Economics and PFL Resources for Elementary
Grade Level Econ GLEs and EOs
G GLE 1 Ownership as a component of economics
Evidence Outcomes-Students can:
K
a. Give examples of ownership of different items
b. Recognize and give examples one of how a person may want to
use another’s object and how this requires asking permission
and sharing
GLE 2. . Discuss how purchases can be made to meet wants and
needs (PFL)
Evidence Outcomes-Students can:
a. Identify the difference between personal wants and needs
b. Give examples of the difference between spending income on
something you want versus something you need
E
GLE 1 People work at different types of jobs and in
different types of organizations to produce goods and
services and receive an income
Evidence Outcomes-Students can:
1
a. Give examples of different types of business and the goods and
services they produce for the community
b. Give examples of types of jobs people in your family have
c. Recognize that people have a choice about what kinds of jobs
they do
Resources
1a http://www.ccle.fourh.umn.edu/Elementary.htm Lesson listed in left
column--Property: Ownership, Respect, and Responsibility
Does the Crocodile Hunter Hunt Crocs? …Choice (Based on animals in
Australia but loosely connected to GLEs/EOs)
http://www.econedlink.org/lessons/index.php?lesson=362&page=teacher
1b That's Not Fair! How Do We Share?
http://www.econedlink.org/lessons/index.php?lesson=252&page=teacher
2a A Perfect Pet: Wants
http://www.econedlink.org/lessons/index.php?lesson=468&page=teacher
2a Needs v wants
http://pbskids.org/itsmylife/money/managing/article2.html
2a/b "Do You Really Need It?" What do you want? need? difference?
http://curriculum.financialeducation.citigroup.com/citi/financialeducation/
curriculum/kids.htm#
2a Wants and Needs
http://tcaassets.org/public/lesson-plans/grade-one-wants-and-needs.pdf
1a,b,c: Goods and Services; jobs in the community
http://www.econedlink.org/lessons/index.php?lesson=642&page=teacher
1a: Build Your Community…businesses
http://www.econedlink.org/lessons/index.php?lesson=285&page=teacher
Community Helpers are at Your Service: Goods and Services/Role of
Government
http://www.econedlink.org/lessons/index.php?lesson=454&page=teacher
We Can Earn Money (or) Working Hard for a Living
http://www.econedlink.org/lessons/index.php?lesson=465&page=teacher
1bc Jobs http://tcaassets.org/public/lesson-plans/grade-one-jobs.pdf
GLE 2. Identify short-term financial goals (PFL)
Evidence Outcomes-Students can:
a. Define a short-term financial goal
b. Identify examples of short-term financial goals
c. Discuss sources of income needed to meet short-term goals
such as but not limited to gifts, borrowing, allowances, and
income
2abc The ABCs of Saving: Setting a goal and saving to reach it
http://www.econedlink.org/lessons/index.php?lesson=414&page=teacher
2abc Setting Money goals
http://pbskids.org/itsmylife/money/managing/article3.html
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GLE 1 The scarcity of resources affects the choices of
individuals and communities
Evidence Outcomes-Students can:
2
a. Explain scarcity
b. Identify goods and services and recognize examples of each
c. Give examples of choices people make when resources are
scarce
d. Identify possible solutions when there are limited resources and
unlimited demands
GLE 2. Apply decision-making processes to financial
decisions (PFL)
Evidence Outcomes-Students can:
2a Every Penny Counts Decision-making
http://www.econedlink.org/lessons/index.php?lesson=461&page=teacher
a. Identify components of financial decision-making including
gathering, evaluating, and prioritizing information based on a
financial goal, and predicting the possible outcome of a decision
b. Differentiate between a long-term and a short-term goal
GLE 1 Describe producers and consumers and how goods and
services are exchanged
Evidence Outcomes-students can:
1a and c Toys for Me: A Lesson on Choice
http://www.econedlink.org/lessons/index.php?lesson=517&page=teacher
opportunity cost is part of the lesson which is a 4th EO
b and d: Mystery Workers-goods, services, resources
http://www.econedlink.org/lessons/index.php?lesson=540&page=teacher
1b Woof! Woof! At Your Service…Goods and Services
http://www.econedlink.org/lessons/index.php?lesson=194&page=teacher
3
a. Describe the difference between producers and consumers and
explain how they need each other
b. Describe and give examples of forms of exchange including but
not limited to trade and barter
c. Describe how the exchange of goods and services between
businesses and consumers affects all parties
d. Recognize that different currencies and forms of exchange that
exist and list the functions of money to include but not limited to
such topics as medium of exchange, store of value, and measure
of value
e. Give examples of how trade benefits individuals and
communities and increases interdependency
2b Wishes and goals A 3rd grade lesson with some adaptable ideas
http://home.earthlink.net/~bmgei/educate/docs/fperson/l-plans/ph-g3-1.htm
1a: Little Bill the Producer! Producers and resources
http://www.econedlink.org/lessons/index.php?lesson=564&page=teacher
We are Producers and consumers—families as producers/consumers
http://www.econedlink.org/lessons/index.php?lesson=457&page=teacher
Communities - What They Provide For Us
http://www.econedlink.org/lessons/index.php?lesson=310&page=teacher
Simple Simon Meets a Producer
http://www.econedlink.org/lessons/index.php?lesson=464&page=teacher
1bd: A Pet For Beans … barter and exchange
http://www.econedlink.org/lessons/index.php?lesson=289&page=teacher
1c: No Funny Money…Money and its characteristics
http://www.econedlink.org/lessons/index.php?lesson=460&page=teacher
1bc Norman Rockwell's 'Curiosity Shop' …Exchange
http://www.econedlink.org/lessons/index.php?lesson=269&page=teacher
1abc Ben & Jerry's Flavor Graveyard
http://www.econedlink.org/lessons/index.php?lesson=374&page=teacher
1bcd The Story of Jack and the Bank Stalk
http://www.econedlink.org/lessons/index.php?lesson=66&page=teacher
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1d: The Changing Face of Money…characteristics of
http://www.econedlink.org/lessons/index.php?lesson=179&page=teacher
1d Making Cents out of Centimes
http://www.econedlink.org/lessons/index.php?lesson=329&page=teacher
1e Where Did You Come From? Trade and interdependence
http://www.econedlink.org/lessons/index.php?lesson=EM448&page=teacher#
GLE 2. Describe how to meet short term financial goals
(PFL)
Evidence Outcomes-Students can:
a. Identify sources of income including gifts, allowances, and
earnings
b. Recognize that there are costs and benefits associated with
borrowing to meet a short-term financial goal
c. Identify jobs children can do to earn money for personal,
philanthropic, or entrepreneurial goals
d. Create a plan for a short-term financial goal
e. Describe the steps necessary to reach short-term financial goals
GLE 1 People respond to positive and negative
incentives
Evidence Outcomes-Students can:
4
a. Define positive and negative economic incentives
b. Give examples of the kinds of goods and services produced in
Colorado in different historical periods and their connection to
economic incentives
c. Explain how the productive resources – natural, human, and
capital– of Colorado have influenced the types of goods
produced and services provided
2a Money Doesn't Grow on Trees…sources of income
http://www.econedlink.org/lessons/index.php?lesson=475&page=teacher
2a,d,e Money Comes and Goes …income, savings, budget
http://www.econedlink.org/lessons/index.php?lesson=483&page=teacher
2ac Making Money PBS
http://pbskids.org/itsmylife/money/making/index.html
1a What Are Incentives? A lesson
http://www.econedlink.org/lessons/index.php?lesson=379&page=teacher
1a Incentives Influence Us!
http://www.econedlink.org/lessons/index.php?lesson=378&page=teacher
1a Clipping Coupons: Incentives
http://www.econedlink.org/lessons/index.php?lesson=382&page=teacher
1a What Are Incentives?
http://www.econedlink.org/lessons/index.php?lesson=379&page=teacher
1a Economic Incentives in Our Community
http://www.econedlink.org/lessons/index.php?lesson=390&page=teacher
1 c The Little Red Hen: Resources (will need to adapt for CO)
http://www.econedlink.org/lessons/index.php?lesson=389&page=teacher
1c The Color of Resources …types of resources
http://www.econedlink.org/lessons/index.php?lesson=711&page=teacher
GLE 2. The relationship between choice and opportunity
cost (PFL)
Evidence Outcomes-Students can:
a. Define choice and opportunity cost
b. Analyze different choices and their opportunity costs
2a,b,c Off to Interactive Island a k-2 lesson on Opportunity Cost
http://www.econedlink.org/lessons/index.php?lesson=178&page=teacher
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c. Give examples of the opportunity costs for individual decisions
d. Identify risks that individuals face (PFL)
e. Analyze methods of limiting financial risk (PFL)
GLE 1 Government and market structures influence
financial institutions
Evidence Outcomes-Students can:
5
a. Define a capitalist market economy
b. Identify governmental activities that affect financial institutions
and the economy at the local, state, and national level
2abc You Decide!
http://www.econedlink.org/lessons/index.php?lesson=396&page=teacher
2abc Jelly Belly Jam
http://www.econedlink.org/lessons/index.php?lesson=365&page=teacher
1a What is Competition? Competition, Decision-making, market economy
http://www.econedlink.org/lessons/index.php?lesson=509&page=teacher
1a Laura Ingalls Wilder's Frontier Town …markets& competition
http://www.econedlink.org/lessons/index.php?lesson=384&page=teacher
1b Taxation without Representation? Pre-Revolution/role of govt
http://www.econedlink.org/lessons/index.php?lesson=356&page=teacher
1b Tic Tac Taxes! …role of government
http://www.econedlink.org/lessons/index.php?lesson=370&page=teacher
1b Free Ride…role of government
http://www.econedlink.org/lessons/index.php?lesson=198&page=teacher
1b Government Goods and Services http://tcaassets.org/public/lessonplans/ grade-five-government-goods-and-services.pdf
GLE 2. Use of financial institutions to manage personal finances
(PFL)
Evidence Outcomes-Students can:
2a Banks, Bankers, Banking
a. Identify different financial institutions
b. Identify the products and services of financial institutions to
include but not limited to such topics as checking accounts,
savings accounts, investments, and loans
c. Compare and contrast financial institutions, their products, and
services
http://www.econedlink.org/lessons/index.php?lesson=358&page=teacher
2a,b Big Banks, Piggy Banks: Banking, Savings, interest
http://www.econedlink.org/lessons/index.php?lesson=455&page=teacher
2c Buy A Bond, James!: A Lesson on U.S. Savings Bonds
http://www.econedlink.org/lessons/index.php?lesson=385&page=teacher
2c Getting a Grip on Credit, with interactive resources
http://www.aba.com/ABAEF/gsac.htm
Additional Sources
It's My Life (Mad Money, Making Money, Spending Smarts) It's My Life invites students aged 9-12 to read informative articles, share stories, play
games, engage in offline activities, take quizzes and polls, and watch video clips of other kids talking about their feelings and experiences and get advice
on important topics. The Money section includes a variety of content focused on making, managing, and spending money.
http://curriculum.financialeducation.citigroup.com/citi/financialeducation/curriculum/kids.htm money lessons for K-2 and 3-5
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http://www.ecb.org/finance/index.html Wisconsin public television programs for all grade levels
http://www.orangekids.com PLANET ORANGE is a free, online program that promotes financial literacy and allows kids and their parents to explore
basic financial topics such as saving, budgeting, investing and spending. The site includes a Teachers Resource Center which provides 18
downloadable lesson plans, and a Curriculum Matrix to assist teachers with their state standards related to personal finance.
http://www.aba.com/ABAEF/tcts.htm Teach Children to Save program has partnered banks with students for lessons on the importance of saving.
http://www.moneyinstructor.com/elementary.asp This category includes elementary economic material for primary education, kindergarten through 6th
grade. These lessons, lesson plans, and worksheets will introduce your students to consumer economics and very basic economic principles, while
reinforcing other basic skills such as money recognition and basic math; free limited membership.
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