What to know Scarcity exists when people want more of something than is available. Because resources are limited, people, businesses, and communities must make choices. Trade lets people exchange what they have for what they need or value. A good economic explanation names the scarce resource, the choice, and the trade-off. Cargo ships move goods between producers and consumers in different parts of the world.
W. Carter · CC0 · image source ↗ 🧭 Use the evidence If one town grows oranges but needs lumber, and another has lumber but wants fruit, scarcity can encourage a trade that helps both.
← Previous 1 of 4 Next lesson →
What to know A good is a physical item; a service is work done for someone. Buyers create demand and sellers provide supply. When demand rises while supply stays limited, prices often rise; when supply is plentiful, prices may fall. Money makes exchange easier than finding a perfect barter match. Cargo ships move goods between producers and consumers in different parts of the world.
W. Carter · CC0 · image source ↗ 🧭 Use the evidence If many families want the last few bicycles, sellers may raise the price. If a store has too many umbrellas after rainy season, it may lower the price.
← Previous 2 of 4 Next lesson →
LESSON 3.3 · SS.3.E.1.2–SS.3.E.1.4
Money, Saving, and Spending Learning goal: Describe useful characteristics of money and reasons people save.
What to know Money is portable, durable, divisible, recognizable, and generally accepted for exchange. Saving sets money aside for a future need or goal; spending uses it now. A plan helps people compare needs, wants, price, and future goals. North American places use different currencies: U.S. dollars, Canadian dollars, Mexican pesos, and several Caribbean currencies. Cargo ships move goods between producers and consumers in different parts of the world.
W. Carter · CC0 · image source ↗ 🧭 Use the evidence Saving part of an allowance each week can make a larger future purchase possible while leaving some money for current needs.
← Previous 3 of 4 Next lesson →
LESSON 3.4 · SS.3.E.1.1 · SS.3.E.1.3–SS.3.E.1.4
Global Trade Connects Us Learning goal: Trace how trade connects resources, producers, transportation, sellers, and consumers.
What to know Imports are goods and services brought into a country; exports are sent to another country. Places trade because climates, skills, technology, and natural resources differ. Transportation and communication connect producers and consumers across long distances. Trade creates choices and interdependence: people rely on work and resources from many places. Cargo ships move goods between producers and consumers in different parts of the world.
W. Carter · CC0 · image source ↗ 🧭 Use the evidence A banana may be grown in a tropical climate, packed by workers, shipped to Florida, sold by a grocer, and purchased with U.S. dollars.
← Previous 4 of 4 Next lesson →
Unit 3 learning map The school’s learning goals are connected to Florida’s Grade 3 Social Studies benchmarks so ideas are learned in context.
SS.3.E.1.1 Scarcity, Choice, and TradeSS.3.E.1.3 Buyers, Sellers, Supply, and DemandSS.3.E.1.2–SS.3.E.1.4 Money, Saving, and SpendingSS.3.E.1.1 · SS.3.E.1.3–SS.3.E.1.4 Global Trade Connects Us
Sources, curriculum references, and media credits Crystal Lake Elementary — Grade 3 Social Studies outline The four local units, essential questions, and learning goals.
Florida DOE — State Academic Standards for Social Studies Current Grade 3 standards used for lesson and practice alignment; Grade 3 begins on PDF page 26.
W. Carter · CC0 Container ship carrying goods for trade
