Title of Unit: Elementary Economics 1st grade Title of Lesson: Money Madness Lesson Plans Day 1

Lesson Plan# 1 out of 5

Summary of the Lesson Plan In this lesson students will learn how bartering works by doing an activity with their groups. Money Madness by David A. Adler Target Population: grade level: 1st grade skill level: At grade level grouping: Whole group, small group Objectives: E 10.1.1 Explain what money is and how it is used. E10.1.1A Explain the form and function of money and how it is used. Procedure: 1) Read Money Madness by David A. Adler pages 1-13 2) Ask students what they know about bartering. Find out what they know. 3) Place students in groups of five. Before the lesson prepare index cards that say turkey owner, cow owner, bread owner, sheep owner and fish owner. On the back side of each card write what that person wants in exchange. The turkey owner(fish), cow owner (sheep), bread owner (cow), sheep owner (turkey) and fish owner (bread). Place one set of these cards in an envelope and make enough envelopes for each group. 4) Give each group an envelope and have them each take one card. 5) Now tell the group member who is the bread owner to find out what the farmer wants in trade for his cow. Then have the bread owner go down the line until he finds someone who wants bread. 6) When they find that person they are to start making the trade. 7) Have them make the trade by using the card they are holding as the item they are trading. 8) When this is complete everyone should have a different card and have the groups perform this until everyone has a chance being the bread owner. 9) Assist with this as much as you can to make sure everyone has the right idea on how to barter. 10) Have the students come back together and ask them, When you are bartering you really have to think about what you need and what you want. What is the difference between needs and wants? 11) Discuss this with them. 12) Finish reading Money Madness. Assessment: Teacher observation. Discussion time. Reflection:

EDEL 453 Spring 2012

Karen Powell Instructor

Submitted by: Rosalee Swezey

Title of Unit: Elementary Economics 1st grade Title of Lesson: Money Madness

Lesson Plan# 1 out of 5

What skills do students need in order to be successful with this lesson? Students need to be able to communicate, figure out how to trade, and listening skills. How will you follow up or extend this lesson? I will continue this lesson with teaching them about money. What can you do for students who don't grasp the concepts? I will make sure when I group the students they are with a student who is a high level student. I will also assist those who are in my low groups. Where do yo anticipate having problems with this lesson? I anticipate they might have a problem with the trading of the cards. They might not understand what bartering is and how it works. Materials: Envelopes Index cards Money Madness by David A. Adler

EDEL 453 Spring 2012

Karen Powell Instructor

Submitted by: Rosalee Swezey