Targeted Content Standards and Benchmarks
National Council for Economics
Education: Grade 4
Standard 1: Scarcity
People who make goods and provide services are called
producers. People whose wants are satisfied by using goods and services are called consumers.
Entrepreneurs are people
who organize other productive resources to make goods and services.
Standard 7: Markets – Price and
Quantity Determination
Markets exist when buyers and sellers interact. This interaction determines market prices
and thereby allocates scarce goods and services.
- A price is what people pay when they buy a good or service, and what they receive when they sell a good or
service.
- A market exists whenever buyers and sellers exchange goods and services.
Standard 14: Profit and the Entrepreneur
Entrepreneurs are people who take the risks
of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to
accept the risks of business failure.
- Entrepreneurs are individuals who are willing to take risks, to develop new products, and start new businesses.
They recognize opportunities, like working for themselves, and accept challenges.
National
Council of Teachers of Mathematics: Grades 3-5
Data Analysis and Probability
Formulate questions
that can be addressed with data and collect, organize, and display relevant data to answer
- design investigations to address a question and consider how data-collection methods affect the nature of
the data set;
- collect data using observations, surveys, and experiments;
- represent data using tables and graphs such as line plots, bar graphs, and line graphs;
- propose and justify conclusions and predictions that are based on data and design studies to further investigate
the conclusions or predictions.
Communication Strategies
Students employ
a wide range of strategies as they write and use different writing process elements appropriately to communicate with different
audiences for a variety of purposes.
Evaluating Data
Students conduct research on issues and interests by generating ideas
and questions, and by posing problems. They gather, evaluate, and synthesize data from a variety of sources (e.g., print and
non-print texts, artifacts, people) to communicate their discoveries in ways that suit their purpose and audience.
Student Objectives
Students will:
- Gather data by conducting a school wide survey to determine product popularity and sales potential
- Summarize findings, draw conclusions, and rank items based on survey and research data
- Present findings in a proposal letter to the school parent group
- Use the Visual Ranking Tool to determine which flower students will sell
