Elements used to have a Create > Calendar process but it was removed from versions 5 & 6. See here for instructions relating to v5 and v6:
http://www.arraich.com/elements/pse5_freeGraph ics_calendar.htm
If that all sounds a little complicated, any decent DTP package should allow you create a calendar easily. You can download Serif PagePlus SE for free from here:
http://www.freeserifsoftware.com/software/Page Plus/default.asp
Instructions for creating a calendar with PagePlus SE are here. (Substitute 'A4' for '11 x 5' for UK use):
http://www.freeserifsoftware.com/software/Page Plus/tutorials/calendar_tool/default.asp
Chris