Economics for Kids Ages 5 to 10 Course

What you will learn in 3 lessons

1. 1

   Goods and Services

   Start here

   The child sorts needs from wants and goods from services, meets the jobs people do in the community and why they work, and sees that people make choices because they cannot have everything.

   5 learning goals

   What you will learn

   1. 1.Tell needs from wants
   2. 2.Tell goods from services
   3. 3.Learn about jobs and why people work
   4. 4.Follow goods from producers to consumers
   5. 5.Make choices because we cannot have everything
2. 2

   Earning, Spending and Saving Money

   The child learns that people earn money by working and use it to buy goods and services, chooses between spending, saving and sharing, saves for a goal with a simple plan and keeps money safe.

   6 learning goals

   What you will learn

   1. 1.Find out where money comes from and what it is for
   2. 2.Make smart choices about spending
   3. 3.Save money for a goal
   4. 4.Share and give to help others
   5. 5.Plan your money with a simple budget
   6. 6.Borrow wisely and keep money safe
3. 3

   Resources and Trade

   The child names the natural, human and capital resources used to make goods and services, explains why people and places specialise and trade, and weighs a choice by what is given up.

   5 learning goals

   What you will learn

   1. 1.Find the resources that make goods and services
   2. 2.Explain why people and places specialize
   3. 3.Explain why people and places trade
   4. 4.Make choices by weighing what you give up
   5. 5.See learning as an investment in yourself