Title of Unit: Economics Title of Lesson: Money is Limited Submitted By: Brittini Mrozek

A. Summary of the Lesson Plan: This social studies lesson is designed for 2nd grade students to learn about the concept that money is limited. This lesson uses the book Alexander Who Used to Be Rich Last Sunday by Judith Viorst. B. Target Population: Grade Level: 2nd grade Skill Level: Students at all learning levels Grouping: Whole group discussion, independent for assessment C. Materials: Alexander Who Used to Be Rich Last Sunday by Judith Viorst Pen/paper Overhead/ or projector D. Objectives: o NV State Social Studies Standards o E10.2.1 Discuss the concept that money is limited.

Student-Friendly Standards E10.2.1 I can talk about how money is limited.

E. Procedure: 1. Introduction- Display pictures of banks on an overhead. Survey the classroom to see how many students have their own banks at home. o o Ask: Do they take money out of their banks for spending? Introduce vocabulary (income, scarcity)

2. Read aloud Alexander Who Used to Be Rich Last Sunday 3. Discuss the choices Alexander had with his income. (he could spend it on goods, save it, invest it, or donate it) What is the scarcity problem in the story? 4. Journal Entry: Ask the students to imagine about how Alexander felt about his use of money. What might he do next time? What would you have done with the money? 5. CLOSURE: Review what scarcity means. Ask students what Alexander couldnt have because money was limited. F. Assessment: What will you use to measure student understanding?
Nevada State College EDEL 453 - Spring 2013 Karen Powell- Instructor page 1

Title of Unit: Economics Title of Lesson: Money is Limited Submitted By: Brittini Mrozek

I will use the journal entry to measure the students understanding. I will also use formative assessment during our discussions throughout the lesson. Explain how you will know students understand the concepts from the lesson. Students should be able to discuss the concept that money is limited. If students can complete their journal entry and participate in whole group discussion I know that they can discuss the concept that money is limited. G. Reflection: 1. Which part of the lesson do you think will be the easiest for you to teach? I think it will be easy for students to learn that you cant have everything you want because money is limited. 2. Which part will be most challenging for you to teach? The word scarcity seems a little hard for second grade students. I think they will know that money is limited but might have a hard time with the word scarcity. 3. How will you follow up or extend this lesson? I could follow up this lesson by giving the students a fake allowance for a week. They will have to manage their money the entire week to be able to pay for a prize at the end of the week. This will show them that money is not limited and choices need to be made according to your wants and needs. 4. What will you do for students who dont grasp the concepts? For students who dont grasp the concept, I will work with them one on one. We can talk about items they want and discuss if it is possible to have them. Do they have enough money? Is their money limited? 5. Which part of the lesson, if any, do you think might need to change? I wouldnt change anything about the lesson. I like having a book to read to the class and then incorporate writing to get the students to think abstractly about the concept that money is limited. 6. When you were writing this lesson plan, what was the most difficult part? I knew I liked the book but I didnt know what activity I wanted to do after the book. I thought a journal entry would fit better than an activity because it gets the students to work on their comprehension as well as learning about the concept that money is limited.

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

page 2

Title of Unit: Economics Title of Lesson: Money is Limited Submitted By: Brittini Mrozek

This is the book I will use for the lesson. You can find this book at your local library.

Nevada State College

EDEL 453 - Spring 2013

Karen Powell- Instructor

page 3