Social Studies Worksheets and Study Guides Fifth Grade. Economics

The resources above correspond to the standards listed below:

Vermont Standards

VT.6.11. Citizenship: Institutional Access: Students analyze the access that various groups and individuals have had to justice, reward, and power, as those are evident in the institutions in various times in their local community, in Vermont, in the United States, and in various locations world wide.
H&SS5-6:16. Grade Level Expectation: Students examine how different societies address issues of human interdependence by:
5-6:16.g. Identifying examples of interdependence among states and nations (e.g., natural resources).
VT.6.15. Economics: Knowledge of Economic Principles: Students use the basic principles of economics to interpret local, state, national, and international economic activity.
H&SS5-6:18. Grade Level Expectation: Students show an understanding of the interaction/ interdependence between humans, the environment, and the economy by:
5-6:18.a. Tracing the production, distribution, and consumption of goods in the U.S. (e.g., creating a map showing the flow of oil to and from the U.S.; creating a map depicting the African slave trade).
H&SS5-6:19. Grade Level Expectation: Students show understanding of the interconnectedness between government and the economy by:
5-6:19.a. Identifying goods and services provided by local, state, and national governments (e.g., disaster relief, business subsidies) and why these are needed.
5-6:19.b. Explaining the relationship between taxation and governmental goods and services in the U.S. (e.g., given data, students create a pie chart of budget allocations).
H&SS5-6:20. Grade Level Expectation: Students make economic decisions as a consumer, producer, saver, investor, and citizen by:
5-6:20.a. Defining and applying basic economic concepts such as supply and demand, price, market and/or opportunity cost in an investigation of a regional or national economic question or problem (e.g., what were the opportunity costs of westward migration?).
5-6:20.b. Explaining what happens when people's needs and/or wants exceed their available resources (e.g., analyzing photographs from the Dust Bowl).
5-6:20.c. Comparing price, quality, and features of goods and services.
VT.6.16. Economics: Impact of Economic Systems: Students evaluate the impact of economic systems on the needs and wants of all people and on the environment in various times in their local community, in Vermont, in the United States, and in various locations world wide.
H&SS5-6:18. Grade Level Expectation: Students show an understanding of the interaction/ interdependence between humans, the environment, and the economy by:
5-6:18.a. Tracing the production, distribution, and consumption of goods in the U.S. (e.g., creating a map showing the flow of oil to and from the U.S.; creating a map depicting the African slave trade).
H&SS5-6:19. Grade Level Expectation: Students show understanding of the interconnectedness between government and the economy by:
5-6:19.a. Identifying goods and services provided by local, state, and national governments (e.g., disaster relief, business subsidies) and why these are needed.
5-6:19.b. Explaining the relationship between taxation and governmental goods and services in the U.S. (e.g., given data, students create a pie chart of budget allocations).
H&SS5-6:20. Grade Level Expectation: Students make economic decisions as a consumer, producer, saver, investor, and citizen by:
5-6:20.a. Defining and applying basic economic concepts such as supply and demand, price, market and/or opportunity cost in an investigation of a regional or national economic question or problem (e.g., what were the opportunity costs of westward migration?).
5-6:20.b. Explaining what happens when people's needs and/or wants exceed their available resources (e.g., analyzing photographs from the Dust Bowl).
5-6:20.c. Comparing price, quality, and features of goods and services.
VT.6.17. Economics: Governments and Resources: Students understand how governments affect the flow of resources, goods, and services.
H&SS5-6:18. Grade Level Expectation: Students show an understanding of the interaction/ interdependence between humans, the environment, and the economy by:
5-6:18.a. Tracing the production, distribution, and consumption of goods in the U.S. (e.g., creating a map showing the flow of oil to and from the U.S.; creating a map depicting the African slave trade).
H&SS5-6:19. Grade Level Expectation: Students show understanding of the interconnectedness between government and the economy by:
5-6:19.a. Identifying goods and services provided by local, state, and national governments (e.g., disaster relief, business subsidies) and why these are needed.
5-6:19.b. Explaining the relationship between taxation and governmental goods and services in the U.S. (e.g., given data, students create a pie chart of budget allocations).
H&SS5-6:20. Grade Level Expectation: Students make economic decisions as a consumer, producer, saver, investor, and citizen by:
5-6:20.a. Defining and applying basic economic concepts such as supply and demand, price, market and/or opportunity cost in an investigation of a regional or national economic question or problem (e.g., what were the opportunity costs of westward migration?).
5-6:20.b. Explaining what happens when people's needs and/or wants exceed their available resources (e.g., analyzing photographs from the Dust Bowl).
5-6:20.c. Comparing price, quality, and features of goods and services.
VT.6.9. Citizenship: Meaning of Citizenship: Students examine and debate the meaning of citizenship and act as citizens in a democratic society.
H&SS5-6:16. Grade Level Expectation: Students examine how different societies address issues of human interdependence by:
5-6:16.g. Identifying examples of interdependence among states and nations (e.g., natural resources).