Students listen to the story Ox-Cart Man in which a father and …
Students listen to the story Ox-Cart Man in which a father and his family use various resources to produce goods. As you read the story aloud to the students, place special emphasis on identifying both how it takes resources to make goods and who buys the goods in a market. Students will then participate in a simulation of the circular flow of the economy. They will use examples from the story to apply the concepts learned and model how the circular flow shows the interdependence between people and businesses in the resource and goods/services markets.
Students listen to the story Spend It! This story is set in …
Students listen to the story Spend It! This story is set in Bunnyland where carrots are money. Sonny the bunny has three carrots in his allowance jar. Sonny wants to buy everything, and he learns that he must make a choice because he does not have enough carrots to spend on everything he wants. Students will learn and review new vocabulary from the story (spend, wants, and choice) by completing a spelling activity, and complete a statement using the words. Students will also earn carrots by completing addition and subtraction math problems. Using the carrots they earn, students work with a partner to calculate if they have enough to purchase a toy they want from a list provided to them.
In this lesson, students participate in a market activity in which a …
In this lesson, students participate in a market activity in which a market for cake ingredients is set up to demonstrate the process of using a spending budget. They listen to the story Splat the Cat Takes the Cake and answer comprehension questions through a student-led Q&A. By participating in the opening market activity and reading the story, students use what they have read and learned to conclude that the ingredients Splat used were purchased with money that was earned. They participate in a read-aloud activity to identify specific long-vowel sounds and earn Splat bucks. They use the Splat bucks to purchase materials to decorate a cake and track their spending.
Getting excited about saving for the future can be hard. We are …
Getting excited about saving for the future can be hard. We are not as emotionally tied to the future as we are to the present. In this Page One Economics®: Focus on Finance, we look at the psychological forces of delayed gratification and self-control, which help us work toward the future benefits of saving money.
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