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1st Grade

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Typical Course of Study

World Book Learning Resources suggests typical courses of study for Kindergarten through 12th Grade. The course of study for 1st Grade is the value of a penny, nickel, dime and quarter.

Mary Engelbreit and Teacher Created Resources

First Grade Financial Concepts

The Fifty Nifty Econ Card program from the Federal Reserve Bank of Kansas City includes recommendations on concept introduction for grade levels K through 6. Here are the recommended concepts for 1st Grade:
  • Resources: things used to make goods and services
  • Barter: to trade goods and services without using money
  • Money: a good used to buy other goods and services
  • Earn: to receive money for doing work
  • Spend: to use money to buy goods and services
  • Save: to keep money to spend later

Academic Standards

Strand 5: Economics, The Social Studies Standard as of May 22, 2006
State of Arizona, Standards and Assessment Division

Concept 1: Foundations of Economics

The foundations of economics are the application of basic economic concepts and decision-making skills. This includes scarcity and the different methods of allocation of goods and services.

Concept 1 Performance Objectives for the 1st Grade

  • PO 1. Discuss the difference between basic needs and wants.
  • PO 2. Recognize that people need to make choices because of limited resources.
  • PO 3. Recognize that some goods are made locally and some are made elsewhere.
  • PO 4. Recognize that people are buyers and sellers of goods and services.
  • PO 5. Recognize various forms of U.S. currency.
  • PO 6. Recognize that people save money for future goods and services.

Concept 5: Personal Finance

Decision making skills foster a personís individual standard of living. Using information wisely leads to better informed decisions as consumers, workers, investors and effective participants in society.

Concept 5 Performance Objectives for the 1st Grade

  • PO 1. Discuss reasons for personal savings.

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Kids' Money > Teachers > 1st Grade

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