Indiana Social Studies 2.E.1

Social Studies2nd GradeEconomics

The Standard

Explain the price of and the product received from goods and services and the impact on consumers.

2026 Indiana Academic Standards: K-12 Social Studies

Teacher's field guide

What Students Need to Do: Students read a price and say what a buyer gets for the money. They compare prices with the money they have to decide what they can afford.
What Mastery Looks Like: Given $10, a student can choose between a $4 notebook and an $8 bike repair. They can say what each purchase provides, find the money left, and explain why they cannot buy both.
Common Misconceptions: Some students think paying for a bike repair means getting a new bike. Others confuse the price with the money left over or forget to add prices before buying two things.
How to Assess It: Exit ticket: You have $10. A notebook costs $4, and a bike repair costs $8. Choose one, say what you get, and show how much money you have left.

Lesson moves

Set up a desk shop with $10 in play money, $4 notebooks, and $8 bike repair cards; have students buy one and count their change.
Have students write: With $10, would you buy a $4 notebook or an $8 bike repair, and what would each purchase give you?
Play price match with picture cards, price tags, and $10 budgets; students say what each purchase provides before claiming a match.
Write a sample grocery receipt with $3 apples and a $5 delivery fee; students name what the shopper gets for each charge.

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A ready-to-print activity worksheet aligned to 2.E.1, with an answer key for the teacher on its own page. No account needed.

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