4.1.3+Lesson+4

= LESSON PLAN = created by: Ann Barker & Kathy Horning, Highland Elementary

__Core Objective/Standard__:
Standard IV - Objective 2, c. **Identify choices families make when buying goods and services.**
 * Google first grade financial plans**

__Student learning objective__:
Students will be able to identify their wants and needs when they choose to buy goods and services.

__Materials needed__:
__Something Good__ by Robert Munsch Zip-lock bags & play money which has been earned by the students Old magazines and Newspaper ads 6 Poster boards Markers Scissors Glue sticks Wants and Needs Flashcards: [|lesson plan ideas] Scissors Small tokens, goods, candies. Wanting Song:[|Wanting Song]

__Teacher (To) directions/actions/instructions__:
Begin reading the book. Stop and ask: We are going to talk about things we want, and how we can't always get everything we want. In this story a girl named Tyya is unhappy because she thinks her dad never buys anything "good" at the grocery store.

Continue reading. Discuss what has happened so far. Explain and discuss the differences between choice and needs versus wants and how unlimited wants affect choices of limited resources.

Continue with the story to the point where Dad finally tells Tyya to stand and wait for him to finish shopping. A lady comes along and wants to buy Tyya. The lady at the store decides to price her at $29.95. Tyya's father pays the price.

Ask: Why did he decide to pay that much for Tyya? (Because he felt that she was worth the price.)

Sing "__Wanting Song__".

Google: First grade financial lesson for complete lesson plans.

__Teachers/Students (With) actions__:
Students will practice identifying wants and needs using a set of flash cards depicting various consumable products

Ask: Is it something you need (you have to have it to live)--or if it is a want (something that you would like to have, but you c__an__ live without it.)

Students will also be earning play money throughout the week based on behavior and completion of class work. This resource will help them buy the things they need or want from the class store at the end of the unit.

__Students (By) actions/activities students will do during lesson__:
At the conclusion of the unit, students will be able to spend the money they have earned to purchase items from the class store. (Items could include free time activities and privileges, small tokens and donations from businesses and parents.)

__Assessment-these may be written, verbal, observations, etc__:
Hand out magazines and newspaper ads that show food, clothing, vacations, toys. Students will work with a small group and divide the poster into two sides. One side will be labeled "wants" and the other side "needs". Students will present and discuss their posters in front of the class.