successful connections.

a. All point to point student sessions will be charged a $75.00 instructional fee. All point to point PD sessions will follow the special pricing structure (listed below) in the program fee notes.
b. For sites that go over the student maximum, an additional $25.00 (overage fee) will be applied.
c. This fee will be applied on your invoice at the end of the month.
d .For extra students added to a connection, an additional $25.00 fee will apply. (e.g. 31- 60 students—Site charged $75.00 instructional fee plus $25 overage fee; 61-90 students--Site charged $75.00 instructional fee plus $50.00 overage fee.)


6. All MVESC distance learning programs will only be scheduled upon receipt of a signed purchase order. These may be mailed or faxed to Leslie Charles at MVESC (740-455-6702). If you regularly schedule programs with MVESC, please provide a number for us to reference when invoicing for sessions completed. Invoices will be sent at the end of each month, and payment is required in U.S. dollars within 30 days of receipt.
We want this connection to be an enjoyable and valuable experience for both you and your students. We appreciate your feedback! Please don’t hesitate to contact us with questions, positive comments, or constructive criticism. We look forward to working with your classrooms in the future!
Is recording allowed? No
The Provider broadcasts over IP
Minimum Technology Specifications for sites connecting to this provider Schools must dial into the MVESC. Connection over IP is preferred, however, ISDN schools can arrange for your own bridge.
LAB 1A (IP 204.9.145.244)
LAB 1B (IP 204.9.146.155)

It is wise to set up a test connection prior to your actual event. At any time, you are free to dial into the MVESC using IP 204.9.146.113 to test your connection.

Please forward a copy of your external IP to the MVESC prior to your connection,

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