Grade 5 · Social Studies · Lesson 24

Economics review & presentation

You have spent a whole unit learning the BIG IDEAS of economics. Today is the REVIEW and the PRESENTATION. First we will round up every important term you met — needs, wants, goods, services, supply, demand, scarcity, trade-off, budget, saving, entrepreneur, import, export. Then you will plan a short presentation that walks a younger student through what economics is and why it matters every single day.

What this lesson teaches

1Review the key economics terms from the unit
2Match each term with its correct definition
3Outline a clear presentation about economics
4Explain one economics idea using a real example

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