Council for Economic Education
You Can Bank On This! (Part 3)
Young scholars use a chart to show how gaining interest is a beneficial part of having a savings account. In this banking lesson plan, students also learn about the workings of an ATM and a checking account.
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My Bank, My Decision!
Students create a three-part bank. In this savings lesson, students utilize the three-part bank to separate their spending needs, wants, and long term goals. Students share some of the money earned for donation. Students discuss the...
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Saving and Creating a Personal Budget
Fifth graders brainstorm ways to save money. In this financial awareness lesson plan, 5th graders read a chapter from the book, From the Mixed-Up Files of Mrs. Basil E. Frankweiler and create a personal budget for themselves.
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A Visit to the Mint
Emerging consumers recognize the types and denominations of U.S. currency. They listen to a guest speaker (if possible) and view a video. They create their own money using styrofoam and a toothpick for engraving. Consider creating...
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Checks and Balances
Students examine how bank checks work and follow the "journey" of a written check. They discuss how transactional accounts work, identify and discuss the various parts of a check, and participate in a simulated business transaction...
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Great Depression: Bank Runs and Economic Collapse
Eleventh graders list factors that helped cause the economic collapse during the Great Depression. In this Great Depression lesson plan, 11th graders view video clips, read, and research the Great Depression and identify bank...
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How Banks Create Money
Students participate in a simulation game to discover the role of banks in creating checkbook money through lending practices. They play a lending and borrowing game and use a money multipiler equation to solve problems associated with...
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There's No Business Like Bank Business
Students participate in a role play where they see how a bank works and how interest is paid by having money in the bank. In this bank lesson plan, students operate a bank and learn about saving, accounts, deposits, withdrawals,...
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Banking Account Options
Learners explore and discuss the various account options available to them at the bank. They create a paragraph stating the pros and cons of each kind of banking account. This instructional activity is intended for students acquiring...
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Banking And Making Change
Twelfth graders simulate making purchases based on infromation located in supermarket flyers. Working in groups, 12th graders alternately make purchases and calculate change from a given amount. Students role play common bank...
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Piggy Bank Math
Students practice solving money problems. In this counting coins lesson, students follow the outlined steps and use mixed operations to determine the coin combinations needed to solve a math word problem.
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Describe How Money Barter, and Credit Were Used in Colonial Virginia
Fourth graders listen as the teacher lectures about bartering. They work in small groups to define and create a skit about one term related to bartering. Students create an Economic Terms booklet. They review that tobacco was a cash crop...
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Coins
Second graders observe and demonstrate how to count the value of assorted coins. They discuss a story from their Math Storybook, and as a class solve a variety of problems using activity sheets. Students then independently complete a...
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Economy Introduction: Jack and the Bank Stock
Third graders explore the functions of money. In this economics instructional activity, 3rd graders read Jack and the Beanstalk to discover the three main functions of money.
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Saving and Spending
Pupils identify the reasons why they believe people save money. After this list, they discuss what they spend their money on and determine if the reasons for saving money change over time. In groups, they use the story of "Uncle Jed's...
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Spending - Maintaining the skill of money
Third graders practice making change with money. In this subtraction lesson, 3rd graders watch a video about money. Students investigate what it means to earn money, spend it, and find their change.
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SPENDING: Maintaining the Skill of Money
Fourth graders explore the concept of maintaining money. In this personal finance lesson, 4th graders earn "money" for cleaning their classroom desks. Students spend the "money" in the classroom and practice making change.
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Money Matters Curriculum
Students complete a concept map on how money matters in our society. They use the internet to discover an online exhibit about money. They also complete a concept map.
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Something Special For Me
People often save money, but what are the benefits and drawbacks of that action? Youngsters learn about saving, savings, and opportunity cost through the lens of a short book, called Something Special for Me.
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Beatrice’s Goat: A Lesson on Savings Goals
Youngsters learn the meaning of saving and how to reach savings goals by first reading a story of a young Ugandan girl who is gifted a goat, and then discovering the opportunity costs of savings decisions made by her and her family.
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Savvy Savers
What are the benefits and risks of saving in an interest-bearing account? Pupils explore concepts like risk-reward relationship and the rule of 72, as well as practice calculating compound interest, developing important personal...
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Money Matters!
Students get to build a piggy bank and experiment with coin denominations. Students gather parents and community volunteers to join with them for this class art project. Students and volunteers papier-mache an original piggy bank.
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Lesson 3: What Happens When a Bank Makes a Loan?
Students role-play to show how bank loans made to people can have an impact on others in the community. In small groups, they analyze hypothetical loans, using flow charts or other diagrams to describe the probable impact of each.
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Opening A Bank Account
Students identify the different types of accounts offered by local banks. Students review and define appropriate banking terms when opening an account. Working in pairs, students role play the proper way to open an account. This...