Economics

Kelsey Criswell Economics Lesson Plan Outline University of Richmond Economics Lesson Plan Outline  Introduction Lesson Topic: Economics • Length of Lesson: (estimated) 45 minutes • VA Standards of Learning 2.8: The student will distinguish between the use of  •  barter and money in the exchange for goods and services. Cognitive Objectives The student will: Recognize that items can be bought and sold. • Differentiate between bartering and spending money. •  Materials/Technology and Advanced Preparation Ox-Cart Man by Donald Hall • “Things He Sold” Chart and “Things He Boug ht” Chart • Graphic Organizer Worksheet • Category Worksheet • Flashcards with images of things bought and sold from book  • Magnets • Pencils • Chalkboard • Teaching and Learning Sequence  Introduction/Anticipatory Set  Present the book, Ox-Cart Man and explain to the students that they will see a • farmer and his family that works all year doing different things and then sells them to make money for the things that they need. Introduce the words resources, goods and barter. Explaining that resources • mean “something we use to meet our needs,” that goods are “another name for  those items that the family uses those resources for, either as they are or to make something else,” and that barter is “another name for trading goods or  resources for either money or other goods. Give an example comparing a resource and a good: such as a resource being a tree and the good being wood to make a house. Ask the students to listen carefully for ways that the Ox-Cart man’s family uses their resources in the story and how he does not barter. Tell the students that in the story the man was given money for his goods and an d then uses that money to buy things that his family needs. Read the story, Ox-Cart Man by Donald Hall •  Lesson Development  Present the charts, “Things He Sold” and “Things He Bought” by putting the • headings in the middle of the chalkboard with a magnet. Give each student the

Graphic Organizer worksheet. Show the cards with pictures of the different goods from the story and place them on the board next to the chart. Explain that they will need to decide in which category each item belongs. Discuss the differences in these items and how the Ox Cart Man and his h is • family used their resources to provide for their family as well as sell goods to make money, but also why it was important to buy items that they were not able to produce on the farm. Talk about how the Ox Cart Man did not barter  or trade his items, but sold them for money. Reflect on the participation of each family member throughout the different • seasons of the year and how they worked together in order to meet their needs. Split the students into groups to complete the graphic organizers. • Closure Complete the class graphic organizer on the chalkboard by calling on students • to select a picture and to place it in the appropriate category.  Homework  The students will reflect on the book Ox-Cart Man by writing a journal entry on resources and goods they use. The student will give an example of using resources or money to buy a good that takes place in their life by completing the following sentence, “I went to the ________ and I bought __________.”  Assessment  Formative – Teacher will observe the students while they are working in their  small groups to sort items into the different categories.

Summative – Ask each student to come up and place a picture under the right category on the classroom chart. The teacher will also collect the graphic organizer that the students completed in small groups.  References Hall, D. (1979). Ox-cart man. man. New York, NY: Scholastic.

Ox-Cart Man Discussion Guide | Scholastic.com. (n.d.). Teaching Resources, Children's Book Recommendations, and Student Activities | Scholastic.com. Scholastic.com. Retrieved January 27, 2011, from http://www2.scholastic.com/browse/collateral.jsp? id=454_type=Book_typeId=256

 Appending Materials Ox Cart Man by Donald Hall • Graphic Organizer Worksheet • Graphic Organizer Worksheet (CHALLENGE) • Chart Titles • Image Flashcards •