First Grade: Goods & Services

1. .
Economics CSI-R
Lesley Noel
By PresenterMedia.com

2. Content
•
Disciplinary vocabulary:
goods
•
services
Related vocabulary:
barter

3. Standards
STANDARD NGSSS
SS.1.E.1.3 Standard 1: Beginning Economics-Distinguish
between examples of goods and services.
11:00
am
1:00
pm
2:00
pm
3:00
pm
Standards CCSS:
CCSS.ELA-Literacy.CCRA.R.4 Interpret words and phrases as
they are used in a text
CCSS.ELA-Literacy.CCRA.L.6 Acquire and use accurately a
range of general academic and domain-specific words and
phrases sufficient for reading, writing, speaking, and listening
CCSS.ELA-Literacy.CCRA.SL.2 Integrate and evaluate
information presented in diverse media and formats,
including visually, quantitatively, and orally
CCSS.ELA-Literacy.CCRA.W.2 Write informative/explanatory
texts

4. Investigation
First Text
•
•
Fiction:
http://www.kidseconposters.com
/literature-connection/
Who Wants a Cheap Rhinoceros?
Comprehension Questions
1. List the different services the rhinoceros could provide for you
(the consumer).
holding hats
making donuts
scratching backs
protecting you
eating bad report cards
bed warmer
opening cans
helping with knitting
turning ropes
plowing fields
collecting extra allowance
eating scraps
playing battleship
playing records
providing a comfortable place to sit
playing hide and seek

5. Investigation
First Text (con’t)
2) Identify a service the rhinoceros was not great at providing.
He was not great at opening doors.
3) What "good" did the rhinoceros become as he helped provide some of the
services?
Lamp, record player, plow.
4) What service could you provide for the rhinoceros? (Hint: It's on a Sunday!)
On Sunday, you can read him the comics.
5) Based on the list of services the rhinoceros can provide, explain if buying the
rhinoceros would be a good purchase.
Answers may vary. Yes, because the "cheap" unusual pet provides many
uses. No, because my mother wouldn't like such a gigantic pet in the house!

6. Investigation (con’t)
Second Text
http://www.brainpopjr.com/socialstudies/economics/goodsandservices/
Comprehension Questions:
10) What is an example
of a consumer?
(a) a farmer who grows
corn
(b) a person who buys
books
(c) an artist who sells
paintings
(d) a worker who fixes
trucks
2) Which provides
both goods and
services?
(a) a) babysitter
(b) b) a bus driver
c) a post office
d) a family.
3) Moby and Mia decide to
BARTER. Mia will make Moby
a snack. In return, Moby will
wash the dishes for Mia.
What does BARTER mean?
a) to be good friends
b) to disagree or argue
c) to buy goods or services
d) to trade goods or
services.
•
.

7. Report
Show what you know
1) Imagine you are a dollar bill. Write about your journey as people use
you to buy and sell goods and services. Track the money by making your
own interactive map. Mapmaker
link:http://education.nationalgeographic.com/education/mapping/intera
ctive-map/?ar_a=1
2) http://www.econedlink.org/interactives/index.php?iid=101 Go to this
link and play the goods or services game/assessment module.