Step One: What are the desired learning results of this unit? (benchmarks that address content)

7.2.1.1.1: People make informed economic choices by identifying their goals, interpreting and applying data, considering the short-and-long costs and benefits of alternative choices and revising their goals based on their analysis.

7.2.3.3.1: Because of scarcity individuals, organizations and governments must evaluate trade-offs, make choices, and incur opportunity costs.

7.2.4.5.1: Individuals, businesses and governments interact and exchange goods, services and resources in different ways and for different reasons; interactions between buyers and sellers in a market determines the price and quantity exchanged for a good, service, or resource.

7.2.4.6.1: Profit provides an incentive for individuals for businesses; different business organizations and market structures have an effect on the profit, price, and production of goods and services.

Step Two: What essential question(s) will anchor students to learning? (one or more that summarize benchmark)

1. How does supply and demand determine the price of a product?

2. Why must a person take into consideration when saving for an item? 

Step Three: What skills are needed to achieve desired results (nuts and bolts teaching)? (civic skills: evaluate arguments, etc. evident in the benchmarks)

 1. Understanding of vocabulary words related to economics

2. Reading graphs and charts pertaining to economics

3. Keeping a spending diary

4. Evaluate how economics is portrayed in historical examples

Step Four: What is acceptable evidence to show desired results?

1. Lemonade Stand Project

2. Spending Diary

3. Saving Poster

4. Lemonade Stand Questions

5. Historical articles and questions

6. Summative Assessment