ERIC Number: ED274570
Record Type: RIE
Publication Date: 1982
Reference Count: 0
Spending Money Wisely.
Wentworth, Donald R.; And Others
Elementary Economist, v4 n2 1982-83
The theme article of this issue, "Spending Money Wisely," by Donald R. Wentworth, begins with an explanation of basic strategies which aid wise spending. The article goes on to provide an introduction to economic reasoning related to consumer purchases and focusing on the role of incentives, scarcity, and alternatives. Four teaching units follow this conceptual introduction. The first unit, intended for pre-kindergarten use, includes activities which have preschoolers listen to a book about shopping ("On Market Street," by Arnold Lobel, 1981), sing a song, hear an economic version of the three pigs, create a nutritious snack, and survey their snack preferences using a pictograph. The K-2 unit, "Kiddie Konsumers," has students set up a mini-mall in their classroom to practice making wise purchase decisions. Additional activities have students clip refund coupons, recognize wise consumer decisions presented in teacher-read scenarios, and investigate which fast food chain has the best price on a cheeseburger, fries, and milkshake. "Sell Words," the third and fourth grade unit, contains seven activities designed to help students learn how to spend their money wisely. Students analyze advertising techniques, keep a television advertising log, conduct a swap-meet attempting to "market" their used merchandise, listen to a guest speaker, and play a consumer version of "lets pretend." The unit for 5th and 6th graders involves students in examining alternative purchase decisions, evaluating the quality of products as a part of consumer decision making, playing "The Chip Choice," and investigating peanut butter bargains. (JDH)
Descriptors: Activity Units, Concept Teaching, Consumer Education, Decision Making, Early Childhood Education, Economics Education, Elementary Education, Experiential Learning, Learning Activities
Joint Council on Economic Education, 2 Park Avenue, New York, NY 10016.
Publication Type: Guides - Classroom - Teacher; Collected Works - Serials
Education Level: N/A
Audience: Teachers; Practitioners
Sponsor: Joint Council on Economic Education, New York, NY.
Authoring Institution: Lesley Coll., Cambridge, MA. National Center of Economic Education for Children.
Note: For other issues of this journal, see SO 017 511-520.