Wisconsin Economic Standard
Specialization and Trade
Identify local goods and services that are part of the global economy and explain
their use in Wisconsin
Goods || Services
|| Exports || Imports
Links to Content Information
Links to Lesson Plans and other Suggested Teaching Strategies
exchange of goods and services and connections with the world. This
description and student activity are based on Maryland, but could be revised for use in
Wisconsin. For grades 4-5.
||Made in the USA -
Grades 2-4. Students map products made in the United States. Students discuss regional
interdependence and identify goods the U.S. produces and trades. Students describe how
economic links make Americans more alike, and locate major manufacturing centers in the
||Picture a Business -
Grades K-2. For this activity, children create helpful books about local businesses to
show what resources are available to their community.
List of Curricular Materials and Learning Activities
||Master Curriculum Guide in Economics: Teaching Strategies K-2,
from Economics America
available from EconomicsWisconsin. Part
1, Lessons 2-4: Economic Wants and Consumers - Students learn the economic concepts:
wants, goods, services, and consumer.
||Master Curriculum Guide in Economics: Teaching Strategies 3-4, from
(search catalogue), available
from EconomicsWisconsin. Lesson 2:
Service with a Smile - After learning about goods and services and resources, students
make a coupon book of services to offer to their family.
||The Community Publishing Company - Grades 3-5. In this series of
33 lessons, students explore their communities, then write reports, form a publishing
company, and manufacture and sell their book. Through this involving and motivating
program, students learn economic concepts: scarcity, opportunity cost and trade-offs,
productivity, economic institutions and incentives, exchange, money, and interdependence,
markets and prices, supply and demand. From Economics America
available from EconomicsWisconsin.
||Section B: Productive Resources - Grades 2-6. Lessons 1-5. In Unit
1 of Eco-Sense: It's Elementary from Business Economic Education Foundation, 123
North Third Street, Suite 504, Minneapolis, MN 55401; (612) 337-5252. Economic Concepts:
Resources, goods, services, needs, wants.
National Content Standards 5 and 6 and their benchmarks
Email an expert
Professor Mark Schug, University of