Title of Unit: Money Title of Lesson: The Big Picture of Money-The Economy Submitted By: Melanie Hadjes

A. Summary of the Lesson Plan: This lesson will help you understand some of the big issues surrounding money. The book chapter 7. B. Target Population: Grade Level: 3rd grade Skill Level: All skill levels Grouping: Whole group and individual work. C. Materials: Neale S. Godfreys Ultimate Kids Money Book (ISBN 0-689-81717-7) page 77-90 Worksheets D. Objectives: o NV State Social Studies Standards o E9.3.3 Give examples of prices set by businesses for selling goods and services. E11.3.1 Identify and explain what business owners do.

Student-Friendly Standards I can give examples of prices set by businesses for selling goods and services. I can identify and explain what business owners do.

E. Procedure: 1. Hand out worksheets. 2. Read Chapter 7 stopping for penny for thoughts; give students 2 min each to write. Fill in the definitions as we read. 3. The Birdhouse Business worksheet 4. Take Your Pick! Page 90 5. CLOSURE: What is the economy? What does it mean to you? F. Assessment: What will you use to measure student understanding? Observations, journal entries, vocab word bank, worksheets Explain how you will know students understand the concepts from the lesson. The journal entries and vocab definitions will be correct.
Nevada State College EDEL 453 - Spring 2013 Karen Powell- Instructor page 1

Title of Unit: Money Title of Lesson: The Big Picture of Money-The Economy Submitted By: Melanie Hadjes

G. Reflection: 1. Which part of the lesson do you think will be the easiest for you to teach? The reading of the chapters 2. Which part will be most challenging for you to teach? This should be a good lesson. 3. How will you follow up or extend this lesson? Have the students become entrepreneurs. 4. What will you do for students who dont grasp the concepts?

Boom Town by Sonia Levitin

5. Which part of the lesson, if any, do you think might need to change? None 6. When you were writing this lesson plan, what was the most difficult part? It was a fairly easy transition from the book to the lesson plan.

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

page 2

Title of Unit: Money Title of Lesson: The Big Picture of Money-The Economy Submitted By: Melanie Hadjes

Penny for your thoughts

Name: _______________________ Date: ___________
Page #
79

(thoughts, questions, comments, concerns)

83

84

86

88

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

page 3

Title of Unit: Money Title of Lesson: The Big Picture of Money-The Economy Submitted By: Melanie Hadjes

WORD BANK
ECONOMY: PRIVATE SECTOR:

PUBLIC SECTOR: BUSINESS: RISK: START UP COST: INVESTMENT: SUPPLY:

NATURAL RESOURCES:
ENTREPENEUR: MARKET SURVEY:

COMPETITION:
LOSS: DEMAND:

ECONOMIST:
UNEMPLOYMENT:

UNEMPLOYED:
SAVINGS RATE:

Add the following words to the bank: Inflation, Recession, Depression, and Expansion.

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

page 4

Title of Unit: Money Title of Lesson: The Big Picture of Money-The Economy Submitted By: Melanie Hadjes

The Birdhouse Business

Jeff plans to make and sell birdhouses this summer. Below is the cost of materials for each birdhouse. He knows he can make 10 birdhouses each week, and that he can sell them for $14.00 each. Wood $6.75 Paint .75 Screws .50 1. What is the cost of materials for each birdhouse? __________ 2. How much profit will he make on the sale of one birdhouse? __________ 3. How much profit will he make each week by selling all 10 birdhouses? __________ Jeffs uncle offers him a summer job mowing 10 lawns a week. Jeff will earn $100 each week for his wages. 4. How much more money would Jeff earn mowing lawns each week instead of making birdhouses? __________ 5. Given this new information, is Jeff still making a "profit" by making birdhouses? Why or why not? ______________________________________________________________________________________ ______________________________________________________________________________________ 6. What is Jeffs opportunity cost if he chooses to mow lawns? _____________________ ______________________________________________________________________ 7. What is Jeffs opportunity cost if he chooses to make birdhouses? ________________ ______________________________________________________________________ 8. If Jeff chooses to make birdhouses, is he making an unwise decision? Why or why not? ______________________________________________________________________________________ ______________________________________________________________________________________

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

page 5