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Standards for Grade 1
392. ECONOMIC FUNDAMENTALS.
| Standard - The student will: |
Content Knowledge and Skills: |
Bank Jr.com |
Bankjr.com Topic |
| 01. Understand basic economic concepts. |
| a. Identify the basic needs of people such as food, clothing, and shelter. |
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The Basics of Budgeting |
| b. Identify ways people meet their needs by sharing, trading, and using money to buy goods and services. |
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Bartering
The Basics of Budgeting
What do I do with Money?
Credit
Savings Account |
| c. Name things that people may want but do not need and explain the difference. |
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The Basics of Budgeting |
| d. Identify ways to save money for future needs and wants. |
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Savings Account |
| e. Identify chores that children can do at home or in the classroom to be helpful and responsible. |
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Earning money |
393. ECONOMIC INFLUENCES.
Economic Influences standards do not apply at this grade level.
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