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Lesson 2: Savings Accounts and U.S. Savings Bonds
Learning, Earning and Investing: Grades 4-5 Lessons
People who want to save money can do so in various ways. One method is to use a savings account; another is to buy U. S. Savings Bonds. In this lesson, the students learn about these two methods of saving.
Grade(s): 3-5
Concepts: Decimal, Face value, Interest, Interest rate, Percent, Savings account, U.S. Savings Bond

Lesson 1: Stock Prices
Learning, Earning and Investing: Grades 4-5 Lessons
Newspaper and Internet listings of stock prices provide important information for investors. Gathering and understanding information found in the stock listings is an important life skill, and also a useful skill for students participating in stock market simulations. This lesson introduces information typically found in stock listings, focusing on the basic elements.
Grade(s): 3-5
Concepts: Decimal, Diversification, Fraction, Mixed number, Stock, Whole number

Theme 2: Lesson 4 - The Grasshopper and the Ant
Financial Fitness for Life: Steps to Financial Fitness - Grades 3-5 - Teacher Guide
In this lesson, children use an adaptation of Aesop's fable, "The Grasshopper and the Ant," to learn about the trade-off between satisfying wants today and planning for the future. Children use the fable to examine their own behaviors and decisions about saving. They learn how interest provides an incentive to save. Writing their own fable provides the children with a creative way to express th...
Grade(s): 3-5
Concepts: Opportunity cost, Trade-offs, Saving, Interest,

Theme 2: Lesson 5 - Why? How? Where?
Financial Fitness for Life: Steps to Financial Fitness - Grades 3-5 - Teacher Guide
This lesson provides some practical activities to extend students' understanding about how to make saving choices. Children set a goal, determine a strategy for saving, and decide how they will save to best achieve that goal. They can also learn the basics of using savings accounts.
Grade(s): 3-5
Concepts: Incentives, Opportunity cost, Saving, Saving goal,

Lesson 12: Market Price II - Changes in Supply and Demand
Play Dough Economics
In this lesson, students will learn how changes in demand affect market price; what events would cause an incease or decrease in demand; that the market price serves as a guide to help producers determine what to produce.
Grade(s): K-2, 3-5
Concepts: Supply, Demand, Market price, Profit, Advertising

Lesson 30: Advertising
Exploring the Marketplace: The Community Publishing Company - Teacher Resource Manual
In this lesson, the students write an advertisement to help sell the community book. They also write a slogan about their product. They discuss reasons for advertising and what should be included in a successful advertisement.
Grade(s): 3-5
Concepts: Advertising, Business, Demand,

Chapter 3: Lesson 16 - The Big Piggy Bank Mystery
The Great Economic Mysteries Book: A Guide to Teaching Economic Reasoning, Grades 4-8
Students describe an economic mystery and discuss various explanations of it. They use economic principles and true/false clues in reasoning out a solution to the mystery.
Grade(s): 3-5, 6-8
Concepts: Profit, Saving and Investing

Chapter 3: Lesson 10 - Sherri Rejects a Sure Thing
The Great Economic Mysteries Book: A Guide to Teaching Economic Reasoning, Grades 4-8
Students describe an economic mystery and discuss various explanations of it. They use economic principles and true/false clues in reasoning out a solution to the mystery.
Grade(s): 3-5, 6-8
Concepts: Saving and Investing

Lesson 10: Saving and Investing - Planning For the Future
Play Dough Economics
In this lesson, students will learn that individuals either save or consumer after-tax income; that saving has an opportunity cost - giving up current consumption; that consuming has an opportunity cost - giving up greater future consumption; that savings which are invested in the production or purchase of capital result in increased productivity, and create the possibility of greater future incom...
Grade(s): K-2, 3-5
Concepts: Saving, Investment, Income, Consumption, Opportunity cost, Choice, Productivity

Lesson 3: What Happens When a Bank Makes a Loan?
Learning, Earning and Investing: Grades 4-5 Lessons
The students play roles in a simulation activity designed to show how bank loans made to individuals can have an impact on others in the community. Then, working in small groups, the students analyze other hypothetical loans, using flow charts or other diagrams to describe the probable impact of each.
Grade(s): 3-5
Concepts: Bank, Income, Interest, Loan, Profit

Lesson 32: Choice Making
Exploring the Marketplace: The Community Publishing Company - Teacher Resource Manual
Once the books have been sold, the class decides what to do with the money left over (if any) after paying back the loan or credit and any other expenses incurred in the business. The teacher emphasizes that the money left over is payment to the class for all its hard work in the company. The students consider what choices are available to them, for such as charity or to buy more or new educatio...
Grade(s): 3-5
Concepts: Choice, Credit, Interest, Investment, Loan, Opportunity cost, Profit,

Lesson 7: Widget Production
Master Curriculum Guides in Economics: Teaching Strategies - 5-6
In order to produce an output of goods or services, a firm needs inputs or factors of production. Businesses must purchase natural, human, and capital resources. Entrepreneurship is provided by the owner or manager of the firm. These inputs can be combined in different ways to produce the firm's product.
Grade(s): 3-5
Concepts: Factors of production, Productivity, Increasing productivity, Opportunity cost, Division of labor, Specialization, Investment,

Lesson 12: The Tortilla Factory
Teaching Economics Using Children's Literature
The Tortilla Factory is a simple, yet enjoyable way to introduce the concept of production to your students. The book very simply explains the process of producing tortillas, from collecting the productive resources to marketing the final product. Students will learn the differences between the natural resources, capital resources, and human resources used in production.
Grade(s): 3-5
Concepts: Natural Resources, Capital Resources, Human Capital, Interdependence, Productive Resources, Human Resources, Investment

Lesson 7: People Must Decide How to Allocate Income.
Children in the Marketplace: Lesson Plans in Economics for Grades 3 and 4
Economics involves the study of how people make choices necessitated by the condition of universal scarcity of resources in relation to human wants. One basic choice individuals must make when they earn or otherwise receive money is whether to spend their entire income on goods and services for consumption in the present or to put aside -- that is, save -- at least a portion of that income. Savi...
Grade(s): 3-5
Concepts: Saving, Investment, Profit, Resources,

Lesson 32: Profits and the Annual Report
The International News Journal, Inc.
Once the news journal has been produced and sold, the success or failure of the corporation is determined. Profits or losses are calculated, a financial report is developed, and students write a letter summarizing their involvement in the corporation. The financial statement and letter for the corporation's annual report.
Grade(s): 3-5, 6-8
Concepts: Annual report, Dividend, Profit, Stock

Lesson 29: Reading The News Journal for Information
The International News Journal, Inc.
In this lesson students read the news journal and take notes on important information to highlight when advertising and selling it.
Grade(s): 3-5, 6-8
Concepts: Advertising, Profit

Lesson 15: Board of Directors and Corporate Officers
The International News Journal, Inc.
In this lesson the board of directors meets with the corporate officers to help make production decisions. The board also helps the officers choose the kind of news journal, estimate the cost of producton, determine the price and quantity of news journals to produce, and decide on the number and price of share of stock. Students observe and learn from the decision making, complete and activity s...
Grade(s): 3-5, 6-8
Concepts: Demand, Market, Price, Profit, Stock, Supply

Lesson 17: Review of Corporations
The International News Journal, Inc.
In this lesson students review what they have learned about corporations by completing a writing activity.
Grade(s): 3-5, 6-8
Concepts: Corporaton, Dividend, Stock

Theme 3: Lesson 13 - Buddy, Can You Spare a Dime?
Financial Fitness for Life: Steps to Financial Fitness - Grades 3-5 - Teacher Guide
In this lesson, students role-play how they would respond to various lending situations and analyze how to make better decisions about lending. By assuming the role of lender, students will analyze the qualities necessary to receive a loan. They will recognize that these are qualities they may wish to develop to improve their opportunities to borrow in the future.
Grade(s): 3-5
Concepts: Credit, Debt, Lending, Borrowing, Costs, Benefits, Interest,

Lesson 15: From the Mixed Up Files of Mrs. Basil Frankweiler
Teaching Economics Using Children's Literature
Eleven-year-old Claudia Kincaid feels that too much responsibility has been placed on her at home. To make her family appreciate her more, she decides to run away from home. Claudia persuades her younger brother, Jamie, to accompany her on a trip to a most unlikely place -- the Metropolitan Museum of Art in New York City.
Grade(s): 3-5
Concepts: Scarcity, Savings, Price, Inflation, Goods and Services, Opportunity Cost, Interdependence

ONLINE LESSONS:

online How Global is Your Portfolio?
This engaging lesson challenges students to connect economics and geography as they investigate global companies in the stock market.
Grade(s): 3-5, 6-8
Concepts: Stock Market,Savings,Economic Institutions

online I Can Be an Entrepreneur
Learners are given advice on how they can earn extra money by becoming an entrepreneur. After investigating several web pages that offer examples of what other people their age have done to earn money, students identify three money-making ideas for themselves such as: considering what they would enjoy doing, what they do well, what people are willing to buy, the need to set a price that will be pr...
Grade(s): 3-5, 6-8
Concepts: Accounting Profit,Advertising,Business,Entrepreneurship,Goods,Price,Production,Costs,Entrepreneur,Profit,Risk,Services,Accounting Loss

online Big Banks, Piggy Banks
When choosing a place to put their money, people consider how safe their money will be, how easy it is to access, and whether it will earn more money. Students explore how well different savings places achieve these objectives. Students learn that people who don’t want to carry money with them or keep it at home often choose to put their money in a savings account at a bank or credit union. ...
Grade(s): K-2, 3-5
Concepts: Banking,Choice,Decision Making,Money Management,Interest,Savings

online Uncle Jed's Barbershop
Students listen to the book Uncle Jed's Barbershop, about an African American barber who, despite significant setbacks, saves enough money to buy his own barbershop. From the story, students learn about saving, savings goals, opportunity cost, and segregation. The students participate in a card game to further investigate what it takes to reach a savings goal.
Grade(s): 3-5
Concepts: Opportunity Cost,Saving,Alternative

online The Mystery of the Amazing Farmers
In this lesson you will be taking on the role of an an investigative reporter to solve the Amazing Farmer Mystery. The goal will be to use seven clues provided throughout the lesson in order to figure out how so few farmers can produce enough food and fiber for the nation.
Grade(s): 3-5, 6-8
Concepts: Productive Resources,Technological Changes,Human Capital,Investment

online Economic Spotter: Resources During World War II
In World War II pennies were made of steel and zinc instead of copper and women were working at jobs that men had always been hired to do. Why? Because during war times, scarcity forces many things to change!
Grade(s): 3-5
Concepts: Capital Resources,Choice,Human Resources,Natural Resources,Opportunity Cost,Productive Resources,Scarcity,Technological Changes,Human Capital,Investment

online Did You Get the Message?
Advertising is the primary tool used by businesses to tell consumers about the goods and services they sell in the marketplace. Businesses also use advertising to try to convince consumers to buy what they are selling. Advertisements do this by pointing out how consumers will benefit if they buy a product. These benefits are called incentives. In this lesson, these two basic functions of advertisi...
Grade(s): 3-5, 6-8
Concepts: Advertising,Competition,Consumer Economics,Markets

online Believe it or Not?
Advertisements can tell consumers about prices and other information that may help them in the decisions they make about what to buy. But students also should know that ads are slanted by sellers to show a product in the best light. This lesson reveals to students how advertisers use words and images to make goods and services look their best. To protect consumers and make sure that competition...
Grade(s): 3-5, 6-8
Concepts: Advertising,Competition,Decision Making,Maintaining Competition,Markets,Role of Government,Regulation

online An Entreduction
This lesson illustrates the differences between inventions and innovations. It discusses what entrepreneurs are and their role with inventions and innovations.
Grade(s): 3-5
Concepts: Entrepreneurship,Investing,Opportunity Cost,Profit Motive,Innovation

online You Can BANK on This! (Part 3)
Building on the first two lessons in the series, this lesson deals with savings and interest.
Grade(s): 3-5
Concepts: Banking,Choice,Incentive,Interest,Savings,Savers

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