Social Studies Worksheets and Study Guides Third Grade. Income and Earning

The resources above correspond to the standards listed below:

Kentucky Standards

KY.AE. Academic Expectation
AE.1. Students are able to use basic communication and mathematics skills for purposes and situations they will encounter throughout their lives.
1.2. Students make sense of the variety of materials they read.
KY.CC. Core Content for Assessment v.4.1.
SS-EP-1. Government and Civics: The study of government and civics equips students to understand the nature of government and the unique characteristics of representative democracy in the United States, including its fundamental principles, structure and the role of citizens. Understanding the historical development of structures of power, authority and governance and their evolving functions in contemporary U.S. society and other parts of the world is essential for developing civic competence. An understanding of civic ideals and practices of citizenship is critical to full participation in society and is a central purpose of the social studies.
SS-EP-1.1. Formation of Governments
SS-EP-1.1.1. Students will identify the basic purposes of local government (to establish order, provide security and accomplish common goals); give examples of services local governments provide (e.g., police and fire protection roads and snow removal, garbage pick-up,) and identify how they pay for these services taxes).
SS-EP-3. Economics: Economics includes the study of production, distribution and consumption of goods and services. Students need to understand how their economic decisions affect them, others, the nation and the world. The purpose of economic education is to enable individuals to function effectively both in their own personal lives and as citizens and participants in an increasingly connected world economy. Students need to understand the benefits and costs of economic interaction and interdependence among people, societies and governments.
SS-EP-3.1. Scarcity
SS-EP-3.1.1. Students will define basic economic terms related to scarcity (e.g., opportunity cost, wants and needs, limited productive resources-natural, human, capital) and explain that scarcity requires people to make economic choices and incur opportunity costs. DOK 2
SS-EP-3.3. Markets
SS-EP-3.3.1. Students will define basic economic terms related to markets (e.g., market economy, markets, wants and needs, goods and services, profit, consumer, producer, supply and demand, barter, money, trade, advertising). DOK 2
SS-EP-3.4. Production, Distribution, and Consumption
SS-EP-3.4.1. Students will define basic economic terms related to production, distribution and consumption (e.g., goods and services, wants and needs, supply and demand, specialization, entrepreneur) and describe various ways goods and services are distributed (e.g., by price, first-come-first-served, sharing equally). DOK 2
KY.PS. Program of Studies 2006
SS-P-E. Big Idea: Economics - Economics includes the study of production, distribution and consumption of goods and services. Students need to understand how their economic decisions affect them, others and the nation as a whole. The purpose of economic education is to enable individuals to function effectively both in their own personal lives and as citizens and participants in an increasingly connected world economy. Students need to understand the benefits and costs of economic interaction and interdependence among people, societies, and governments. (Academic Expectations 2.18)
SS-P-E-S-1. Program of Studies: Skills and Concepts - Students will develop an understanding of the nature of limited resources and scarcity:
SS-P-E-S-1.c) Solve economic problems related to prioritizing resources, saving, loaning and spending money
SS-P-GC. Big Idea: Government and Civics - The study of government and civics allows students to understand the nature of government and the unique characteristics of American democracy, including its fundamental principles, structure, and the role of citizens. Understanding the historical development of structures of power, authority and governance and their evolving functions in contemporary U.S. society and other parts of the world is essential for developing civic competence. An understanding of civic ideals and practices of citizenship is critical to full participation in society and is a central purpose of the social studies. (Academic Expectations 2.14, 2.15)
SS-P-GC-S-1. Program of Studies: Skills and Concepts - Students will demonstrate (e.g., speak, draw, write) an understanding of the nature of government:
SS-P-GC-S-1.c) Investigate how the local government pays for services (by collecting taxes from people who live there)