Title of Unit: Money in the Bank Title of Lesson: Income & Employment Submitted By: Amy Branstetter

A. Summary of the Lesson Plan: This lesson was designed for 4th grade students to learn about economic concepts of income and employment. This lesson uses the illustrated childrens book Save, Spend, or Donate? (A Book About Managing Money) by Nancy Loewen. B. Target Population: Grade Level: 4th grade Skill Level: For all learner skills levels Grouping: Whole group discussion & read aloud, independent for activity and assessment C. Materials: Childrens book: Save, Spend, or Donate? (A Book About Managing Money) by Nancy Loewen (ISBN# 140480952X) One per student: Economics Study Guide - see last page of lesson for example Economics Review (worksheet #1) see last page of lesson for example Economics Review (worksheet #2) see last page of lesson for example Making a Budget (worksheet) - see last page of lesson for example D. Objectives: o NV State Social Studies Standards o E9.4.1A Give reasons of any incentives and determine if they are positive or negative.

Student-Friendly Standards I can explain why having a budget and being employed are incentives that provide people with income.

E. Procedure: 1. Call students attention to the objective on the board and read aloud. Have students repeat the objective aloud to their neighbor. 2. Review vocabulary words (incentives, budget, income, and donate) and their definitions (previously written) on the whiteboard or overhead. 3. Pass out student worksheets and study guide and explain the directions. 4. Read the book, Save, Spend, or Donate? (A Book About Managing Money) by Nancy Loewen, aloud to students. 5. After completing the story, review with students the concepts of economics from the study guide and storybook.

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

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Title of Unit: Money in the Bank Title of Lesson: Income & Employment Submitted By: Amy Branstetter

Incentives are any factors that motivate someones behavior. Sometimes money (or income) is an incentive, but people can be motivated by nonmonetary factors as well, such as wanting to help a friend or a desire to watch a favorite T.V. show. Profit is a common incentive, especially for business owners. Right! By making a profit, business owners also do well for others by providing goods and services to their customers. The opposite of a profit would be a loss or losing money. Right! People have the right to enjoy the fruits of their labor. If you work hard on something, you should reap the benefits. For instance, when parents have jobs, they are paid for their efforts. Thats how they enjoy the benefits of their labor (employment). They get a pay check, an income, and with that, a budget. Sometimes people donate their time or volunteer their efforts to charities, even though it may not directly benefit themselves. People work hardest for others when they are freely choosing to do so though, not when someone is making them and not paying them for their efforts.

6. Have students complete their worksheets and write about jobs, things we purchase with our money, and budgeting. They will include drawings and definitions in their work. 7. Review the worksheets with students responses, answers, questions, and comments. 8. Collect all work. 9. CLOSURE: Review the objective on the board and have students read aloud, I can explain why having a budget and being employed are incentives that provide people with income. Ask students to give a signal if they believed theyve met this objective. So, have students confirm with a thumbs-up or down, fingers or facial signs. F. Assessment: What will you use to measure student understanding? I will use the worksheet activities and written paragraphs to formally check students understanding of key ideas. Explain how you will know students understand the concepts from the lesson. I will use the student discussion responses, paragraphs, and whether or not theyve met the objective to check students comprehension of lessons concepts.

G. Reflection: 1. Which part of the lesson do you think will be the easiest for you to teach? Reading the illustrated book should be the easiest part of this lesson to share with students.
Nevada State College EDEL 453 - Spring 2013 Karen Powell- Instructor page 2

Title of Unit: Money in the Bank Title of Lesson: Income & Employment Submitted By: Amy Branstetter

2. Which part will be most challenging for you to teach? This is a pretty straight forward lesson, besides general questions, students should be semi-familiar with these concepts. 3. How will you follow up or extend this lesson? Id like to extend the budget part of this lesson, but my next lessons going to be full with banking. Therefore, Id need another whole day to extend and follow-up with budget activities, but I could make a bigger impact if I extended by a day it down the road. 4. What will you do for students who dont grasp the concepts? I will work one-on-one with students who are not getting the concepts. We will break words, meaning, and definitions apart and explore them further. I could do a minilesson review highlighting key ideas with a graphic organizer. 5. Which part of the lesson, if any, do you think might need to change? If I were to change something, Id like to include another hands-on activity and get rid of the second worksheet from this lesson. 6. When you were writing this lesson plan, what was the most difficult part? Deciding if I was going to include the concept matter and the illustrated book was the toughest decision to make regarding this lesson. Save, Spend, or Donate? (A Book about Money Management) by Nancy Loewen

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

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Title of Unit: Money in the Bank Title of Lesson: Income & Employment Submitted By: Amy Branstetter

Economics Study Guide

Economics Review (worksheet #1)

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

page 4

Title of Unit: Money in the Bank Title of Lesson: Income & Employment Submitted By: Amy Branstetter

Economics Review (worksheet #2)

Making a Budget

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

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