Money & Me

3rd grade
Millcreek Elementary School
PET Project

Organizer:

   How can money work in my life?

Essential Questions:

1. What is the purpose of money
   (bartering, foreign money, different coins, beads, etc.)

2. What is the difference between wants and needs?

3. How do we earn (get) money?

4. How can I use money?
   (use responsibly? Use irresponsibly?)

Academic Expectations:

2.18 Economic Principles & Decisions

Ø Distinguish between wants and needs

Ø Apply fundamental economic concepts (goods/services; supply/demand; scarcity)

Ø Understand the world of work as an essential part of the economy

Ø Recognize and apply fundamental marketing strategies (e.g. survey, cost analysis, product development)

Ø Understand the importance of planning and maintaining accurate records of budgeting and other financial activity.

Ø Develop informed decisions based on a variety of economic considerations.

2.10 Measurement Concepts

Ø Develop concepts of money through use of manipulatives

1.11 Students write using appropriate forms, conventions, and styles to communicate ideas and information to different audiences for different purposes.

Write for a variety of purposes (e.g., expressive, transactive, imaginative) and forms (e.g., journal entry, letter, poem/story) to a variety of audiences.

1.2 Reading

Students construct meaning from a variety of print materials for a variety of purposes through reading. Relate reading experiences to life situations.

Culminating Activity:

Students will establish and set up a business that delivers a service or sells a product. Businesses will be displayed at the MILLCREEK MARKET. Parents and community members will be invited to come and shop at the MILLCREEK MARKET.

Leading Up to Culminating Activity

Ø Brainstorm ideas for student business

Ø Students choose their business

Ø Write a proposal which justifies the need for their business

Ø Submit the proposal for acceptance

o Rubric or template

o Requirements for a proposal

Ø Proposal is approved

Ø Students work on business/product/service at home

Ø Students create an advertisement for their business

o Flyer

o Sign for the MILLCREEK MARKET

Content Knowledge, Skills & Processes

Economics

· Needs/Wants

· Scarcity

· Producers and Consumers

· Decision Making

· Opportunity Cost

· Goods and Services

· Resources

· Advertisements

· Entrepreneurship

· Profit

Math

· Value of money

· History of money

· Data collection

· Counting money

· Making change

Writing

· Transactive Writing

o Friendly letter

o How-to piece

Activities

Origin of History of Money

Needs/Wants

Scarcity (Supply & Demand)

Essential Question #1

· KWL

· "All About Money Story" p. 11-13; Consumer Math

· "Birth of a Coin" website
http://www.usmint.gov/kids/tour/index.html 

· "Money, Money, Money" p TE112; Open Court

· Round & Round the Money Goes

· The Go-Around Dollar; examine symbols/ draw dollar bill

· Graph Penny Dates/Mints/Information

Essential Question #2

· Econ and Me

· Arthur’s Christmas – Lesson #1

· One Grain of Rice

· A Spoon for Every Bite

· Econ and Me

· Arthur’s Thanksgiving – Lesson #2

· What Costs More? P 43 Consumer Math

Producers/Consumers

Economic Choice Decision-Making

Opportunity Cost

· Ox-cart Man

· Arthur’s Christmas: Lesson 3

Essential Question: #4

· Alexander, Who Use to be Rich Last Sunday

· Shopping Spree Online

· Arthur’s Computer Disaster: lesson #4

· What kind of shopper are you pp 37-39 Consumer Math

· Piggy’s Story – (Saving & Spending Consumer Math pp 28-31

Essential Question: #4

· Arthur’s New Puppy

Goods & Services

Economic Resources

Advertisements

· Ox-cart Man

· Arthur’s TV Trouble
Lesson #6

· Charades Game; Consumer Math pp 21-22

· Arthur’s First Sleepover: Lesson #7

· Arthur’s TV Trouble: Lesson #8

· Buy Me Consumer Math pp 57-60

· Advertising Campaign; Consumer Math p. 62

· Pre-writing Activity – use with Lab Activity where students create own fliers to post in school for their business

Entrepreneurship

Profit

Charity

Essential Question: #3

· The Paper Crane

· Arthur’s Pet Business: Lesson #9

· Lemonade for Sale

· Yard Sale

· "Papa John’s Pizza" Entrepreneur’s in Kentucky

· Kids Did It in Business p 146 Open Court

· Business Proposal – Writing Piece

· How-to Piece

· Reflective Piece

· Making Change Online Activity

· Arthur’s Pet Business: Lesson #10

· Money; Ch. 6, Scott Foresman Math Book

· Kids Did It in Business p 146 Open court

Web Activity Resources

Amaze-Mint - - - http://www.usmint.gov/kids/tour/index.html

History of Money - - - http://www.pbs.org/newshour/on2/money/history.html

Interactive Coin Match - - - http://www.usmint.gov/Kids/clubhouse/coincentration.html

Making Change - http://www.funbrain.com/cashreg/index.html

Faces on Bills - - - http://www.bep.treas.gov/kids/faces/index.cfm

Assessment

Part One – Business Proposal

Student will write a business proposal to be submitted to another 2/3 for approval.

Part Two – The Business

Student will participate in the MILLCREEK MARKET.

Part Three – Transactive (How-To) piece

Students will write, "How did I create/perform my product/service."

Part Four – Reflective Piece

Students will complete a written evaluation of what they have learned.

 

Scoring Guide

Activity

Points

Rubric

Business Proposal

4

· Written in a friendly letter format

· Body includes more than three economic reasons why this is an appropriate business for them to begin

· Has no errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

 

3

· Written in a friendly letter format

· Body includes three economic reasons why this is an appropriate business for them to begin

· Has only 1 or 2 errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

 

2

· Does not include 1 or 2 elements of a friendly letter format

· Body includes 1 or 2 economic reasons why this is an appropriate business for them to begin

· Has only 3 or 4 errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

 

1

· Does not include 3 or more elements of a friendly letter format

· Body includes only 1 or no economic reasons why this is an appropriate business for them to begin

· Has 5 or more errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

 

Student Name_______________

Scoring Guide

Activity

Points

Rubric

Business  Proposal

4

·        Written in a friendly letter format

·        Body includes more than three economic reasons why this is an appropriate business for them to begin

·        Has no errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

3

·         Written in a friendly letter format

·         Body includes three economic reasons why this is an appropriate business for them to begin

·         Has only 1 or 2 errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

2

·         Does not include 1 or 2 elements of a friendly letter format

·        Body includes 1 or 2 economic reasons why this is an appropriate business for them to begin

·        Has only 3 or 4 errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

1

·         Does not include 3 or more elements of a friendly letter format

·         Body includes only 1 or no economic reasons why this is an appropriate business for them to begin

·        Has 5 or more errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

Comments

 

 

 

Student Name: ____________

Scoring Guide

Activity

Points

Rubric

The Business

4

Business demonstrates detailed planning, exceptional effort and creativity

3

Business demonstrates planning, effort and creativity

2

Business demonstrates some planning and effort

1

Business demonstrates little to no planning and effort

 

Comments

 

 

Activity

Points

Rubric

Transactive Piece

4

·         Writer engages the reader in a creative manner to focus on how to create/perform a product/service

·         Writer develops main idea with supporting details in a logical order using descriptive language and varying sentence structure.

·        Has no errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

3

·         Writer stays focused on how to create/perform a product/service

·         Writer develops main idea with supporting details in a logical order.

·         Has only 1 or 2 errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

2

·        Writer has minimal focus on how to create/perform a product/service

·        Writer states main idea with few details that may or may not be in logical order. 

·        Has 3 or 4 errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

1

·         Writer has no focus on how to create/perform a product/service.

·         Writer states main idea with 1 or 2 details that are not in logical order. 

·        Has 5 or more errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

 

Activity

Points

Rubric

Reflective Piece

4

·        Writing demonstrates a clear understanding of the purpose of money, gives examples of the difference between wants and needs, explains in detail how money is earned and gives examples of how money can be used

Has no errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

3

·        Writing demonstrates a clear understanding of the purpose of money, gives one example of the difference between wants and needs, explains how money is earned and gives one example of how money can be used

·         Has only 1 or 2 errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

2

·        Writing demonstrates a general understanding of the purpose of money, tells the difference between wants and needs, explains how money is earned and gives one example of how money can be used

·        Has only 3 or 4 errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

1

·        Writing demonstrates little understanding of the purpose of money, may or may not state the difference between wants and needs, gives a limited explanation of how money is earned and can be used

·        Has more than 5 errors in writing mechanics – CUPS (capitalization, usage, punctuation and spelling)

 

 

Student________________________ Date___________

Money and Me Economics Unit

Scoring Guide

Activity

Points Earned

Business Proposal

The Business

Transactive Piece

Reflective Piece

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