1 / 43

Barbara Phipps Shala London Sherie Surbaugh Nadia Kardash

Barbara Phipps Shala London Sherie Surbaugh Nadia Kardash. Why?. Common Core Connections. Supports cross-content literacy Provides real-world applications Develops habits of mind. www.classroomclues.com. C hildren ’ s L iterature for U nderstanding E conomics. Grades K & 1.

marina
Download Presentation

Barbara Phipps Shala London Sherie Surbaugh Nadia Kardash

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Barbara Phipps Shala London SherieSurbaugh Nadia Kardash

  2. Why?

  3. Common Core Connections • Supports cross-content literacy • Provides real-world applications • Develops habits of mind

  4. www.classroomclues.com Children’s Literature for Understanding Economics

  5. GradesK & 1

  6. Grade K ECONOMICS/PERSONAL FINANCE MATHEMATICS Understanding addition as putting together and understanding subtraction as taking apart • Goods and services • Scarcity • Opportunity cost • Saving

  7. Grade 1 ECONOMICS/PERSONAL FINANCE MATHEMATICS Solving problems involving addition and subtraction Understanding place value • Goods and services • Scarcity • Choices • Opportunity cost • Money vs. barter • Saving vs. spending • Income • Consumers and Producers

  8. Follow the Money! • Saving • Decision-making • Money • Adding and subtracting and more (see link) http://classroomclues.com/follow-the-money-2/5278

  9. Follow the Money!

  10. Monster Musical Chairs • Economic want • Good • Scarcity • Subtraction by one http://classroomclues.com/monster-musical-chairs/9287

  11. The Penny Pot • Goods • Services • Choice • Opportunity cost • Scarcity • Counting coins http://classroomclues.com/the-penny-pot-6/5180

  12. You Can’t Buy a Dinosaur for a Dime • Income • Consumer • Choices • Saving & Spending • Opportunity cost • Adding and subtracting currency http://classroomclues.com/you-cant-buy-a-dinosaur-for-a-dime-2/5226

  13. Grades 2 & 3

  14. Grade 2 ECONOMICS/PERSONAL FINANCE MATHEMATICS Solving problems involving addition and subtraction Understanding place value • Goods and services • Economic wants • Producers and consumers • Opportunity cost • Money vs. barter • Saving vs. spending • Budgeting • Income • Decision-making

  15. Grade 3 ECONOMICS/PERSONAL FINANCE Understanding fractions Solving problems involving measurement and estimation of intervals of time MATHEMATICS • Scarcity • Markets • Buyers and sellers • Credit and borrowing • Public goods and services • Spending/saving • Borrowing/lending • Income

  16. Little Nino’s Pizzeria • Goods and services • Entrepreneurship • Revenue, expenses and profit • “Find the profit” math problems (see link) http://classroomclues.com/little-ninos-pizzeria/5105

  17. My Rows and Piles of Coins • Saving • Capital resource • Market • Opportunity cost • Adding & subtracting http://classroomclues.com/my-rows-and-piles-of-coins/933

  18. Uncle Jed’s Barbershop • Human and capital resources • Specialization • Saving • Opportunity cost • Estimation costs and inflation http://classroomclues.com/uncle-jeds-barbershop/957

  19. A Chair for My Mother • Human resources • Savings • Scarcity • Opportunity cost • Budget development http://classroomclues.com/a-chair-for-my-mother-7/1259

  20. Lucky Beans • Productive resources • Human capital • Specialization • Income • Estimation • Measurement http://classroomclues.com/lucky-beans/9294

  21. Grades 4 & 5

  22. Grade 4 ECONOMICS/PERSONAL FINANCE MATHEMATICS Four operations w/ whole #’s Factors and multiples Generate/analyze patterns Multi-digit whole numbers Operations with fractions Classify shapes Draw/identify lines and angles • Opportunity cost • Productive resources • Production and consumption • Specialization • Entrepreneur • Economic systems, market economy • Human capital • Cost-benefit analysis

  23. Grade 5 ECONOMICS/PERSONAL FINANCE MATHEMATICS Numerical expressions Analyze patterns/relationships Place value system Perform multi-digit operations Add/subtract fractions Multiply/divide fractions Measurement system Volume Graph points on the coordinate plane to solve real-world and mathematical problems • Scarcity • Opportunity cost • Productivity and specialization • Supply and demand • Changes supply/demand • Supply/demand for labor • Banking and interest • Taxes • Cost-benefit analysis

  24. The Bobbin Girl • Productivity • Cost of production • Supply and demand • Costs/benefits • Compute reduction in pay percentages http://classroomclues.com/the-bobbin-girl/5259

  25. Isabel’s Car Wash • Incentives • Entrepreneurship • Productive resources • Decision-making • Investing • Budgeting • Percentages http://classroomclues.com/isabels-car-wash/5875

  26. Rock, Brock and the Savings Shock • Saving • Spending • Interest • Percents • Graphing http://classroomclues.com/rock-brock-and-the-savings-shock/5422

  27. Sheila Bair (on right)

  28. Mathematics & Economics 12 standards-based lessons Grades 3-5 Council for Economic Education

  29. Grade 5 LESSON OVERVIEW DOUGHTNUT DREAMING • Students use a class survey to collect data about the quantity demanded of doughnuts at different prices. • Students use data to construct a line graph. • Students discuss the law of demand and apply it to the graph to understand that at lower prices, the students will purchase more doughnuts.

  30. Grade 5 ECONOMICS/PERSONAL FINANCE MATHEMATICS Numerical expressions Analyze patterns/relationships Place value system Perform multi-digit operations Add/subtract fractions Multiply/divide fractions Measurement system Volume Graph points on the coordinate plane to solve real-world and mathematical problems • Scarcity • Opportunity cost • Productivity and specialization • Supply and demand • Changes supply/demand • Supply/demand for labor • Banking and interest • Taxes • Cost-benefit analysis

  31. Literature Connections http://classroomclues.com/the-donut-chef/5906

  32. Procedure Walk into the classroom holding a newspaper and eating a doughnut. Ask the students if they enjoy eating doughnuts.

  33. Procedure Read the book The Donut Chef and discuss favorite flavors of doughnuts and record on the board where they usually purchase them. Ask if they know how often they buy doughnuts, and discuss other ideas about doughnuts to interest them in the topic.

  34. Procedure Ask the students to think about the price of the doughnuts. Tell them the owners of a new shop don’t know what to charge. Ask them if they are willing to help the owners. Have the students complete a demand schedule.

  35. VISUAL: MY DEMAND SCHEDULEFOR DAYDREAM DOUGHNUTS Directions: Pretend you receive a weekly $10 allowance. Although you might want to spend all $10 on doughnuts, remember that your $10 allowance must pay for all of your expenses during the week, such as soft drinks, ice cream, books, toys, movies, video games and donations. Record the number of doughnuts you would be willing and able to buy at each price during one week, using one week’s allowance. Remember, if you are willing and able to buy a number of doughnuts at a certain price, you should be willing and able to buy at least this same number of doughnuts — and probably more — at any lower price.

  36. Procedure Have the students work through the calculations. Compile the data to obtain a class demand schedule. Explain Demand. Construct a linear graph.

  37. VISUAL: CLASS DEMAND SCHEDULE FOR DOUGHNUTS

  38. Demand: The schedule of the quantity of a good or service that people are willing and able to buy at different prices during a given time period. Law of demand: People are willing and able to buy less of a good or service at a higher price and more of a good or service at a lower price, when income and prices of other items remain the same.

  39. Title: Demand for Doughnuts

  40. An invitation… Northeast Kansas Teachers: • Money, Math & Make-Believe Teacher Summit, Summer 2014, Federal Reserve Bank of Kansas City • Lending Library and Consultations • District In-services Councils or Centers: Host your own training–contact us for sample agendas, handouts, etc. Barbara Phipps – phipps@ku.edu Shala London – shala@ku.edu Sherie Surbaugh – surbaugh@ku.edu Nadia Kardash – nadia@ku.edu

More Related