Economics Day #4

What
Economics Day #4
When
4/14/2022

NMS Daily Lesson Plan for Instruction

(Social Studies)


Teacher: D. Covey/B. Goodman

Unit/Session: Economy

Date of Instruction: 4/14/22

Standard/s: SS8E3

Learning Target/ Teaching Point: Explain the principles of effective personal money management.

Success Criteria: 

I know I have it when I can describe the role of income, budgeting, savings, and use of debt in personal money management.


Opening (I Do)


INTRODUCTION/CONNECTION:

Explain that we will be looking at a very important aspect of economic understandings- personal money management. This topic can be the most important information you can learn in school.


Direct Instruction (click link for video):

The segment will begin with the students completing a “Budget Basics” activity. The teacher will then use a slide presentation to teach the material. 

Work Period  (We Do, You Do)


GUIDED PRACTICE:

Discuss/Review the Budget Basics Activity.


INDEPENDENT/COLLABORATIVE PRACTICE/DIFFERENTIATION:


The students will create their own budget.


When needed:

Prompts/guidance through activity

Read aloud

One-on-one/small group instruction


Closing  (We Check)


SUMMARIZE/CHECK FOR UNDERSTANDING:

Explain the most important reason for budgeting.

Formative Assessment: 

Informal




Homework

None.



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