Embedded Files
Activities
Activities
Activity 1: Borrowing
In this lesson, students learn about saving, savings goals, interest, and borrowing by reading Less Than Zero by Stuart J. Murphy (video to reading available). Students use a number line and a line graph to track spending and borrowing in the story. (from Federal Reserve Bank of St. Louis)
Activity 2: Loans
In this lesson, students listen to a story and answer questions about a family in Central or South America that barters to get the ingredients for chicken sancocho, a kind of stew. The students complete sentences that record the various trades carried out by the family to obtain all of the ingredients for the sancocho. They participate in a trading activity where they barter with each other to get the ingredients needed to make chicken sancocho and learn about the difficulties associated with barter. They use money in a second round of the trading activity to learn about money’s advantages over barter. (from Federal Reserve Bank of St. Louis)
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