Indiana Content Area Standards

• Social Studies. Grade 3: Economics: Standard 4

  Students explain how people in the local community make choices about using goods, services and productive resources; how they engage in trade to satisfy their economic wants and needs; how they use a variety of sources to gather and apply information about economic changes in the community; and how they compare costs and benefits in economic decision making.

  • 3.4.1 Economics: Give examples from the local community that illustrate the scarcity of productive resources. Explain how this scarcity requires people to make choices and incur opportunity costs.
  • 3.4.4 Economics: Define interdependence and give examples of how people in the local community depend on each other for goods and services.
  • 3.4.7 Economics: Illustrate how people compare benefits and costs when making choices and decisions as consumers and producers.

• Social Studies. Grade 4: Economics: Standard 4

  Students study and compare the characteristics of Indianas changing economy in the past and present.

  • 4.4.10 Economics: Explain how people save, develop a savings plan, and create a budget in order to make a future purchase.
  • 4.4.4 Economics: Explain that prices change as a result of changes in supply and demand for specific products.
  • 4.4.9 Economics: Identify important goods and services provided by state and local governments by giving examples of how state and local tax revenues are used.

• English Language Arts.Grade 3.RV.1

  Build and use accurately conversational, general academic, and content-specific words and phrases.

  • Vocabulary in Literature and Nonfiction Texts.3.RV.3.2: Determine the meanings of general academic and content-specific words and phrases in a nonfiction text relevant to a third grade topic or subject area.

• English Language Arts.Grade 3.SL.1

  Listen actively and adjust the use of spoken language (e.g., conventions, style, vocabulary) to communicate effectively with a variety of audiences and for different purposes.

  • Discussion and Collaboration.3.SL.2.1: Engage effectively in a range of collaborative discussions (one-on-one, in groups, and teacher-led) on grade- appropriate topics and texts, building on others ideas and expressing personal ideas clearly.

• English Language Arts.Grade 4.RV.1

  Build and use accurately general academic and content-specific words and phrases.

  • Vocabulary in Literature and Nonfiction Texts.4.RV.3.2: Determine the meanings of general academic and content-specific words and phrases in a nonfiction text relevant to a fourth grade topic or subject area.

• English Language Arts.Grade 4.SL.1

  Listen actively and adjust the use of spoken language (e.g., conventions, style, vocabulary) to communicate effectively with a variety of audiences and for different purposes.

  • Discussion and Collaboration.4.SL.2.1: Engage effectively in a range of collaborative discussions (one-on-one, in groups, and teacher-led) on grade- appropriate topics and texts, building on others ideas and expressing personal ideas clearly.

• English Language Arts.Grade 5.RV.1

  Build and use accurately general academic and content-specific words and phrases.

  • Vocabulary in Literature and Nonfiction Texts.5.RV.3.2: Determine the meaning of general academic and content-specific words and phrases in a nonfiction text relevant to a fifth grade topic or text.

• English Language Arts.Grade 5.SL.1

  Listen actively and adjust the use of spoken language (e.g., conventions, style, vocabulary) to communicate effectively with a variety of audiences and for different purposes.

  • Discussion and Collaboration.5.SL.2.1: Engage effectively in a range of collaborative discussions (one-on-one, in groups, and teacher-led) on grade- appropriate topics and texts, building on others ideas and expressing personal ideas clearly.