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Session 2. Personal Financial Literacy and Children’s Literature. Objectives:. We will explore ways to incorporate PFL into other subject areas. We will see some lesson demonstrations. How Can We Teach PFL?. Incorporate it into math Incorporate it into literacy. Monster Musical Chairs.
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Session 2 Personal Financial Literacy and Children’s Literature
Objectives: • We will explore ways to incorporate PFL into other subject areas. • We will see some lesson demonstrations.
How Can We Teach PFL? • Incorporate it into math • Incorporate it into literacy
Monster Musical Chairs • Monster Musical Chairs by Stuart J. Murphy • I need 5 volunteers • You’ve just demonstrated scarcity!!
Something Special For Me • Book: Something Special For Me by Vera B. Williams • Economics Concepts: Scarcity, Choice (Costs and Benefits), and Opportunity Cost • PFL Standards for 2nd and 4th Grade • Email della.hoffman@gmail.com for the lesson
Wrap Shop Opportunity Cost Birthday Accordion Imagine Cost Benefit Scarcity Choice
Words I Know Words I Don’t Know Wrap Shop Opportunity Cost Birthday Accordion Imagine Cost Benefit I think that the girl will have a choice. The girl has a birthday so she has to shop. Scarcity Choice
Costs The jar of money She may grow out of them She may get injured Not what she really really wanted Benefits She can exercise She likes to skate with friends She can race Choice: Skates
Pickle Patch Bathtub • Book: Pickle Patch Bathtub by Frances Kennedy • Economics Concepts: Saving, Savings Goal, Savings Plan • PFL Standards for 1st and 3rd grades • Find lesson at www.stlouisfed.org -> Education Resources -> Lesson Plans
Rock, Brock, and the Savings Shock • Book: Rock, Brock, and the Savings Shock by Sheila Bair • Economics Concepts: Saving, Interest, Compound Interest • PFL Standards for 5th grade • Email della.hoffman@gmail.com for lesson plan
Compound Interest • We’re not all as lucky as Rock and Brock • But banks give us interest • Try it with an interest rate of 10% • (Hint: multiply everything by 0.10 instead of 2)
Less Than Zero • Book: Less Than Zero by Stuart Murphy • Economics Concepts: Saving, Spending, Borrowing • PFL Standards for all! • Find lesson at www.stlouisfed.org -> Education Resources -> Lesson Plans
And so many more!! • Check out the websites: • www.stlouisfed.org • www.philadelphiafed.org • www.wisepockets.com • Children’s Literature lists • Email me: della.hoffman@gmail.com