28.7 a. Explain that people earn money at their jobs. Money is used to pay for goods and services. Show the images of jobs, included in related media, as examples for the students. b. Have a discussion about the students’ experiences with money. Ask: i. How do you receive money? (Answers may vary.) ii. How do you make decisions about how to spend your money? (Answers may vary.) iii. What do you ask your parents to spend money on? (Answers may vary.) 7. Have a discussion about goods and services the students and their families pay for with money. Discuss the importance of having these goods and services to meet our needs. a. What goods does your family pay for with money? (Answers may vary.) b. How do those goods help you meet your needs? (Answers may vary.) c. What services does your family pay for with money? (Answers may vary.) d. How do those services help your family meet their needs? (Answers may vary.) 8. Tell the students that as a center activity this week (or during whatever time you choose), they will have the opportunity to play in a classroom store to practice paying for goods and services with play money. 9. Discuss how the store will work. Set rules for the store. Ask the students to answer the following questions. Record their answers on chart paper. a. How will you decide what kind of store you are playing in and what kinds of goods the store will sell? (Answers will vary.) b. How will you decide who will be selling things and who will buy things? (Answers will vary.) c. How will you decide how much things in your store cost? (Answers will vary.) d. How will the customers get their money, and how much will they get? (Answers will vary.) e. How will you make decisions on how to spend your play money? (Answers will vary.) f. What will you do if someone decides they want to play differently? (Answers will vary.) 10.Allow small groups of students to practice using money in the classroom store. Model the procedures before students begin. Article Assessment Question: 1. What do people use money for? a. to eat food
b. to read funny books c. to sleep in their bed d. to pay for goods and services
Economics | Week 28
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