Subjects and concepts covered in this lesson include banks, economics, money, personal finance and saving. This Economic Resource Lesson Plan is included in this Intro o Economics Lesson Plan Series as a way to help students understand what recources are and how they apply to scarcity in economics. Grades 3-5 “Money in Motion” Curriculum Page 5 of 15 Federal Reserve Bank of Philadelphia they should circle “false” and explain, in the space beneath the statement, why it Money Worksheet - Money Lesson Plan - Money Lesson Money Instructor members and students include: K-12 - Teachers - Educators - Parents - Homeschool - … Plan your 60-minute lesson in English / Language Arts or Nonfiction (Reading) with helpful tips from Miki Frace Share My Lesson members contribute content, share ideas, get educated on the topics that matter, online, 24/7. On this page you can read or download detailed lesson plan in economics in PDF format. Money is anything widely accepted as final payment for goods and services. In this economics lesson, students will research the cryptocurrency Bitcoin to learn about the functions and characteristics of money. Click Here for Investing Lesson Plans; Click Here for Savings Lesson Plans After the anticipatory activity, the teacher will launch into a PowerPoint that discusses concepts of money. This spending might be on consumption or on investment goods (such as plant and equipment). PSHE/ Citizenship Financial Education Resources: 1 hour PP, worksheets, clips, well differentiated, KS3/ KS4. 4th grade creative writing lesson plans No-Prep, how much does a cover letter help fun and challenging 4th grade creative writing lesson plans 4th Grade STAAR writing games, centers and activities. Students will be introduced to vocabulary prior to actual content delivery. Lesson Plan. In this lesson students learn that anything that performs the functions of money can be money (even macaroni!). Click here for lesson plans on 20 economic topics … 3: 4th Grade mathematics Lesson Plan Money encourages specialization by decreasing the costs of exchange. Understand the uses of money. World Currency. The interest rate is the opportunity cost of holding money, because instead of holding money, people could hold interest-earning assets (such as Certificates of Deposit or bonds) instead. You can find additional money & economics resources on the following pages: Math & Social Studies. Changes in these price indices indicate changes in the purchasing power of the U.S. dollar. Search by FTE program, topic, FTE economic reasoning proposition, Voluntary National Content Standard, or History Content Standard. Each lesson is a PDF document that you can download which includes objectives, materials lists, worksheets and content standards. The money supply changes through activities of the commercial banking system. Use this lesson plan to help your students better understand how to manage money with a fun activity. Explain the different types of money. Currency Exchange and the Gang of Fifteen (lesson plan) Cyber Currency, Currently. Money enhances voluntary trade by reducing transaction costs. Produce and cut apart Activity 1 dollars. How do economists think about and use money? Lesson Plan Pages Each grade level has 10 lesson plans for a complete unit of study. Externality! This lesson introduces students to a basic concept behind all types of investments, the Time Value of Money . Money performs three functions in market economies: Savers supply funds to be loaned and are paid interest for waiting to consume at a later date. Using examples, explain how scarcity, choice, opportunity costs affect decisions that households, businesses, and governments make in the market place and explain how comparative advantage creates gains from trade. Unanticipated inflation alters the normal signals buyers and sellers receive from prices, changing their behavior in markets. The five main characteristics of money are: divisibility, portability, durability, recognizability, and scarcity. Like other prices, interest rates are determined by the forces of supply and demand. Use precise words and phrases, telling details, and sensory language to convey a vivid picture of the experiences, events, setting, and/or characters. MJaeger-Jul 29, 2015. The most commonly used measure of inflation is the Consumer Price Index, (or CPI). Students will participate in “Socrative” to answer multiple-choice and true and false questions. Money Makes the World Go Around. PRE-VISIT LESSON Grades 9 - 12 5 money from the deposit is left over to loan out to another customer. Turn to this lesson plan when you need a way to review and to assess your students’ understanding of economics. Lesson 8: Setting the Rules: Costs and Benefits of Government Action, The Magic of Markets – Trade Creates Wealth, In the Chips — A Market in Computer Chips. Economics - Monetary Systems. Artifact III. In many economies, when banks make loans, the money supply increases; when loans are paid off, the money supply decreases. Counting money, money math, checks, checkbook, checking, budgeting, spending money, saving money, taxes, investing, basic economics and finance. The mini-economy is a form of economics instruction in which students participate in a classroom economy in order to simulate real world economic activity. The GDP Deflator is another important measure of inflation. Changes in the money supply can influence overall levels of spending, employment, and prices in the economy by inducing changes in interest rates charged for credit and by affecting the levels of personal and business investment spending. 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