For a great deal on 5 Economics products check out this bundle!
The Economics of Checks, Budgets, Stocks, College, and Savings - 5 Activities!
Think your students know how much money it costs to have the things they have at home? Do they know how important it is to budget their money? Do they know the power of the stock market and what investing can do for their future? If you teach Economics at the middle level or high school level then this bundle includes activities that open the eyes of your students to the reality of budgeting, and keeping track of their money.
The Economics of Balancing a Budget with Monthly Incomes
In this activity students will practice calculating a budget using different monthly incomes with arbitrary percentages for expenses to figure out if someone with a certain monthly income will be at a surplus or shortage at the end of the month.
Students will then take part in a dice rolling activity (you provide the dice) to let fate decide for them what their monthly income will be for this activity. I usually have students come up one at a time and roll the dice under my document camera for the class to see. It hooks them because they want to see who gets the most money. Students will have to then calculate a monthly budget for the amount they rolled for, assess the information they've recorded, and make adjustments to balance their surplus or shortage to zero dollars.
Depending on the needs of your students you could also have your students partner up with someone so they can help each other by double checking their answers with each other and figuring out the calculations together. I've done this before and it has often helped the students who struggle with math. I always tell my students, "If you can push buttons on a calculator you can do this activity."
It usually takes me 2 to 3 days to do this activity with my students if I have them complete the extension activities as well. Look through it and do what is best for you and the students you teach.
There are also extension activities provided if you have time for students to figure out how much they can afford for a house and a car using standard formulas for such purchases. Then they actually have to find a house (or houses) and a vehicle (or vehicles) they can afford on their income. I would usually bring in free automobile sales magazines and free real estate magazines from the grocery store for kids to look through and cut pictures out of.
This is a great introductory activity for students because in my 15+ years teaching middle school I can tell you that most students start asking money questions after doing this activity. They are curious about how much money someone makes at the job they are thinking about doing someday. They start to ask questions about saving for retirement, how the stock market works, and how banks work. I absolutely love this activity and I hope you and your students do too.
The Economics of the Stock Market – Fun Class Investing Contest!
This Stock Market investment activity uses the NASDAQ American Stock Exchange web site and has never failed me in getting even the most reluctant students to participate! If you are looking for a great activity to keep your students active and engaged this one hasn't failed me yet.
Each student is given "$50,000" and has to invest in 10 different corporations. This activity is done in "real-time" and truly helps them make connections to the economy they are a part of. You can decide how long you would like the activity to last or modify the lesson in any way you feel meets your classroom needs. I usually do this activity for 3 days. One introduction day, one purchasing day, and one selling day on the last day of school. I have 7th and 8th graders and they love it!
I've done this activity where we start this activity during the first week of school, half-way through the year, at the beginning of a new quarter or even just as a three week activity. Lately I've been starting this activity before we get into the Great Depression portion of our history class.
I have included VERY detailed instructions for you to follow in case you don't have the strongest background with technology.
To have this activity work successfully you need to:
1. Have access to a computer lab
2. Save the file in a location where students can access it
3. Have students save the file via own flash drive or network folder
I recommend trying this activity for yourself first so you can help assist students when it is time for them to participate in the activity.
Check out my other Economics Bundles:
The Economics of Balancing a Budget & The Economics of Saving Your Money
The Economics of Balancing a Budget & The Economics of Check Writing
The Economics of Balancing a Budget & The Economics of College
The Economics of Check Writing & The Economics of College
The Economics of Check Writing & The Economics of Investing in Stocks
The Economics of Check Writing & The Economics of Saving Your Money
The Economics of College & The Economics of Saving Money
The Economics of College & The Economics of Investing in Stocks
The Economics of Saving Your Money & Investing in Stocks
Here's even MORE Economics products:
Career Research Packet
Economics Bundle Pack - Stocks, Cost/Benefit, & 2 Invention Projects
Famous Inventors and Their Inventions Presentation
Opportunity Cost and Benefit Packet
The Cause and Effect of the Greatest Events or Inventions from 1950-1999 Project
Click the green star next to my store logo to follow Surviving Social Studies. Following my store simply means you'll get e-mail updates about new products, freebies, and when I'm throwing a sale. Thanks for visiting!
FOR 99 DIFFERENT SOCIAL STUDIES ITEMS CHECK OUT THIS BUNDLE!
Social Studies Bundle - 99 Different Products - U.S. History, Geography, & More!