Florida SS.5.E.1

SS.5.E.1 is a Florida social studies standard. These are the benchmarks under it.

• SS.5.E.1.1

  Identify how trade promoted economic growth in North America from pre-Columbian times to 1850.

• SS.5.E.1.2

  Describe a market economy, and give examples of how the colonial and early American economy exhibited these characteristics.

• SS.5.E.1.3

  Trace the development of technology and the impact of major inventions on business productivity during the early development of the United States.

01

What Students Need to Do

Students explain how buyers and sellers make choices about goods and services. They describe how supply, demand, prices, competition, and profit affect those choices.

02

What Mastery Looks Like

Students can identify producers and consumers in a scenario. They can explain why a price might rise or fall and how competition can change business decisions.

03

Common Misconceptions

Students may think a market must be a physical place. They may believe sellers can charge any price without affecting demand, or that profit means total sales.

04

How to Assess It

Give this exit ticket: Two stores sell the same toy, but one lowers its price. Explain how buyers and the other store might respond.

1. 01

   Give groups play money and classroom goods, then change the supply and record how prices and buying choices respond.

2. 02

   Ask students to write why two pizza shops on the same street might offer different prices, sizes, or toppings.

3. 03

   Play a supply and demand card game where event cards change available goods or the number of buyers.

4. 04

   Compare prices for one grocery item at three local stores, then list reasons the prices may differ.

• SS.4.E.1

  Beginning Economics

• SS.1.E.1

  Beginning Economics

• SS.K.E.1

  Beginning Economics