Learning Targets:
Targets for knowledge, skills, and behaviours below are possible targets. It is not expected that all will be covered by a single Teaching Unit. Teachers can select their learning targets using the Teaching Units provided (to the right), adaptations of these Teaching Units, or Units/Lesson Plans they develop on their own.
KNOW:
- Reasons why we have money – spending, saving, pricing
- People have different amounts of money to use
- How bartering becomes difficult as the number of people and products and services increases
- How money makes exchange in the economy easier
- What is used as money to pay for things
- What we can do with money
- Resources and money are limited and this affects our ability to get things we may want
- Every money decision we make involves a trade-off
BE ABLE TO:
- Recognize money and the value of different denominations
- Have a sense of the value of money and how goods and services differ in value and cost
- Use money to spend and save
- Calculate correct change
ACTION/BEHAVIOUR:
- Think about options and the trade-offs when they make a money decision – what they are giving up
- Consider the impact their money decisions may have on others, the environment, etc.
- Make decisions knowing it is difficult for most people to have everything they want
