4.2.3+Lesson+2

= LESSON PLAN = Fox Hollow First Grade Teachers

__Core Objective/Standard__:
Standard IV - Students will describe the economic choices people make to meet their basic economic needs.

Objective 2: Recognize that people need to make choices to meet their needs.

c. Identify choices families make when buying goods and services.

d. Explain why people save money to buy goods and services in the future.

__Student learning objective__:
Students will identify choices families make and explain why people save money for the future.

__Materials needed__:
The Three Little Pigs story book Items for a token economy (see link below)

__Teacher (To) directions/actions/instructions__:
1. Read the story the Three Little PIgs and explain how the different pigs made decisions about building their houses. Talk about how the first pig built a house that was fast and easy, but not very strong. Explain how the third pig worked harder, saved more of his money to buy sturdy bricks, and was able to build a sturdy house. The third pig made a wise choice because his house was stronger. He had to work harder and save his resources in order to make it happen.

2. Ask students to tell you about something that they really want. Have kids draw a picture of the item and share with a neighbor their picture. Come back together as a group and ask students what would be required in order to buy the item that they want. Have a discussion about saving money & making choices about how to spend the money that you do have.

__Teachers/Students (With) actions__:
1. Conduct a class token economy for 1-2 weeks. Allow the class to earn paper pennies by turning in homework, best behavior, spelling test 100%, finished all work, etc. Hold a class store and let students decide how they will save or spend their pennies in the store.

This is a link that explains how to set up a token economy: []

__Students (By) actions/activities students will do during lesson__:
Make choices to "exchange" a few pennies for something small or wait to exchange more pennies for something larger.

__Assessment-these may be written, verbal, observations, etc__:
De-briefing session.