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Eureka!

Web-based Content

Eureka!

Grade Levels

1st Grade, 2nd Grade, 3rd Grade, Kindergarten

Course, Subject

Related Academic Standards
6.1.3.A 6.1.3.A

Define scarcity and identify examples of resources, wants, and needs.
6.1.3.B 6.1.3.B

Identify needs and wants of people.

Identify examples of natural, human, and capital resources.
6.2.3.E 6.2.3.E
Describe the effect of local businesses opening and closing.
6.5.3.B 6.5.3.B
Identify different occupations.
Expand
  • Big Ideas
    All economic systems must answer what, and how, goods and services will be produced, and who will consume those goods and services.
    Individuals and entities endeavor to obtain goods and services and to accumulate wealth.
    Limited resources and unlimited wants require choices by individuals, groups, and nations.
  • Concepts
    Changes in education, incentives, technology, and capital investment alter productivity.
    Fluctuations of economic activity refer to an economic cycle.
    Incentives, both positive and negative, affect people's choices and behaviors.
    Individuals can increase their employment odds through education, developing, and practicing new skills.
    Profit is an important incentive that leads self-employed to accept the risks of business failure or the rewards of success.
    Scarcity is an economic condition that exists when demand is greater than supply.
  • Competencies
    Describe how growth and decline of economic activity predicts future trends.
    Identify the risks and rewards of entrepreneurship.
    Predict future earnings based on current plans for education, training, and career options.
    Predict the impact of scarcity on price.

Description

Students explore the concept of invention and innovation by studying the use of plastics. Various uses of plastics are discussed and students are asked to list new innovations and then create a new use for plastic.

Web-based Resource

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Eureka!

Content Provider

EconEdLink

 

WHAT IS IT?

EconEdLink provides a premier source of classroom-tested, Internet-based economic and personal finance lesson materials for K-12 teachers and their students. With over 457 lessons to choose from, teachers can use as many of the lessons as they would like and as often as they would like.

WHO IS IT FOR?

The Internet-based lessons are targeted for K-12 teachers and their students. Each of the lessons includes a teacher's version as well as a student's version. Each of the lessons are designed to be delivered in a variety of formats and classroom settings.

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