Integrating Economics in the Classroom

         When thinking about economics in the classroom, one doesn't usually think elementary school. However economics can be incorporated into everyday learning in the lower elementary levels too! "Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals." Economics is a part of everyday life so it is important for students to become acquainted with the concepts of economics early on, and for teachers to explain to students the real life application to what they are learning. Integrating economics in the classroom can be accomplished by teaching students about career education, history, consumer education, community studies, and geography. By learning through these concepts, students earn an understanding of the importance of economics through a variety of topics. It is essential for students to understand these concepts to be a successful member of society, and to learn how the economy works.

         Teachers can develop engaging economics lessons such as creating a school store. Incorporating a school store into the classroom allows students to take on different roles, and manage finances in a real world situation. Something as simple as buying groceries, serves as a great example of economics at work.

         Another method that teachers can use to engage students is Skyping with other classrooms around the world to encourage students to explore other economies and lifestyles. Sometimes students need to be reminded that there are places around the world that live very differently than we do. By incorporating these different methods of integrating economics, students will be equipped with the knowledge they need for success!