Soc7. Economic Reasoning

Communicates needs and wants with caregiver (e.g., reaches to grab objects or food).

Explores cause and effect.

Begins the back-and-forth exchange of imitating adult behavior.

Begins to understand the "first/then" concept (e.g., "First we put on our PJs, then we can read a book").

Begins to recognize ownership of items and with support, returns items to their owner (e.g., returning a pacifier to a friend).

Participates in turn-taking activities with support.

Asks for needs to be met.

Trades an undesired item for a desired item.

Explores with caregivers the meaning of goods and exchanges in the community.

Participates in turn taking with increasing independence.

Describes basic needs for living things (e.g., food, water, shelter).

Begins to understand the use of trade or money to obtain goods and services (e.g., during dramatic play children trade pretend money for goods such as groceries).

Negotiates and shares with other children during play.

Labels individual needs and wants with support.

Asks for items that they need or would like (e.g., a toy or a favorite food at the store).

Distinguish between individual needs (conditions necessary to survive) and individual wants (conditions desired to be happy).

Distinguish between goods (objects that can be seen or touched) and services (actions or activities). Identify goods and services that could satisfy a specific need or want.

Explain why people agree to trade.