Description

Economics Study Guide and Review Worksheets (Elementary) – VA SOL 3.10

This Economics Study Guide for elementary resource includes three versions– one completed study guide, one for student completion with review worksheets, and one digital study guide. This Economics Study Guide helps students review goods and services, economic choice and opportunity cost, specialization, and resources (natural, human, and capital).

What concepts will students review with this Economics Study Guide?

With this study guide, students will review:

• examples of goods and services
• the difference between producers and consumers
• why people and countries use specialization
• interdependence and why people trade
• the meaning of “scarcity”
• the difference between economic choice and opportunity cost with examples
• a strategy for making economic decisions
• examples of natural resources, human resources, and capital resources

Click the images near the top of the page to take a closer look at this Economics Study Guide for elementary!

What formats of the study guide are provided?

Three versions of this Economics Study Guide are included in this resource:

• Completed version- The Completed Study Guide is completely filled out. Just print and give to students.
• Study Guide for Student Completion-  The Study Guide for Student Completion is similar to the Completed Study Guide but is missing some terms and includes questions for students to answer. This version also comes with two additional pages of questions related to the SOL. An answer key is provided for these pages.
• Digital Study Guide- The Digital Study Guide includes both the Completed Study Guide and the Study Guide for Student Completion in digital format (Google Slides). You can assign in Google Classroom or use this version with virtual or hybrid students

What social studies standards are covered?

This Economics Study Guide is specifically created to align with the 2023 Virginia SOL 3.10, although it also aligns with most social studies standards related to elementary economics.

Don’t miss out!

This Economics Study Guide is an easy, no-prep way to review social studies skills at the end of the unit or before state testing!

 

Save money!

This study guide is included in my 3rd Grade Social Studies Study Guides Bundle for a discounted price!

 

More Social Studies Resources:

• Economics Unit
• Economics Escape Room
• Economics Task Cards
• 3rd Grade Social Studies Task Cards
• 3rd Grade Social Studies Escape Rooms

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Other Information:

©Meghan Vestal, Vestal’s 21st Century Classroom LLC. All rights reserved. This product is to be used by the original downloader only. Copying for teachers, classroom, department, school, or school system is prohibited. This product may not be distributed or displayed digitally for public view. Teachers may NOT upload the product to school/district servers, or to any website, or share digital or print copies. Failure to comply is a copyright infringement and a violation of the Digital Millennium Copyright Act (DMCA). All sales are final.