High-stakes standardized tests in reading and limited instructional time are two powerful disincentives for teaching economics in the elementary classroom. In this article, integrating instruction in poetry and economic decision-making is presented as one way to maximize the use of scarce instructional time. Following a brief introduction to the…

This guide is designed to assist fifth and sixth grade teachers who are basically following the New York State curricula. While an effort has been made to include ideas for teaching every concept found in the state's outline, additional concepts have been included for the benefit of those who might go beyond the outline, and for teachers in other…

Discusses "Economics Is FUN-damental," a collection of six musical skits designed to address economic concepts in a manner meaningful and relevant to elementary students. The skits, performed by fourth and fifth graders, are designed to relate economic concepts such as scarcity and supply and demand, to real life situations. (LS)

Describes an elementary school project in which children learned about the terms, issues, and concepts involved in U.S. economic system and the stock market. Emphasizes the importance of reinforcing delayed gratification to break the cycle of poverty for inner-city families. Discusses project goals, special activities, support, and instructional…

Illustrates a fifth grade teaching unit on international economics. Gives suggestions for use at the lower elementary and primary grades and points out that incorporation of economics into the elementary education curriculum can produce economically literate citizens in a cost-effective way. (GG)

Reports on a comparative study of two fifth-grade classes (Louisville, Kentucky) whose members learned economic principles through the establishment of a classroom grocery store. Provides a review of the literature relating to economic education and simulations, discusses the actual classroom instruction, and describes the instrument used to…

Presents results of a study of whether simulation leads to improved understanding of economic concepts among fifth grade students. Reports that simulations were used in instructing 300 children in 10 classes in the southeastern United States. Concludes that the use of simulations and role-playing activities increased student performance in…

Three recurring themes are found in "Choices and Change in Life, School, and Work" lessons for fifth and sixth grade students: human capital development; personal decision making; and participation in the labor market. The teacher's resource manual contains 15 lessons grouped into units, linking 3 lessons to a broad generalization about…

Reports on a study of 43 Italian fifth-graders about their understanding of the functions of banks and the role of monetary interest in banking before and after a lesson on banking. Finds that most children could speak correctly about both deposit and loan interest and their relative amounts after the lesson. (CFR)

A 2-phase project in which fifth grade students create their own country is described. The project offers a strategy for teaching a comprehensive, interdisciplinary unit on economics. In the first phase, students and teacher create an imaginary country. Separate sections outline the teaching procedure involved in this phase: locating the country;…

Described is the development and evaluation of the Micro-Place Social Studies Curriculum, an instructional system for teaching economics and law concepts at the fifth grade level. The curriculum is based on a miniature market economy that requires students to provide food, clothing, and shelter cards for simulated families. Students own businesses…

Geographic, economic, and social/cultural understandings related to the United States, Canada, and Latin America are emphasized in this fifth-grade social studies program. The syllabus contains a teacher notebook that elaborates key features of the program and suggests relevant classroom applications. The notebook includes: (1) the program's 10…

Research and study of economic discoveries, inventions, improvements, and man's use of natural and human resources and capital goods from the Stone Age to the present helped fifth graders understand and appreciate the foundation and structure of the U.S. economic system and today's standards of living. The year-long study, which was integrated…

Developing financial fitness requires developing a knowledge base and then applying it. This teacher guide and student workouts package contains 15 lessons from students at grades 3-5, divided into 4 theme areas of earning and income, saving, spending and borrowing, and managing money. The development of knowledge for use in the everyday life of…

An award winning project for teaching economics at the fifth-grade level is described. Content is based on the theme of the economic repercussions of petty crime. As an initial activity, students examine the economic effects of local vandalism on the community and the taxpayers. Throughout the year, rap sessions provide a vehicle for class…