4.2.1+Lesson+4

= LESSON PLAN = Hillcrest Elementary

__Core Objective/Standard__:
Standard 4 Objective 2a and 2b

__Student learning objective__:
Students will recognize first hand that people need to make economic choices to meet their needs Students will learn first hand that wanting more than our resources will allow requires making choices

__Materials needed__:
"Alexander, Who Used to be Rich Last Sunday" by Judith Viorst coin purse for each child plastic coins paper money chart paper tubs with different items to be purchased by the students, labeled 1 cent, 5 cents, 10 cents, 15 cents, and 25 cents ledger sheet for each child to keep track of his/her money (to be kept by the teacher)

(to the tune of "Oh Christmas Tree", written by Martha Hopkins)
 * Song:** __"Oh Scarcity"__

Oh scarcity! Oh scarcity! We can't have all the things we want. Oh scarcity! Oh scarcity! We cannot have it all.

We really want a lot of stuff, But sometimes there's just not enough. Oh scarcity! Oh scarcity! We cannot have it all.

(to the tune "London Bridge", written by Martha Hopkins)
 * Song:** __"Wanting Song"__

Wants are things we'd like to have, Like to have, like to have, Wants are things we'd like to have, (Janie) wants a _____________.

__Teacher (To) directions/actions/instructions__:
1. Read "Alexander, Who Used to be Rich Last Sunday" to the class. 2. Give each child a coin purse with 15 pennies and 3 nickels (coin combination should be determined by what the students can actually count at the beginning of the year)

__Teachers/Students (With) actions__:
1. As a class, discuss how students can earn money in the classroom for the year -- this is a Shared Writing activity. Every Monday they automatically earn 15 cents. In addition to their weekly salary, students earn 1 penny for completing assigned classroom jobs. 2. As a class make a list of goods and services students can buy with their money. This is a collaborative effort between the children and the teacher. Some examples of services include: 1 extra minute of recess, lunch with the teacher, etc. Examples of goods include: crayons, stickers, pencils, etc. 2. As a class, generate a list of fees and fines to be paid. Examples can include: late to school, extra bathroom trips, replacing lost crayons and/or pencils, slow to coming to large group activity, shouting out, not being on task, messy work area, not following directions, being unkind to another student, etc.

__Students (By) actions/activities students will do during lesson__:
1. Every Friday is shopping day -- students are allowed to purchase goods and services weekly. 2. Students exchange money with the bank (teacher's jar of coins) to pay fines and purchase items 3. Later in the year students receive "raises" in their salaries as they become proficient at counting coins of greater value 4. After purchasing their goods and services each Friday, students fill out their ledger sheet

__Assessment-these may be written, verbal, observations, etc__:
This is a yearlong activity, changing as students become proficient in counting money -- however, it can be started any time during the year. Assessment is done on an individual basis as students count money and make change with the banker each week. Students will also demonstrate their understanding of making wise financial choices through saving money, earning money, purchasing goods and services, and 'living expenses' in the classroom.