[ Home ] [ Overview ] [ Narratives ] [ Exhibits ] [ Reflection ]

Written by Joanne Gilbert

Economics-5th grade
Date: 11/15/04 & 11/16/04
Lesson 5: Making Choices

Objective:
TSWBAT make a decision using a model and explain and identify opportunity costs.

Michigan Benchmark:
SS.IV.1.1: Explain why people must face scarcity when making economic decisions.
SS.IV.1.2: Identify the opportunity costs in personal decision making situations.
SS.IV.1.3: Use a decision making model to explain a personal choice.
Tech.3.LE.4: Use technologies to organize thoughts in a logical process.

NETS:
Prior to completion of Grade 5 students will:
1. Use keyboards and other common input and output devices (including adaptive devices when necessary) efficiently and effectively. (1)
2. Use general purpose productivity tools and peripherals to support personal productivity, remediate skill deficits, and facilitate learning throughout the curriculum. (3)

Materials:
All classes: Making a Choice paper, pencils, story involving a choice
My class: computers with KidSpiration, making a choice template

Anticipatory Set:
Define the words supply, demand, goods, and services. Who made a choice today? How did you make the choice?

Modeling Activity:
I will read the selection aloud, and ask the students "What was the choice?" "What could the person have chosen?" "How did they choose?" "What did they consider?" "What did they give up?" Then I will introduce the decision making model, and we will fit the parts from the selection into it.

Guided Practice:
We will work through the process of making a choice together given a problem that the class decides upon, such as what to eat or what to do with an hour of time.

Independent Practice:
All classes: Students will work independently to decide what they would do with $25 and explain their choice and opportunity cost, by filling out the decision sheet.
My class: Students will work in KidSpiration and fill out the chart for what pet they would buy.

Closure:
Students will share what they decided to do with their $25 and how they decided.

Assessment:
I will collect their work and see if they were following along in class and if they came to a decision of what to do with $25 and explained it using the model.