Stage 1- Desired Results
Students will be able to independently use their learning to…
  • Apply concepts and systems of economics to participate productively in a world economy

Social Studies:
  • CS.6: Give examples that show the meaning of the following concepts: authority, fairness, justice, responsibility, and rules.
  • CS.7: Use words relating to work, such as jobs, money, buying, and selling. (E)
  • CS.8: Give examples of how family members, friends, or acquaintances use money directly or indirectly (e.g., credit card or check) to buy things they want.
  • LS.7- Use words relating to work, such as jobs, money, buying, and selling.
  • LS.8– Give examples of different kinds of jobs that people do.
  • LS.10- Give examples of the things that people buy with the money they earn.

English Language Arts:
  • RL.10: Actively engage in group reading activities with purpose and understanding
  • RI.3: With prompting and support describe the connection between the pieces of information in an informational text.
  • W.1: Use a combination of drawing, dictating, and writing to compose opinion pieces in which they tell a reader the topic they are writing about and state an opinion or preference about the topic.
  • W.2: Use a combination of drawing, dictating and writing to compose informative/explanatory texts in which they name what they are writing about and supply some information about the topic.
Essential Questions

  • What are wants and needs?

  • How we decide what to use our money for?
  • How are products manufactured?
  • Why are goods and services bought and sold?
Big Ideas


Enduring Understandings

There is a difference between wants and needs. A need is something you can not live without. A want is something you would like to have, but can live without it.

  • Money is used to purchase goods.
  • Manufacturing produces goods that people want and need.
  • Buying and selling is a form of trade.
Students will know:
  • What their own basic needs are (food, clothing, shelter).
  • That money is used to purchase goods or services.
  • The difference between needs and wants.
  • The purpose of trade.
  • The steps to manufacture a product.
Students will be skilled at …
  • Identifying basic needs.
  • Purchasing goods with money.
  • Distinguishing the difference between needs and wants.
  • Giving examples of what it means to trade.
  • Following instructional steps to manufacture a product.
Stage 2- Assessment Evidence
Performance Tasks:

  • The students will make a 5 page booklet. The booklet will include a cover including their name and title “My Wants and Needs”, On the first 4 pages the students will cut out 2 needs and 2 wants from advertisements’ given. On the bottom of the Needs and Wants pages will be a cloze sentence for the students to complete. The students will glue the advertisement picture they chose and below the pictures will be a written statement stating “This item is a want/need. Why? . Students will circle correct response want or need and give an explanation. On the last page the students will draw a picture of an item they purchased at the school store. On the bottom there will be a written statement saying “I purchased this item from the store because It is a want/need. Students will share their books with their peers. The teacher will briefly summarize the lessons and the activities the students participated in. Teacher will observe and ask the students questions about their book grading them using the CEPA rubric. (See Curriculum Embedded Performance Assessment in Model Curriculum Unit).

  • School Store (See Model Curriculum Unit-Lesson 4)

  • Wants and Needs T Chart (See Model Curriculum Unit- Lesson 1)
  • Trading Objects with Other Students (See Model Curriculum Unit- Lesson 2)
  • Manufacturing a Product (See Model Curriculum Unit-Lesson 3)
  • Advertising a Product (See Model Curriculum Unit-Lesson 3)

Student Self-Assessment:
Stage 3- Learning PlanK Unit on Wants and Needs



Massachusetts Model Curriculum Unit: Manufacturing, Buying, and Selling

Contained in the SS K Unit of Wants and Needs Above:
Clip from United Streaming on wants and needs.
The difference Between Wants and Needs clip from Understanding Economincs. Segment: Barter vs. Money.