
In this lesson, students learn several basic steps to help them understand the importance of saving to meet future personal financial goals.
- Subject:
- Social Studies
- Material Type:
- Lesson Plan
- Provider:
- EconEdLink
- Date Added:
- 07/05/2017
In this lesson, students learn several basic steps to help them understand the importance of saving to meet future personal financial goals.
This is a folktale retold by Jan Brett about a little boy whose grandmother knits him a pair of snow white mittens. While he is outside he loses one and some animals, one by one, find it and move in because it looks warm. This story demonstrates scarcity of space and what happens when this occurs.
In this lesson, students are introduced to four ways people get money-they find it, win it, receive it as a gift or earn it. Students explore allowances and doing work for pay as a source of extra money to buy something they want. They also differentiate between earned and unearned income.
In this lesson, students learn how credit is a wonderful tool for the consumer, how it can enhance their quality of life, and allows for purchases to be made without money to pay for it at the moment. Students also learn how credit creates serious problems for people who use it incorrectly.
In this lesson, students review the concepts of goods, services, and producers while identifying examples of each in a teacher's classroom. They learn about the three kinds of resources necessary to produce goods and provide services locating examples from a picture tour of the Crayola Factory. Students will explain the roles and impact producers and consumers have on the economy. Finally, they examine a picture of a farmer working in a field to identify examples of natural, human, and capital resources.
This lesson will help students to understand the terms that are associated with the New York Stock Exchange. It will also help students to read a stock market report found in any major newspaper or online.
In this lesson, students are given the opportunity to identify risks and rewards of entrepreneurship and distinguish between entrepreneurs who start a business to produce a good or provide a service.
The introduction to this lesson is a brief online story about a little girl's visit to a pet store with her father. She considers several pets before choosing a "cute and cuddly" dog. Students are reminded that pet owners are responsible for keeping their pets safe, healthy and happy. A discussion of a pet owners desire to provide the best for their pets leads to an exploration of people's wants.
Students will identify examples of productive resources; categorize productive resources as human resources, capital resources, and natural resources; explain that an entrepreneur is a special type of human resource identify examples of intermediate goods.
In this lesson, students will define entrepreneur, identify the benefits and costs and risks and rewards of entrepreneurship, and reflect on the life of Steve Jobs and identify his entrepreneurial characteristics.
In this lesson, students learn about the importance of knowing about money and banks.
While precise numbers are not known, it is believed the number of boycotts has grown markedly in the past fifty years. Consumers seem to be besieged by requests from special interest groups to refrain from buying certain goods and services. In this lesson, students study how boycotts have been used throughout U.S. history to help promote economic, social and political change. After researching current boycott targets, students create promotional flyers providing a glimpse at the goals people today hope to achieve through this consumer market action. Students also consider what economic and non economic factors are likely to influence the effectiveness of a boycott.
In this lesson, student will listen to the book, "A New Coat for Anna". Students will learn about resources, scarcity, costs, trade/bartering, and decision making through a young girl, Anna, whose mother wanted to buy her a coat but did not have the money. Students will explain how families have needs and wants and various ways in which people earn and use materials, such as money, for goods and services. Students will see how supply and demand effects the choices families and communities make.
In this series of three lessons, the students examine transportation and its impact on our nation (and vice versa) since the United States declared its independence in 1776. Lesson 1 focuses on improvements in transportation during the 19th century, particularly the development of a national rail system, to show how invention, innovation and infrastructure encouraged western expansion and economic growth. Lesson 2 moves on to the 20th century focusing on the development of auto transport and aviation. The impact on communities and world trade, for both good and bad, is examined. Lesson 3 calls upon the students to create a class time line of transportation milestones; the time line will help the students more clearly understand the factors, especially the economic incentives, that have played a key role in what has been called the 'Transportation Revolution.'
In this lesson, students distinguish among invention, innovation, and investments in infrastructure and identify ways in which advancements in transportation dramatically transformed trade and promoted economic growth in the United States.
In this lesson, students explain how economic incentives encouraged technological change and the capital investments that led to the Transportation Revolution. Students explore advancements in transportation, identifying ways in which they transformed trade and promoted economic growth in the United States.
In this lesson, students will recognize that farmers can’t grow everything they might want to grow; they must choose which crops to grow and discover that the crop that is not grown is the opportunity cost.
This lesson will focus on what the nation consumes and how that is measured by Gross Domestic Product (GDP). In the United States, the goods and services produced for household consumption account for about two-thirds of total output.