Module 19-Social Studies 4B - Course Guide

Module Overview:

In this module students will learn what a business is and the risk involved in running a business. Students will learn about supply and demand. They will learn the difference between a good and service. Students will learn about different types of jobs and industries. They will learn the difference between producers and consumers and what an entrepreneur is.

Module Materials:

Lesson #	Lesson Title	Material(s)
1	Business and Risk	*Social Studies 4B Workbook, ISBN 978-1-63916-033-4 (optional);
2	Supply and Demand	None
3	Goods and Services	None
4	Jobs and Industry	None
5	Producers, Consumers, and Entrepreneurs	None

Module Objectives:

Lesson #	Lesson Title	Objective(s)
1	Business and Risk	Apply a risk-taking strategy and plan a business.
2	Supply and Demand	Apply supply and demand.
3	Goods and Services	Apply the definitions of goods and services.
4	Jobs and Industry	Apply the types of jobs and industries.
5	Producers, Consumers, and Entrepreneurs	Apply the definitions of producers, consumers, and entrepreneurs.

Module Key Words:

Key Words
business risks opportunity supply demand economy goods services taxes jobs industry institution producers consumers entrepreneurs

Module Assignments:

Lesson #	Lesson Title	Page #	Assignment Title
1	Business and Risk	6	Your Business Plan
2	Supply and Demand	7	Planning for Supply and Demand
3	Goods and Services	7	What Are You Selling?
4	Jobs and Industry	6	What Industry?
5	Producers, Consumers, and Entrepreneurs	7	Understanding Your Business

Learning Coach Notes:

Lesson #	Lesson Title	Notes
1	Business and Risk
2	Supply and Demand	In their Social Studies notebook have your student write about the following: explain what supply and demand is and describe how it works, give examples of how supply and demand effects the price of products, what makes a healthy economy, what is the growth national product, what is the growth domestic product, and explain competition and how it effects price.
3	Goods and Services	In their Social Studies notebook have your student write about and define the following: goods, services, taxes, ways to use money wisely, describe an economic system and the 3 questions economic systems try to answer, and explain what free enterprise is.
4	Jobs and Industry	In their Social Studies notebook have your student write about and define the following: job, industry, institution, types of industries, economic institution, and major industries in the United States. Next, have your student research the major industries their state is known for and record their findings in their Social Studies notebook.
5	Producers, Consumers, and Entrepreneurs	In their Social Studies notebook have your student write about and define the following: producer, consumer, and entrepreneur. Have your student research some famous entrepreneurs in their state and write about their findings in their Social Studies notebook.

Module Guiding Questions:

When a student starts a lesson ask them questions to check for prior knowledge and understanding and to review concepts being taught. At the end of the lesson ask the questions again to see if their answer changes.

Lesson Title	Question
Business and Risk	What is a business? What risks are involved in running a business?
Supply and Demand	What is supply and demand?
Goods and Services	What is the difference between a good and a service?
Jobs and Industry	What are the different types of jobs and industries?
Producers, Consumers, and Entrepreneurs	What is the difference between producers and consumers? What are entrepreneurs?

Module Video Questions:

When a student watches a video take time to ask them questions about what they watched. Suggested questions for the videos in this module are listed here. Suggestion: Have the student watch the entire video first all the way through. Then have them watch the video a second time, as they watch it pause the video and ask the questions.

Lesson Title	Video	Question
Supply and Demand	Supply and Demand	What is supply? What is demand? How does supply and demand influence the price of a product? Why is it important to understand supply and demand?
Goods and Services	Goods and Services	What are goods? Give examples of some goods. What is a service? Give examples of a service. What is a need? What is a want?
Producers, Consumers, and Entrepreneurs	Producers, Consumers, and Entrepreneurs	What is a producer? What is a consumer? What is an entrepreneur?

Module Suggested Read Aloud Books:

Take time to read to your student or have them read aloud to you. Read a different book each day. While reading the book point out concepts being taught. You may purchase these books or find them at your local library. Suggested things to discuss while reading the book:

What is the main idea?
What are three things new you learned?
How does this book relate to what you are learning about?

#	Book	Author	Lexile Level
1	Lemons and Lemonade: A Book About Supply and Demand	Nancy Loewen	560L
2	What Are Goods and Services?	Carolyn Andrews	IG800L

Module Outing:

Take some time to apply what your student is learning to the real world. Suggested outings are below.

#	Outing
1	Visit some local businesses with your student have them ask the business owners questions about their business, such as what things are in high demand, what made them want to own a business, what were the risks involved, what goods and/or services do they provide, etc.