Virginia SOL S.1.g

Social Studies1st Grade

The Standard

using economic decision-making models to make informed economic decisions

Virginia Standards of Learning for History and Social Science

Teacher's field guide

What Students Need to Do: Students name a choice, list two options, and compare the benefits and costs of each one. They choose an option and give a clear reason.
What Mastery Looks Like: A student can use a simple choice chart without help. The student stays within a set budget and explains what was given up.
Common Misconceptions: Students may think they can buy every item or spend more money than they have. They may choose only by preference without comparing price, usefulness, or what they must give up.
How to Assess It: Exit ticket: “You have $3. A pencil costs $3 and a sticker costs $2. Choose one and explain your decision.”

Lesson moves

Give pairs five play dollars, a classroom store menu, and a choice chart to select one item and explain the tradeoff.
Ask students to write: “Would you buy a toy or save your money? Give one reason for your choice.”
Play Choice Card Match, where students match budget cards to affordable item cards and explain each choice.
Use a grocery ad and a $5 budget to choose one snack, compare prices, and name what cannot be purchased.

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