Idaho Social Studies 3.SS.3.4

Social Studies3rd GradeEconomics

The Standard

Identify different examples of making an economic choice, including consumption of goods and services, using a bank, investing, and budgeting.

Idaho Content Standards: K-12 Social Studies

Teacher's field guide

What Students Need to Do: Students identify money choices in everyday situations, such as buying a product or paying for a service. They also recognize choices to use a bank, invest money, or make a budget.
What Mastery Looks Like: A student can read a short story, name the money choice, and explain it. They can tell a purchase from a bank deposit or an investment. They can make a simple budget that stays within a set amount.
Common Misconceptions: Students may call a haircut a good because they get a result, or think a bank deposit is a purchase. They may think an investment guarantees more money, or that a budget means spending everything.
How to Assess It: On an exit ticket, ask students to label these choices: buy a notebook, pay for a haircut, deposit $5 at a bank, invest $5 in a lemonade stand, and plan how to use $20. Have them explain one label.

Lesson moves

Give pairs $20 in play money and cards for a book, haircut, bank deposit, and lemonade stand investment; have them draft a budget.
Ask, 'How is paying for a haircut different from buying a comb, and why might someone deposit money at a bank?'
Deal choice cards, such as buying crayons or planning weekly spending, and have students sort them under goods, services, bank, investing, or budgeting.
Use a grocery flyer and a $15 limit; students choose items, total the cost, and decide whether to deposit any change at a bank.

Free download

A ready-to-print activity worksheet aligned to 3.SS.3.4, with an answer key for the teacher on its own page. No account needed.

PDF, US Letter, prints cleanly in black and white.

Keep exploring

Grade, subject, topic, and the complete standard are prefilled. Create one free, no account needed.