math lesson Essay -- essays research papers

Lesson Plan TitleAlexander, Who Used to Be Rich furthermost Sunday Understanding luck be Grade Level2, 3, or 6thDuration three 50-minute class periods Student GoalTo insure that there is an opportunity cost to every economic decision and that these be come as a result of limited resources. Student ObjectivesStudents leave Identify "opportunity costs" in the story and in their consume lives. Create an opportunity costs taproom graph as a whole class. Complete a table of personal spending and nest egg information. Write an original story about how they spent and saved their valuation account and what they gave up or their "opportunity costs" in order to deform their goals.Materials a copy of Alexander, Who Used to Be Rich Last Sunday, by Judith Viorst map paper markers overhead projector transp atomic number 18ncy bookman handout How I pass & Saved My Allowance (included). This was provided by the t distributivelyer in which I was doing my participant observations with. Set Up and Prepare 1. Use the have got Alexander, Who Used to Be Rich Last Sunday, by Judith Viorst.2. Write the commentary of the term "opportunity cost" on a sheet of chart paper and display for the classOpportunity Cost what you give up when you decide to do or profane something3. Draw a bar graph on a transparency. Write the title "Opportunity Costs for a College Education" across the top. Label the horizontal axis "Opportunity Costs." Label the vertical axis "Number of Students."4. Print out copies of the student handout "How I Spent & Saved My Money" for each student to take home.Directions PART I Step 1 parcel of land with students a story about a time when you did not buy something you really wanted so that you could use or save the money for something more important. For example, maybe you didnt go on a vacation so you could save the money for a car you need to buy. Explain that what you gave up is called an "opportunity cost." Direct students attention to the definition of "opportunity cost" displayed on the chart paper.Step 2 Ask students to share stories from their own lives in which they gave up something to get something else, or to save for something else that they want more. Have them severalize their opportunity costs. Ask studen... ... How much does Alexander have by and by(prenominal) he buys the gum? ($0.85) after he loses a bet to his mother? ($0.70) after he rents Eddies snake? ($0.58) after his father fines him for saying naughty haggle ($0.48) after flushing pennies down the toilet and dropping a nickel by means of a crack? ($0.40) after paying for Anthonys chocolate bar? ($0.29) after pennies disappear in Nicks trick ($0.25) after paying his father for boot his brother? ($0.20) after buying things at a garage barter ($0.00).Set Up Shop/ Learning CenterStudents set up a shop and role play the parts of customer and shopkeeper, qualification economi c decisions along the way. Have them draw pictures or use manipulatives for the items they are selling in the store. Allow them to determine prices and tag each item. accordingly give all students the opportunity to be a customer and the shopkeeper. will customers with a limited amount of play money to spend in the store. They will need to budget their money so that they can buckle under all they need to buy. Using play money too, the shopkeepers sharpen their math skills as they make change for the customers. AssignmentsStudent Handout How I Spent & Saved My Money