TeachersFirst's Understanding Economics and Money: TeachersFirst Editors' Choices
Other TeachersFirst Special Topics Collections
Understanding how world economic systems work can mystify even the experts, but all of us need to understand the basics of how an economy functions, especially as current events challenge us to adjust to tough times. Today's students and teachers must try to translate the language of financial gurus and the news media in a meaningful and personal context.
This collection of resources has been hand-picked by the editors of TeachersFirst from among our many reviewed resources on economics and money. These selections were chosen to help students (and families) grasp basic economic principles, personal financial planning, and banking at an age-appropriate level.
To complement these resources on the "facts" about economics, TeachersFirst's partner site, TeachersAndFamilies, offers this article and activities to help children and teens handle the feelings and stresses of tough economic times and to mitigate the toll these times can take on families. By understanding the feelings of children and teens and by helping them build age-appropriate knowledge, teachers and families can ease the strain of the tough times we all face together.
We hope you will share these resources with your colleagues and school parents by emailing this page or sharing the link.
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Tax Basics for Middle Schoolers: intuit - Scholastic
Grades
5 to 9tag(s): financial literacy (19), money (124)
In the Classroom
Use the lesson plans to teach the financial literary concepts then allow students to explore the online activities on their own at a center or in the computer lab. After completing the worksheets provided with the lessons, have students create their own worksheets for other classmates to complete. Challenge students to create their own financial literacy newsletter for students in their school including money-saving suggestions, job ideas for students, and tips for creating a budget. Have students create posters sharing their newsletter using a site such as Wallwisher, (reviewed here).You must be registered and logged in to add items to your favorites.
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Budget Puzzle: You Fix the Budget - New York Times
Grades
8 to 12This site includes advertising.
tag(s): branches of government (18), charts and graphs (113), critical thinking (50), financial literacy (19), foreign policy (8), logic (147)
In the Classroom
Ask students to complete the PDF version offered on the site. After completion, allow students to share their thoughts via classroom discussion and journals. Explore the Room for the Debate section on the site to find out what others have discussed. Then ask students to do the exercise again to discover how thoughts have changed after discussion with other classmates. Share the best ideas (via URL) on your class website.Add your comments below (available only to members) | Become a Member
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BizKids - American Public Television
Grades
5 to 12Students can sign up to receive a newsletter with money tips just for them. Also included is a blog with links to other financial sites for kids. Most resources for students are located under "Cool Biz Stuff," then go to "Tools for Kids." Some of the tools include a financial calculator to determine what it takes to become a millionaire, sample business plans, allowance budgeting, and investment basics. Under "The Show" link, short video segments are available for review. Shows are geared toward increasing student interest through the use of familiar cultural icons such as "The Intern" and a parody of the T.V. show "24."
This site includes advertising.
tag(s): business (38), college (37), financial literacy (19), literacy (99), money (124)
In the Classroom
Watch the video on "How to Hold a Fundraiser" when planning a class economics project or before a school fundraiser event to get ideas on how to boost fundraising income. Watch a few of the short videos for creative ideas before creating classroom presentations of information studied in class. Divide up the online shows between students in your class and have students view and report back on the information presented in the videos. To show what they have learned from this site, challenge students to create an online graphic to share using Tabblo reviewed here. Ask students to create an economic plan using the allowance budget worksheet. Business teachers, family and consumer science classes, and young entrepreneurs will appreciate the many offerings on this site. College counselors will also want to share the college planning information.Add your comments below (available only to members) | Become a Member
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U.S. National Debt Clock: Real Time - USDebtClock.org
Grades
8 to 12tag(s): charts and graphs (113), data (83), financial literacy (19), statistics (76)
In the Classroom
Display this site on your interactive whiteboard or projector for students to view the ever-changing amount of U.S. debt and other statistics. Create a graph by recording daily debt amounts over a period of time for students to observe and discuss. Research and find debt statistics for previous years for students to compare.Add your comments below (available only to members) | Become a Member
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Financial Education in the Math Classroom - The Math Forum @ Drexel University
Grades
4 to 12tag(s): calculators (21), coins (9), currency (13), financial literacy (19), investing (7), stock market (10)
In the Classroom
Use tools available on the site on your interactive whiteboard or projector to explore how different factors influence finances. Have students predict outcomes before inputting information into the tools on the site. Use the tools when creating a mini-economy in the classroom.Add your comments below (available only to members) | Become a Member
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I Rule Money - DoughMain
Grades
8 to 12This site includes advertising.
tag(s): financial aid (8), financial literacy (19), money (124)
In the Classroom
Use these short videos on your interactive whiteboard or projector to introduce financial literacy topics in the classroom. Share videos with students as models then have them create their own 30 second video response to other financial topics discussed in class. Share the videos using a tool such as SchoolTube reviewed here.Add your comments below (available only to members) | Become a Member
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Your Life, Your Money - PBS
Grades
9 to 12tag(s): money (124)
In the Classroom
The nature of this site makes it especially conducive to a "learn at your own pace" approach to managing money. Students can access areas of interest, dig as deeply as they are interested into the associated activities, and tailor their own experience. Alternatively, the video segments might be shown on an interactive whiteboard or projector, and students could work in groups on the activities. Finally, you might choose to isolate particular activities and use them in conjunction with your regular curriculum and lessons, and skip the video segments completely. Create a class wiki to discuss budgeting, debt, savings, and more. Not comfortable with wikis? Have no wiki worries - check out the TeachersFirst's Wiki Walk-Through.Add your comments below (available only to members) | Become a Member
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Budget Simulator - Committee for a Responsible Federal Budget
Grades
8 to 12tag(s): politics (51)
In the Classroom
This would make a wonderful class team competition. Consider dividing the class into groups, or even pitting different sections of the same course against each other. Encourage the students not to breeze through the choices too quickly. The site might be useful for mature younger students if they have the attention span required to make careful and reasoned choices. Another option is to complete this activity as a class on an interactive whiteboard or projector.Add your comments below (available only to members) | Become a Member
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Give Me 20 - PSCU
Grades
7 to 12In the Classroom
It's likely students will want to go first to the "allowance" section to determine if their parents are giving them enough money, but after that, there are good simulation activities on saving, credit, and budgeting which could be completed by students individually at home, or in groups in a computer cluster. Ask students to compare their assumptions about what spending is a high priority for them with other students' opinions. What items are they expected to pay for themselves? How does that compare with other students? Do they need to work to earn their allowance? Are there restrictions on how they can use it? All of these questions would spark lively and fruitful discussions about economics on the individual and family level.Add your comments below (available only to members) | Become a Member
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Online Personal Finance and Economics Game - Council for Economic Education
Grades
5 to 12tag(s): financial literacy (19), money (124)
In the Classroom
Divide students into cooperative learning groups to explore the site. Have students work together to form their mission groups and create a friendly competition within your class. Another option is to work on this as a whole class and compete against another classroom. Use the training videos on an interactive whiteboard or projector to prepare students for the missions. Have students blog or journal their experiences as they complete each mission. Lesson plans and materials are available at an additional cost. Teachers can sign up for their class.Add your comments below (available only to members) | Become a Member
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Financial Football - Ulsa, Inc.
Grades
8 to 12tag(s): financial literacy (19), money (124)
In the Classroom
Plan your financial unit to coincide with the SuperBowl or the opening of NFL football, then use these ready-made activities to train better consumers and money managers. As they do the activities and learn, challenge your sports-minded groups to write up an illustrated financial game plan on Glogster EDU, reviewed here. Imagine all the X's and O's! The less grid-oriented might to opt for creating an illustrated financial planbook using Bookemon, reviewed here.Add your comments below (available only to members) | Become a Member
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Reuters: Times of Crisis - Reuters
Grades
9 to 12In the Classroom
Explore the timeline on your interactive whiteboard or projector as a class or ask students or groups to explore it on their own, looking for key points and terms that help them better understand this complex crisis. Ask student "guides" to trace and elaborate on trends they find or to highlight key moments as they explain orally to the class. Have students respond to a single image using an online tool to narrate an image such as Voicethread reviewed here or in a blog post. Find an event to which they can connect from their own personal or family perspective. Compare these vignettes with others from the Great Depression photos of great photographers. Keep the link to this interactive timeline on your class web page or wiki as a reference or as a venue for sharing students responses.Add your comments below (available only to members) | Become a Member
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Frontline: Breaking the Bank - PBS
Grades
9 to 12In the Classroom
Although this site deals with the 2008-2009 banking crisis at a level that is probably more in-depth than most teachers have the opportunity to deal with, it would be useful for an economics class or a recent American history class. You might consider some portions of it during a discussion of the Great Depression in the 1930s, to help students connect that economic time with the present. Finally, this might be a good resource site for students who are interested or who are working on more comprehensive projects. Why not have students create a multimedia presentation of their own demonstrating their understanding of the connection between the bank failures and the economic downturn. Have students create (and respond) on class wikis. Not comfortable with wikis? Have no wiki worries - check out the TeachersFirst's Wiki Walk-Through.Add your comments below (available only to members) | Become a Member
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Video: Investing Money in Plain English - Common Craft
Grades
4 to 12tag(s): investing (7), stock market (10)
In the Classroom
Share this video with your students on an interactive whiteboard or projector. Have cooperative learning groups research other aspects of economics or business and create their own videos. Share the videos on Teachertube (explained here).Add your comments below (available only to members) | Become a Member
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Video: Borrowing Money in Plain English - Common Craft
Grades
5 to 12In the Classroom
Share this video with your students on an interactive whiteboard or projector or embed it in your class web page or wiki during your unit on credit or percent. Have cooperative learning groups research other aspects of savings, borrowing, or economics and create their own videos. Share the videos on Teachertube (explained here).Add your comments below (available only to members) | Become a Member
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Video: Saving Money in Plain English - Common Craft
Grades
4 to 12tag(s): money (124)
In the Classroom
Share this video with your students on an interactive whiteboard or projector. Have cooperative learning groups research other aspects of economics and create their own videos. Include this video as you teach about interest in math class, then have students create a video advertisement for a savings program. Share the videos on Teachertube (explained here).Add your comments below (available only to members) | Become a Member
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Troubled Times: How to Help Children and Teens During Tough Economic Times - TeachersAndFamilies/ NASP
Grades
K to 12tag(s): recession (4)
In the Classroom
Share the link to this article on your teacher web page, and send the printable home with your students so families are empowered to DO something to reassure children and teens. The site grants permission for a classroom set of copies to be made for students to take home. Be sure to tell your colleagues and principal about this valuable resource.Add your comments below (available only to members) | Become a Member
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Stock Market - Finance - Vocabulary University
Grades
5 to 12tag(s): money (124), stock market (10)
In the Classroom
Have students work in cooperative learning groups, divide up the vocabulary words, and have each group find the definitions for their assigned vocabulary words. Have the groups share their words and definitions in an online book, using a tool such as Bookemon (reviewed here). Have the groups share the online books on your interactive whiteboard or projector. If you don't have the time to complete online books, have students share the definitions using a class wiki. Be sure to also check out the interactive word puzzles!Add your comments below (available only to members) | Become a Member
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Tips for Life - American Century Investments
Grades
6 to 12Be warned: to register you must give full demographic information to gain free access. If your school prohibits this, you may want to create some generic student accounts, or register at home. Even if you only register as a teacher and do not keep track of student progress, you can still gain many valuable teaching ideas from the modules. This site requires Flash and Adobe Acrobat. You can get both from the TeachersFirst Toolbox page.
tag(s): money (124)
In the Classroom
Take advantage of the many free resource ideas at this site. Share sample activities on your interactive whiteboard or projector. Have students work in groups to complete one of the many "real life" projects provided in the learning modules. Bring some technology into the lessons, by having the groups complete a multi-media project about their "real life" assignment: video, blog, wiki, or even a PowerPoint presentation.Add your comments below (available only to members) | Become a Member
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Tips For Kids - American Century Investments
Grades
4 to 12In the Classroom
The activities at this site are ready to go, printable, and easy to follow. Although this site isn't highly interactive, the lessons are very practical and timely. Tie together your social studies, current events, and math classes with a unit found at this site.Add your comments below (available only to members) | Become a Member
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