1 / 43

Are You Smarter Than a Fifth Grader? Teaching the Elementary Economics

Economically. Are You Smarter Than a Fifth Grader? Teaching the Elementary Economics Georgia Performance Standards. ^. Georgia Council On Economic Education w w w . g c e e . o r g. Our essential question…. What is economics ?. Economics is…. Our enduring understanding….

shaw
Download Presentation

Are You Smarter Than a Fifth Grader? Teaching the Elementary Economics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Economically Are You Smarter Than a Fifth Grader? Teaching the Elementary Economics Georgia Performance Standards ^ Georgia Council On Economic Education w w w . g c e e . o r g

  2. Our essential question… What is economics?

  3. Economics is… Our enduring understanding… making decisions about allocating limited resources to get the unlimited number of things we want.

  4. How to Really Be a Millionaire

  5. The Millionaire Game • Most millionaires are college graduates.TRUE • A majority of millionaires work fewer that 40 hours a week. FALSE • More than half of all millionaires never received money from a trust fund or estate. TRUE • More millionaires drive Fords than Cadillacs. TRUE

  6. The Millionaire Game • Most millionaires work in glamorous jobs such as sports, entertainment, or high tech. FALSE • Many poor people become millionaires by winning the lottery. FALSE • College graduates earn about 65% more than high school graduates. TRUE

  7. The Millionaire Game • If you want to be a millionaire, avoid the risk of the stock market.FALSE • At age 18, you decide not to smoke and save $1.50 a day. You invest this $1.50 a day at 8% interest until you are age 67. At age 67, your savings are worth almost $300,000. TRUE • Single people are more often millionaires than married people. FALSE

  8. Why a workshop on economics? Remember, this is a United States History course!!

  9. The New GPSGrades K-5 • approved October 2004 • two major changes • focus on the United States all six years • builds across the grades like a ladder

  10. KindergartenSymbols of America • Where We Live • Observing Labor Day • Observing Columbus Day • Observing Veterans Day • Observing Thanksgiving Day • Observing Martin Luther Day, Jr. Day • Observing Presidents Day • Celebrating Our Nation • Personal Finance

  11. Grade OneAmerican Heroes • Our Earth, Our Home • Benjamin Franklin • Thomas Jefferson • Lewis & Clark; Sacagawea • Harriet Tubman • Theodore Roosevelt • George Washington Carver • American Folktales • Personal Finance

  12. Before There Was a Georgia Georgia’s Beginnings James Oglethorpe Tomochichi Mary Musgrove Native Georgians Creeks Cherokee Sequoyah Civil Rights Martin Luther King, Jr. Jackie Robinson Human Rights Jimmy Carter Personal Finance Grade TwoGeorgia, My State

  13. Roots of Our Democracy Our Economy Paul Revere Frederick Douglass Susan B. Anthony Mary McLeod Bethune Franklin Roosevelt Eleanor Roosevelt Thurgood Marshall Lyndon B. Johnson Cesar Chavez Grade ThreeOur Democratic Heritage

  14. Grade FourU. S. History: Beginnings to 1860 • Native American Cultures • European Exploration in North America • Colonial America • The American Revolution • The New Nation • Westward Expansion • Personal Finance

  15. Grade Five U. S. History Since 1860 • The Civil War • Reconstruction • Turn of the Century America • World War I • The Great Depression • World War II • The Cold War • America Since 1975 • Personal Finance

  16. The New GPSGrades K-5 • rollout training completed • implementation began Fall 2008 • new CRCT Spring 2009

  17. The New CRCT • history • geography • civics/government • economics • (including personal finance) • core skills • map and globe • information processing

  18. Content Weight for the GPS CRCT

  19. Why economics in United States History? • U.S. schools rely on history to teach about our national identity and knowledge of our past. • Are we succeeding?

  20. Why economics in United States History? • Think about the context of history… • History is the record of political and economicdecisions that people have made across time.

  21. How do we prepare? Focus on economic decision making across the eras of United States history.

  22. United States Economic History Teaching the Economics Georgia Performance Standards at Grades 4 and 5 Georgia Council On Economic Education w w w . g c e e . o r g

  23. Components of US Economic History • Essay for the teacher on the economic history of our nation • Series of seven lesson plans, one for each era of the new GPS framework • Glossary of GPS economic terms • Sample CRCT test questions for each unit

  24. Introducing the US Economic History Lessons • embedded in eras of history • lesson essential question • introduction/abstract • GPS correlation • economic concepts • lesson knowledge and skills objectives • list of materials needed • time required • procedure • assessment

  25. Personal Finance • comprehensive program targeted at grades K-2, 3-5 • separate workshop • offered through the Stock Market Game

  26. What is economics?

  27. What do adults frequently identify as the most basic concept in economics?

  28. Economics is More Than Supply and Demand.

  29. What do students frequently identify as the most basic concept in economics?

  30. Economics is More Than Money.

  31. What is the most basic, fundamental concept in economics? Scarcity

  32. Factors of ProductionProductive Resources • Natural Resources/Land • Human Resources/Labor • Capital Goods/Tools • Entrepreneurship • innovative ideas • risk taker

  33. Who Would Have Predicted in 1980… • the collapse of the • Soviet Union

  34. Who Would Have Predicted in 1980… • Nelson Mandela • as president of • South Africa

  35. Who Would Have Predicted in 1980… • economic stagnation in Japan

  36. Who Would Have Predicted in 1980… • Record US economic • expansion in the 1990s • Recent economic debacle

  37. Who Would Have Predicted that in 2007?Gas prices would be $4.00 per gallon in 2008?

  38. The Guide to Economic ThinkingPulling the Pieces Together • People choose. • People’s choices involve costs. • People respond to incentives in predictable ways. • People create economic systems that influence individual choices and incentives. • People gain when they trade voluntarily. • People’s choices have consequences that lie in the future.

  39. The Classroom Solution... teaching essential economic concepts in the context of United States history.

  40. Economics… Do You Teach this “stuff”?

  41. HOWwe teach is as important to student learningas focusing on WHATwe teach.

  42. What makes a difference? • Factual Information - 35% Retention • lecture • textbook • flashcards • Conceptual Schemes - 50% Retention • webbing • graphic organizers • Motor Activities - 70% Retention • draw and label graphs • role play, simulations • build models • Thinking Skills - 80% Retention • data and document analysis • problem solving • Attitudinal Development - 100% Retention • discussion of controversial topics • debates

More Related