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3rd 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 3rd Grade is consumers and producers.

Mary Engelbreit and Teacher Created Resources

Third Grade Financial Concepts

The Fifty Nifty Econ Card program from the Federal Reserve Bank of Kansas City includes recommendations on concept introduction by grade levels K through 6. Here are the recommended concepts for 3rd Grade:
  • Bank: a business that provides money services,
  • such as cashing checks, making loans, and paying interest on accounts
  • Account: a record of money deposited or withdrawn from a bank
  • Deposit: money put into a bank account
  • Withdrawal: money taken out of a bank account
  • Interest: payments made for the use of money
  • Incentive: something that influences the behavior of people
  • Consumers: people who buy and/or use goods and services to satisfy wants
  • Producers: people who use resources to make goods and services
  • Employment: an occupation by which a person earns a living
  • Specialization: when people produce only some of the goods and services they consume, then trade with others to get more of the things they want
  • Division of Labor: when workers perform part of a production task

Third Grade Learning Targets

The Bellingham (Washington) Public Schools Curriculum Department establishes the following learning targets for 3rd Grade:


  • How did the resources affect the choices that people made in our local community?
  • How do the choices we made in the past affect the choices we make now?
  • What effect will the choices we make now have on future resources?

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 3rd Grade

  • PO 1. Identify how scarcity requires people to make choices due to their unlimited wants and needs.
  • PO 2. Identify opportunity costs in personal decision-making situations.
  • PO 3. Identify goods and services (e.g., fire and police protection, immunizations, library) provided by local government.
  • PO 4. Give examples of trade in the local community (e.g., farmers supply the grocer).
  • PO 5. Discuss reasons (e.g., labor, raw materials, energy resources) why some goods are made locally and some are made in other parts of the United States and world.
  • PO 6. Discuss how producers use natural, human, and capital resources to create goods and services.

Concept 2: Microeconomics

Microeconomics examines the costs and benefits of economic choices relating to individuals, markets and industries, and governmental policies.

Concept 2 Performance Objectives for the 3rd Grade

  • PO 1. Discuss different ways individuals can earn money.

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 3rd Grade

  • PO 1. Discuss costs and benefits of personal spending and saving choices.

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Kids' Money > Teachers > 3rd Grade

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