This lesson is an informational text that teaches students the basics of money and economy. On the level of language, it is equivalent to texts on Common Core’s Grades 3 or 4 complexity band. But because of its subject matter, this text can also be enjoyed by and would be very useful for students in Grades 5 and 6. For teachers of ELL and ESL students, particularly, this lesson might be more appropriate for Grades 5 and 6.
The various worksheets included with the text align with the Common Core standards in ELA Literacy that are listed below. The worksheets integrate cross-discipline skills, focusing particularly on the thinking and writing skills required for the Common Core ELA Testing Program. I don’t believe in “teaching for the test,” but as I feel that teaching students to think—really think! Not just give us spit-back responses!—is important, and I also understand the reality of needing students to do well on state tests, I aimed to satisfy both objectives simultaneously.
This lesson is an organic, stand-alone lesson, but will be enriched if combined with the other money lessons I’m offering.
This lesson covers the following topics:
• History of currency and why money was invented
• Who needs money and what income means
• What are service jobs and how do skills affect earnings
• Producers and consumers
• Supply and demand
• Why prices move up or down
This packet includes the following items:
• Detailed teacher’s guide and answer key for worksheets
• Students’ text illustrated with humorous cartoons
• Two vocabulary sheets highlighting the text’s important terms, one with definitions and one without
• WIK Coupons – What I Know / What I Learned template (can be used for any lesson)
• Three comprehensive review sheets. Corresponds to CCLS R1.3.1 and R1.4.10.
• A worksheet, “Meaningful Reading,” which incorporates thinking and writing skills – follows the Common Core test model. Corresponds to CCLS R1.3.2 and R1.4.2.
• A worksheet, “Use your Imagination,” which incorporates thinking and writing skills – follows the Common Core test model. Corresponds to CCLS R1.3.7 and L.4.4a.
• Crossword puzzle featuring the terms used in the text. Fun!
• Exit Ticket (includes three questions, following Doug Lemov’s Teach Like a Champion’s technique)