For a great deal on 5 Economics products check out this bundle!
The Economics of Checks, Budgets, Stocks, College, and Savings - 5 Activities!
My favorite aspect when teaching Economics is when students realize that the choices they make with money can have very good results, or results that could have been better with a better choice. This bundle combines two aspects of economics that can directly enhance their understanding of the power of financial choices. Here's what you're getting in this bundle:
The Economics of Saving Your Money - Piggy Banks, Simple & Compound Interest
I love teaching Economics to my middle school students because it directly relates to their lives. I teach 8th grade, and most of the students I teach save their dollars or coins in some form of a "piggy bank," some have a savings account, and some haven't had anyone show them how to get a savings account at a bank.
In this product, students will begin to understand the power on interest. They will be guided through three different scenarios of a girl named Marcy who is given $100. Your students job will be to figure out how much money Marcy would make by putting that $100 in a piggy bank for 10 years, a savings account earning simple interest for 10 years, and a savings account earning compound interest for 10 years. An answer key is provided for ease of instruction.
An extension activity is also provided in this product where your students are given $500 for their high school graduation. Your students can see what the power of compound interest will be if they don't touch that $500 for 40 years as well as if they add $500 to that account every year for 40 years. An answer key is provided for this activity as well so that your students can check in with you every so often to make sure they are on the right track if you so choose.
Many times after doing this activity students will say that they've asked their parents if they can go to the bank and open a savings account!
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 Balancing a Budget & The Economics of Investing in the Stocks
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
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
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FOR 99 DIFFERENT SOCIAL STUDIES ITEMS CHECK OUT THIS BUNDLE!
Social Studies Bundle - 99 Different Products - U.S. History, Geography, & More!