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# Economics | Financial Literacy Simulation | Project-Based Learning

3rd - 6th
Subjects
Standards
Resource Type
Formats Included
• PDF

### Description

Are you looking for a fun and engaging way to teaching financial literacy concepts to your students? This high-engagement, low-prep Economics Financial Literacy Project-Based Learning includes a brief introduction into basic financial literacy terms and engages students in a Financial Literacy simulation where they must make choices and learn how real-life situations affect a budget. Students will play through a year in Futuretopia to see how their choices fare!

Daily activities and student objectives are included in this activity, as well as examples for students to follow. A reflection is also included to culminate the simulation activity.

Your students will have a better understanding of the importance of budgeting, and how choices affect our finances on a monthly basis. Students will also put math skills to work as they add/subtract their budget each month. Many skills will be at work using this product!

Total Pages
N/A
Teaching Duration
1 Week
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### Standards

to see state-specific standards (only available in the US).
Understand that positive and negative numbers are used together to describe quantities having opposite directions or values (e.g., temperature above/below zero, elevation above/below sea level, credits/debits, positive/negative electric charge); use positive and negative numbers to represent quantities in real-world contexts, explaining the meaning of 0 in each situation.
Write, interpret, and explain statements of order for rational numbers in real-world contexts. For example, write -3° 𝐶 > -7° 𝐶 to express the fact that -3° 𝐶 is warmer than -7° 𝐶.
Understand the absolute value of a rational number as its distance from 0 on the number line; interpret absolute value as magnitude for a positive or negative quantity in a real-world situation. For example, for an account balance of –30 dollars, write |–30| = 30 to describe the size of the debt in dollars.
Distinguish comparisons of absolute value from statements about order. For example, recognize that an account balance less than -30 dollars represents a debt greater than 30 dollars.
Model with mathematics. Mathematically proficient students can apply the mathematics they know to solve problems arising in everyday life, society, and the workplace. In early grades, this might be as simple as writing an addition equation to describe a situation. In middle grades, a student might apply proportional reasoning to plan a school event or analyze a problem in the community. By high school, a student might use geometry to solve a design problem or use a function to describe how one quantity of interest depends on another. Mathematically proficient students who can apply what they know are comfortable making assumptions and approximations to simplify a complicated situation, realizing that these may need revision later. They are able to identify important quantities in a practical situation and map their relationships using such tools as diagrams, two-way tables, graphs, flowcharts and formulas. They can analyze those relationships mathematically to draw conclusions. They routinely interpret their mathematical results in the context of the situation and reflect on whether the results make sense, possibly improving the model if it has not served its purpose.