Unit Plan: People Saving Money

Lesson Plan for Wednesday

Grade: 2
nd

Social Studies Strand: economics
Submitted By: Christi Schlack


EDEL 453: Teaching Elementary School Social Science
Nevada State College Spring 2014
Instructor: Karen Powell
Lesson Plan for Wednesday Strand: economics submitted by: Christi Schlack

Nevada State College EDEL 453 - Spring 2014 Karen Powell- Instructor page 2
B. Summary of the Lesson Plan:
This lesson is designed for a 2
nd
grade class to learn about trading money for items and
services. This lesson uses previous concepts learned from the Houghton Mifflin textbook
Neighborhoods pg. 180-183 with supplementary materials like money and small items to
practice trade.
C. Basic Information:
Grade Level: 2
nd

Time to Complete this Lesson: 50 minutes
Groupings: whole class discussion; small group during centers.
D. Materials:
money
items for trade (purchase)
E. Objectives:
o NV State Social Studies Standards
E12.2.1 Demonstrate an understanding of trade by providing an
example.
o Student-Friendly Standards
I can trade my money for goods.
F. Vocabulary
Price- The amount of money consumers pay for goods and services.
Trade- exchanging money for items and services
G. Procedure:
1. Class reviews whole group what it means to earn, save, and spend money.
2. Teacher introduces the concept of trade to the students, modeling how it looks when
you trade your money and purchase an item or service.
3. Within the classroom, teacher has centers set up for students to practice buying and
trading their money from the previous day for goods. Example of the goods are:
erasers 25 cents, candy 75 cents, pencil $1.00.
4. Students split up into small groups and go to the center to practice trading money for
goods.
5. After about 8 minutes, students switch centers and practice purchasing and trading for
other items.
Lesson Plan for Wednesday Strand: economics submitted by: Christi Schlack

Nevada State College EDEL 453 - Spring 2014 Karen Powell- Instructor page 3
H. Assessment:
What will you use to measure student understanding?
Informal observation of students interaction with trading money and purchasing items.
Explain how you will know students understand the concepts from the lesson.
Students must show their understanding of how to trade money and purchase items at
a store. We will discuss whole group how students felt about their trade and
purchasing during their center activity.
I. Closure:
Whole class discussion on what was learned and experiences with trading money for
items. Teacher will call on random students to check for understanding.
J. Reflection:
1. Which part of the lesson do you think will be the easiest for you to teach?
The easiest for me to teach is the modeling of the trading that will be taking place
at the centers for the students.
2. Which part will be most challenging for you to teach?
The most challenging part of this lesson to teach is having students understand that
trade and purchase or almost the same thing.
3. How will you follow up or extend this lesson?
The extension will be having the students practice using the money that they have
earned and putting into a savings account.
4. What can you do for students who dont grasp the concepts?
Students who dont grasp the concept will be put into a group where the teacher
can assist them with trading and purchasing.
5. Which part of the lesson, if any, do you think might need to change?
I might need to change the part where students work with trading. Maybe
including some sort of video demonstration might help grasp the concept better.
6. When you were writing this lesson plan, what was the most difficult part?
Having students do more hands on activities rather than just reading from the book.