Producing Ohio: Professional Development: Correlations to Ohio Social Studies Academic Standard Benchmarks Grades 5-8

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Correlations to Ohio Social Studies Academic Standard Benchmarks Grades 5-8
Producing Ohio: Creating Our Economy is designed to help teachers infuse key economic concepts into activities and projects for fifth and sixth grade students with dual outcomes: to give them the tools they need to learn concepts covered in the Ohio Learning Outcome goals and to prepare them to become consumers and producers who make informed decisions throughout their lives.

Key:
D - Lesson directly addresses the benchmark
S - Lesson supports understanding of the benchmark
U - Lesson addresses a concept underlying the benchmar

Ohio Social Studies
Academic Standards

Lessons

Economics, Grade 5	1	2	3	4	5	6	7	8	9	10	11
1				X	X	X	X
2		X
3	S	U	S
4								S	D	D	S
5				D	D	D	S	D
6						S	D	D
7				S		D	D	D
Economics, Grade 6	1	2	3	4	5	6	7	8	9	10	11
1	S								S
2			U
3			U							U
4									D	D	D
5									D	D	S
6
Economics, Grade 7	1	2	3	4	5	6	7	8	9	10	11
1	S								S	S	S
2	U	U							U	U	U
Economics, Grade 8	1	2	3	4	5	6	7	8	9	10	11
1	U	U	U
2									U	U	U
3									U	U	U
4		U					U
5		U					U

Producing Ohio Videos

Ohio Social Studies
Academic Standards

Videos

Economics, Grade 5	1	2	3	4	5
1		S
2	S				D
3	D				D
4					S
5		D	S	S
6			D	D
7			S	S
Economics, Grade 6	1	2	3	4	5
1	D	S			U
2
3					D
4					D
5	S	D	S	S
6	D
Economics, Grade 7	1	2	3	4	5
1					S
2					S
Economics, Grade 8	1	2	3	4	5
1	U
2	U
3					U
4
5

Ohio Academic Content Standards Benchmarks & Indicators by Grade Level
Social Studies: Economics

By the end of the 3-5 program:

Economics

Explain the opportunity costs involved in the allocation of scarce productive resources.
Explain why entrepreneurship, capital goods, technology, specialization and division of labor are important in the production of goods and services.
Explain how competition affects producers and consumers in a market economy and why specialization facilitates trade.

Social Studies Skills and Methods

Obtain information from a variety of primary and secondary sources using the component parts of the source.
Use a variety of sources to organize information and draw inferences.
Communicate social studies information using graphs or tables.
Use problem-solving skills to make decisions individually and in groups.

Grade 5:

Scarcity and Resource Allocation

1. Compare different allocation methods for scarce goods and services such as prices, command, first-come-first-served, sharing equally, rationing and lottery.

2. Explain that individuals in all economies must answer the fundamental economic questions of what to produce, how to produce, and for whom to produce.

Production, Distribution and Consumption

3. Explain how education, specialization, capital goods and the division of labor affect productive capacity.

Markets

4. Explain how regions in North America become interdependent when they specialize in what they produce best and then trade with other regions inside and outside North America to increase the amount and variety of goods and services available.

5. Explain the general relationship between supply, demand and price in a competitive market.

6. Explain why competition among producers/sellers results in lower costs and prices, higher product quality, and better customer service.

7. Explain why competition among consumers/buyers results in higher product prices.

By the end of the 6-8 program:

Economics

Explain how the endowment and development of productive resources affect economic decisions and global interactions.
Explain why trade occurs and how historical patterns of trade have contributed to global interdependence.
Identify connections between government policies and the economy.

Social Studies Skills and Methods

Analyze different perspectives on a topic obtained from a variety of sources.
Organize historical information in text or graphic format and analyze the information in order to draw conclusions.
Present a position and support it with evidence and citation of sources.
Work effectively in a group.

Grade 6:

Scarcity and Resource Allocation

1. Explain how the availability of productive resources and entrepreneurship affects the production of goods and services in different world regions.

2. Explain that most decisions involve trade-offs and give examples.

Markets

3. Explain why trade occurs when individuals, regions and countries specialize in what they can produce at the lowest opportunity cost and how this causes both production and consumption to increase.

4. Identify goods and services that are imported and exported and explain how this trade makes countries interdependent.

5. Describe how supply and demand help to set the market clearing price for goods and services and how prices reflect the relative scarcity of goods and services.

Government and the Economy

6. Distinguish between goods and services typically produced by the private sector and the public sector.

Grade 7:

Scarcity and Resource Allocation	1. Compare the endowment of productive resources in world regions and explain how this endowment contributed to specialization, trade and interdependence in ancient times.
Markets	2. Describe the growth of cities and the establishment of trade routes in Asia, Africa and Europe; the products and inventions that traveled along these routes (e.g., spices, textiles, paper, precious metals and new crops); and the role of merchants.

Grade 8:

Scarcity and Resource Allocation

1. Explain how the uneven distribution of productive resources influenced historic events such as the Civil War.

Markets

2. Discuss how mercantilism and the establishment of colonies led to increased global trading during the 17th and 18th centuries.

3. Explain the purpose and effects of trade barriers such as tariffs enacted before the Civil War.

Government and the Economy

4. Explain how lack of power to regulate the economy contributed to the demise of the Articles of Confederation and the creation of U.S. Constitution.

5. Explain how governmental protection of property rights and regulation of economic activity impacted the development of the U.S. economy.