Unit Plan: Teaching Kids About Money

Lesson Plan for Friday Grade: 3rd Grade Social Studies Strand: Economics

Submitted By: Vida Reljic

EDEL 453: Teaching Elementary School Social Science Nevada State College Spring 2014 Instructor: Karen Powell

Lesson Plan for Friday

Strand: Economics

submitted by: Vida Reljic

B. Summary of the Lesson Plan: This social studies lesson is designed for 3rd grade students to practice writing checks. They will be introduced to a set of new vocabulary words that are displayed on a check. C. Basic Information: Grade Level: 3rd grade Time to Complete this Lesson: approximately 50 minutes Groupings: direct instruction, guided practice, partners, independent for activity, assessment

D. Materials: Checks

Pencil

Handout 1(Basic Banking Services), Handout 2 (description)

E. Objectives: o
Nevada State College

NV State Social Studies Standards E10.3.2. Define banking terms including saving, interest, and borrowing.
EDEL 453 - Spring 2014 Karen Powell- Instructor page 2

Lesson Plan for Friday

o

Strand: Economics

submitted by: Vida Reljic

Student-Friendly Standards I can explain different terms used in banks such as interest, saving, and borrowing.

F. Vocabulary Account number- The number used to identify your unique account within a bank. Check number- The number used to identify a specific check. Usually three to four digits. Payee- this is where you write the name of the person or business on the line, Pay to the order of. Routing number- the nine-digit string of numbers used to identify your bank to process the transaction. Transit number- it is the hyphenated number in the upper right-hand corner that is above or to the left of a second number, separated by a line or slash; used to list checks for deposit.

G. Procedure: 1. Explain that the session activity will be in two steps: First, students will illustrate how to write a check. Second, each person will practice writing his/her own check. Blank check with descriptions of the different areas displayed n the check.

2. Distribute Handout 1: Writing a Check, and explain the pages: 3. Explain the vocabulary words (account number, check number, payee, routing number, transit number). 4. Explain the checks should be filled out using only INK, but we will use pencils to erase mistakes. 5. Talk about voiding checks when you make a mistake using a pen. 6. Explain routing, check, and account numbers listen on the check. 7. Stop ask for questions. 8. Ask students to move to page 2 and write a check using the information listed at the bottom of the page. 9. Move around and answer any questions. 10. Review the completed checks. 11. Ask a student to explain his/her completed check. 12. Let the students know that checks are considered money and should be kept in a safe spot.

Nevada State College

EDEL 453 - Spring 2014

Karen Powell- Instructor

page 3

Lesson Plan for Friday

H. Assessment:

Strand: Economics

submitted by: Vida Reljic

What will you use to measure student understanding? I will measure the students understanding by reviewing their checks. Explain how you will know students understand the concepts from the lesson. I will know the students understand the concepts from the lesson by watching them fill out their practice check forms. I would also ask them randomly to verbally tell me what some of the vocabulary words mean. I. Closure: The students will stand-up, hand-up, pair-up and review their checks with one another. I will walk around the class and observe.

J. Reflection: 1. Which part of the lesson do you think will be the easiest for you to teach? I believe the easiest pat to teach will be explaining to the students what checks are used for and why they are important. 2. Which part will be most challenging for you to teach? The most challenging part to teach will be explaining the vocabulary words to the students since some of them are almost similar to one another. 3. How will you follow up or extend this lesson? An extension to this lesson would be to have students write another check with ink this time that way I can tell who mastered the concept of writing checks. 4. What can you do for students who dont grasp the concepts? For those students who didnt grasp the concept, I would provide a real check for them and have them observe it and then write another check on their own. I would also let them take it home and work on it at home. 5. Which part of the lesson, if any, do you think might need to change? I believe a professional in the banking field should come in and discuss the importance of checks and how to write a check. This would give students more excitement and they would want to learn more about the banking system. 6. When you were writing this lesson plan, what was the most difficult part? The most difficult part of writing this lesson was introducing the vocabulary words because it is hard to explain something to students that they havent used before or even seen before, especially since most of the check vocabulary words have similar concepts.

Nevada State College

EDEL 453 - Spring 2014

Karen Powell- Instructor

page 4

Lesson Plan for Friday

Strand: Economics

submitted by: Vida Reljic

Nevada State College

EDEL 453 - Spring 2014

Karen Powell- Instructor

page 5