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6th Grade



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Typical Course of Study

World Book Learning Resources suggests typical courses of study for Kindergarten through 12th Grade. The course of study for 6th Grade is world trade.

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Sixth Grade Financial Concepts

The Fifty Nifty Econ Card program from the Federal Reserve Bank of Kansas City includes recommendations on concept introduction by grade levels K through 6. Here are the recommended concepts for 6th Grade:
  • Shortage: having fewer goods, services or resources available than you want
  • Surplus: having more goods, services or resources available than you want
  • Finance: the management of money
  • Circular Flow: a model of an economy showing the interactions between households and businesses as they exchange goods, services and resources in markets
  • Exchange Rate: ratio at which a unit of currency of one country can be exchanged for that of another country
  • Standard of Living: a level of material comfort in everyday life that is measured by the goods and services available to an individual, group, or nation
  • Economic System: the way a society organizes the production, consumption and distribution of goods and services


Sixth Grade Learning Targets

The Bellingham (Washington) Public Schools Curriculum Department establishes the following learning targets for 6th Grade:

Economics

  • Using knowledge of ancient civilizations, how do limited resources affect the choices people make and how do those choices affect their resources?
  • What are the chief characteristics of effective economic systems and how do such systems evolve?


Academic Standards

Strand 5: Economics, The Social Studies Standard as of May 22, 2006
State of Arizona, Standards and Assessment Division

Concept 1: Foundations of Economics

The foundations of economics are the application of basic economic concepts and decision-making skills. This includes scarcity and the different methods of allocation of goods and services.

Concept 1 Performance Objectives for the 6th Grade

  • PO 1. Identify how limited resources and unlimited human wants cause people to choose some things and give up others.
  • PO 2. Determine how scarcity, opportunity costs, and trade-offs influence decision-making.
  • PO 3. Explain why specialization improves standards of living.
  • PO 4. Compare how money, as opposed to barter, facilitates trade.
  • PO 5. Explain how trade promoted economic growth throughout world regions.

Concept 5: Personal Finance

Decision making skills foster a personís individual standard of living. Using information wisely leads to better informed decisions as consumers, workers, investors and effective participants in society.

Concept 5 Performance Objectives for the 6th Grade

  • PO 1. Compare the cost and benefits of using credit.
  • PO 2. Explain how interest is the price paid to borrow money.
  • PO 3. Describe the factors lenders consider before lending money.

 
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Kids' Money > Teachers > 6th Grade

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