Grade 1 Economics
What key economic concepts would you want first grade students to understand?
I studied economics in college and considered it ambitious when I taught economics to high school students. At Nashoba Brooks School, our students study economics in Grade 1. Starting with developmentally relevant concepts of wants and needs, our students quickly advance to pondering supply and demand, budgeting, credit vs. debit, opportunity cost, diminishing returns, and more. Teachers collaborate across disciplines to create an integrated unit of study. Students visit local businesses, interview business owners, and challenge family members to manage a budget responsibly in an interactive simulation. What key economic concepts would you want first grade students to understand? What might we learn from their fresh perspective?
Situated on a beautiful 30-acre campus in historic Concord, Massachusetts, Nashoba Brooks School enrolls all genders in Preschool through Grade 3, and students identifying as girls in Grades 4 through 8. Nashoba Brooks is an independent school designed to build community, character, and confidence in its students.