Lesson Plan
Curated OER

Income and Expenses

For Teachers 3rd - 7th
Learners discuss income and expenses. For this lesson on money, students define income and expenses, after whith they keep track of their income and expense transactions on a basic ledger.
Lesson Plan
Curated OER

Income and Outcomes

For Teachers 8th
Bring financial literacy into your classroom. Learners use peer support to reflect on their spending and how it reflects their income and their values.
Lesson Plan
Curated OER

Do I Have What it Takes to be an Entrepreneur - and is My Community Ready?

For Teachers 9th - 12th
Discover the attributes of entrepreneurs and define what entrepreneurship is while examining data based on local businesses. Learners determine whether their community is supportive of entrepreneurs as they research economic development...
Lesson Plan
Curated OER

Reality Store: How to Plan a Budget, Pay Bills, and Manage Your Money

For Teachers 1st - 5th
Students plan a budget and pay bills when they visit the "Reality Store," a series of classroom studying stations. The use of paying bills and running a class store is used to help students grasp the concept of business.
Unit Plan
Federal Reserve Bank

It's Your Paycheck

For Teachers 6th - 12th Standards
Beyond reading and arithmetic, one of the most important skills for graduating seniors to have is fiscal literacy and responsibility. Start them on the right financial track with nine lessons that focus on a variety of important...
Worksheet
Curated OER

Personal and Family Considerations

For Students 10th - 12th
In this vocational worksheet, students respond to 28 questions, rating them from strongly agree to strongly disagree. The questions focus on personal, family, and future considerations.
Lesson Plan
Curated OER

From the Mixed Up Files of Mrs. Basil E. Frankweiler

For Teachers 3rd - 7th
Students listen to From the Mixed-up Files of Mrs. Basil F. Frankweiler and discuss wants and needs.  In this iincome and expenses lesson, students relate the adventures of the children in the book to a real life financial...
Lesson Plan
Curated OER

Profit and Loss

For Teachers 3rd - 5th
Young scholars analyze the concept of profit and loss, the components of a simple profit and loss statement and the importance of a profit and loss statement. They calculate profits using gross income, total expenses and cost of goods...
Lesson Plan
Curated OER

Simulation and Accounting Practices

For Teachers 9th - 12th
  Students implement their knowledge about accounting practices into a simulation activity.  In this secondary consumer/business math lesson, students participate in a simulation centered on the life of the people during the...
Lesson Plan
Curated OER

Invest In Yourself

For Teachers 7th - 12th
Students learn about budgeting, saving, dept, financial management, opportunity cost, and self-regulation. For this financial management lesson, students apply their knowledge of finance components and create their own web based plan...
Lesson Plan
Curated OER

There's No Accounting for Good Journals

For Teachers 10th
Tenth graders create journals on their spending habits. In this money-management lesson plan, 10th graders create and keep journals of their personal income and expenditures. Students learn to use Excel to create a spreadsheet for their...
Lesson Plan
Curated OER

Invest in Yourself

For Teachers 9th - 12th
Pupils develop the concept of finances. In this finance lesson, students watch a video called, "Moving Out." Pupils calculate the finances of a character in the video. Students experience various budget scenarios such as earning debt,...
Lesson Plan
Curated OER

Taxes: Where Does Your Money Go?

For Teachers 9th - 12th
Students study taxes and the role that they place in our lives. In this economic lesson, students explore the reality of taxes, how they work, why we pay them, where the money goes and how to make the most of the money you pay into taxes...
Lesson Plan
Curated OER

Earned Income Credit

For Teachers 6th - 12th
Students distinguish between tax deduction and tax credit, explain how the earned income credit affects the tax liability, apply requirements to claim the earned income credit, and describe factors that determine the amount of the earned...
Lesson Plan
Curated OER

Account-Recording Adjusting/Close Entries for Service Business

For Teachers 9th - 12th
Learners discover how to journal adjustments and post them into general ledger accounts. They explore what a post closing trial balance is and why it is prepared at the end of a fiscal period. They complete an outline and play online...
Lesson Plan
Curated OER

Choice, Opportunity, Cost and Decisions

For Teachers 9th - 12th
Learners discuss the definition of scarcity and tradeoffs, and the differences between choice and cost. They create budgets and must provide tradeoffs for some of their choices.
Lesson Plan
Curated OER

The Artist as Entrepreneur: Is this a Hobby or a Business?

For Teachers 9th - 12th
Pupils discover the IRS codes and criteria for establishing their art activity as a business rather than a hobby. They develop ways to demonstrate that their art activity is actually a business venture as classified by the IRS.
Lesson Plan
Curated OER

Introduction to the National Debt

For Teachers 9th - 11th
Students relate the national debt to the economy. In this algebra lesson, students discuss what the national debt is, create a national budget based on priority and what the government should spend money on. They analyze their findings...
Lesson Plan
Curated OER

Small Busines Schemes

For Teachers 9th - 12th
Students investigate a small business and its profitability. In pairs, as they research a business adventure, students consider the capital outlay, maintenance, office space, prices, insurance, and profit and loss statements. Students...
Lesson Plan
Curated OER

Account-Recording Adjusting/Close Entries, Partnership

For Teachers 12th - Higher Ed
Students examine adjusting and closing entries for a partnership set up as a merchandising business. They participate in a game and online activities, read handouts, complete an outline, and take a quiz.
Lesson Plan
Curated OER

The Expenditure Sheet

For Teachers 9th - 10th
Students differentiate between expenditure and income. In this algebra lesson, students create a spreadsheet labeling the date, item and amount as they track their expenses. They format the cells of the spreadsheet to do all the...
Worksheet
Centennial College

Break-Even Analysis Worksheet

For Students 11th - Higher Ed
In this business worksheet, students compute various word problems given the fixed and variable costs involved. Then they identify from a list which are variable and which are fixed costs. Students also describe the difference among a...
Lesson Plan
Curated OER

Account-Recording Adjusting/Close Entries(Service Bus.)

For Teachers 9th - 10th
Young scholars participate in a number of activities to learn how to adjust general ledger accounts and journal closing entries.
Worksheet
Curated OER

Closed Economy Expenditure Model Test

For Students 10th - 11th
In this economics worksheet, students answer questions relating to consumption, investment, and expenditures in a model of a closed economy.  The eight page worksheet contains forty multiple choice questions.  Answers are not...