Title of Unit: Money in the Bank Title of Lesson: Barter & Trade It Submitted By: Amy Branstetter

A. Summary of the Lesson Plan: This lesson was designed for 4th grade students to learn about the economic concepts of bartering, scarcity, and the mutual benefits of trade. This lesson uses the childrens illustrated book Let's Trade: A Book about Bartering (Money Matters) by Nancy Loewen. B. Target Population: Grade Level: 4th grade Skill Level: For all student skill levels Grouping: Whole group discussion, partners for activity and worksheet, and independent for assessment C. Materials: Childrens Book- Let's Trade: A Book about Bartering (Money Matters) by Nancy Loewen (ISBN# 1404811575) 3-4 Bags of candies (3 different types of fun/snack size candy) One per student: 3-4 pieces of the same kind of candy (fun/snack size) Money or Barter (worksheet)see last page for sample Piece of paper (Ticket Out the Door) Pencil D. Objectives: NV State Social Studies Standards E9.4.5 Explain why all those who trade must benefit from trade, using an example such as trading baseball cards.

Student-Friendly Standards I can tell and write about the benefits of barter and trade.

E. Procedure: 1. Review the objective on the board. Have students read aloud. 2. Discuss & define the vocabulary words (barter, benefits, and trade) on the board and review the word and definition for (scarcity). 3. Pass out Venn-diagram worksheet Money or Barter and discuss the directions. Ask students to take notes on their worksheet and compare and contrast facts or ideas about using money verses bartering in trade. 4. Read the childrens illustrated book Let's Trade: A Book about Bartering (Money Matters) by Nancy Loewen aloud to students. 5. Review concepts of barter (trade), scarcity, and benefits. Explain to students that:
Nevada State College EDEL 453 - Spring 2013 Karen Powell- Instructor page 1

Title of Unit: Money in the Bank Title of Lesson: Barter & Trade It Submitted By: Amy Branstetter

All resources are scarce. Whether it means that you only have so much time before you go to bed, or whether the United States is made up of only so much land, we dont have unlimited amounts of anything. With scarce resources, we can barter, or trade, to get the best combination of resources possible. For instance, you can trade goods, like comic books, toys, or candy. You could also trade other things that arent so easy to see or touch, like an extra half hour of playing outside in exchange for doing the dishes or chores. Barter, or trade, is amazing, because it always leaves both sides better off. After all, if a trade didnt make you better off, why would you do it in the first place? This applies whether you are trading between your friends or another country. We call this the mutual benefits of trade.

6. Pass out candies by dividing them into three different kinds of candy among all students. 7. Class Activity: Each student should have only one kind of candy. Then, allow the students to trade with one another for about 8 minutes. At the end of the trading period, ask students to vote on whether theyre happier or less happy with where they ended up compared to where they started. Discuss why as a class. Then eat the candy.

8. Students should finish up on their worksheet and review student answers, responses, and questions. 9. Have students list 3 benefits of using money or barter during trade. They should take a proactive stand with one or the other and this will be their Ticket Out the Door today. 10. CLOSURE: Review objective on the board and have students read aloud, I can tell and write about the benefits of barter and trade. Ask student to identify yes or no with a sign(thumbs-up or down, 1 or 2 fingers, 1 eye shut, etc) if they believe they have indeed met this objective. Review any questions or comments at this time.

F. Assessment: What will you use to measure student understanding? I will use students participation and understanding of the trade activity, the Venndiagram, and student worksheet to check comprehension of barter and trade.

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

page 2

Title of Unit: Money in the Bank Title of Lesson: Barter & Trade It Submitted By: Amy Branstetter

Explain how you will know students understand the concepts from the lesson. I will use students Ticket Out the Door, students discussion responses, and the confirmation of whether or not they met the objective and can clearly identify the benefits of trading and bartering. G. Reflection: 1. Which part of the lesson do you think will be the easiest for you to teach? I think allowing students to trade their candy will be the easiest part of the lesson to teach. 2. Which part will be most challenging for you to teach? I not sure if it will be challenging to teach, but I need to make sure students are clear about the difference between money and barter in trade. 3. How will you follow up or extend this lesson? I want to extend this lesson with a follow-up component during the review lesson. 4. What will you do for students who dont grasp the concepts? I will work with struggling students by showing pictures and examples of trade through money or barter. I could have students draw an overview concept map with other connections and drawings for referencing. 5. Which part of the lesson, if any, do you think might need to change? I like this lesson it fits well with the theme and student objectives. I may want to extend the trade activity to include money (play) to work with also. Its just a thought though. 6. When you were writing this lesson plan, what was the most difficult part? The most difficult part of the lesson was deciding what I wanted the student activity to be and how I could make it as simple as possible. Lets Trade: A Book about Bartering (Money Matters) by Nancy Loewen (ISBN# 1404811575)

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

page 3

Title of Unit: Money in the Bank Title of Lesson: Barter & Trade It Submitted By: Amy Branstetter

Money or Barter

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

page 4