Ms. Borsa



Math Lesson PlanIf I had a Million Dollars…I designed an independent project using math fundamentals to help encourage financial responsibility and organization, similar to keeping a balanced checkbook. The students also researched “riches” that go beyond material things and big bank accounts. Teacher/ GradeAnne Borsa/ 3rd and 4th gradeDateMarch 25th, 2013TitleMoney UnitIf I had a Million Dollars…Length2 Weeks – 3 classes per weekGoalsAt the end of this lesson students will:Have an understanding of the value of money.Be able to work as a group. Gain an appreciation for how much things cost.Be able to add and subtract money, with accuracy, using numbers up to 100,000.Be able to log and organize items to track their spending.Have an understanding of the meaning of being “rich”.MaterialsFor each group of students:Newspaper advertisements (many), Catalogs, Copy of project rules (see attached) , 1-3 copies of spending log (see attached) , File folder for each group, Scissors , Tape, Paper Clips, Extra Paper, Access to the internet, Microsoft Excel and a PrinterAssessmentThe students will be evaluated by the ability to correctly account for and spend one million dollars according to the project rules and rubric, see attached : If I had a Million Dollars…RubricVocabularyRichIntroductionOpen a discussion about winning a one million dollar lottery and pose the following questions:What would you buy with the money? Do you have an idea of the prices of those things?Would you be rich?ProcedureChallenge small groups to spend a fictional one million dollars according to the list of rules attached. Review the rules with the students. Instruct students to make sure that they total the list correctly and include an ad for each item “purchased”. Ads should be numbered to correspond with the item number on their spending log. Items need to be logged in Excel. The written spending log for each group is just to help keep the students organized; it will not be turned in. The spending log recorded in Excel will be turned in. Allow students to review ads and cut out items that they wish to “purchase”.Each student should organize their ads in a file folder with their name on it.Once students have completed “spending” their money, have them share their purchases and explain a rationale for purchasing items.ClosingOpen a discussion and pose the following questions:How hard was it to spend the one million dollars?Were you able to meet all of your needs and wants?How long do you think one million dollars would last you?Did the money buy more or less items than you expected?ExtensionOpen a discussion and pose the following questions:If you won a 1 million dollar lottery, would you consider yourself rich?What are ways you can be rich without money or goods?Are you rich?Have the students research article in which people are featured that are “rich” in terms other than monetary, such as, through relationships, experiences, etc. and showcase the article to the class. ReflectionThis lesson was harder than expected. I know my goals were achieved because the students were able to relate things they own and how much their parents spend to get the things they want and need. The students also started to talk about wants and needs and use this to determine purchases. The class had neat organized logs and tracked their spending proficiently. The extension activity was awesome, the kids really seemed to grasp the idea of how money and things do not necessary mean a person is rich, and they could describe ways in which they were rich. Next time I will have the students work in pairs. It was hard to keep everyone busy in groups of 4.PA Common Core Standards3rd GradeCC.2.1.3.B.1 ; CC.2.4.3.A.3; CC.2.4.3.A.4 4th Grade CC.2.1.4.B.1?Resources Project Rules Adapted from: I had a Million Dollars…Project RulesDirections:Collect ads from catalogs, newspapers, flyers or printed online advertisements.Number each item shown in then add to your log (both on paper and in excel) and place it in your folder. List each description with its item number and its price. You may need more than one sheet to record all of your items. Total each sheet individually and then add the totals together for your grand total spent.If I had a Million Dollars… Project Rules:There must be an ad with a number for each item recorded on the spending log. Handwritten ads do not count. Also, written estimates from the business are required for any over-the-phone purchases such as boats, education, or services. Round prices to the nearest whole dollar. All items are considered tax-free, so there will be no sales tax added to the items purchased. You can only buy one of the same types of item. You therefore cannot buy two houses, two family cars, or two boats. (Sets or packaged sets are acceptable.) You are not allowed to spend over $200,000 on any one item. This includes houses, boats, and land.The finished project must be presented in folder form.HAVE FUN!RubricIf I had a Million Dollars…RequirementsPoints EarnedTotal Points AvailableCommentsThe group followed the spending rules:5The group had an organized log to track their spending:10The work was evenly divided throughout the group:5The group found an article to showcase “riches” that were not monetary:15Total:35Spending LogItem NumberDescriptionPriceBalance ................
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