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Show Me the Money!

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Show Me the Money!

Grade Levels

10th Grade, 11th Grade, 12th Grade, 9th Grade

Course, Subject

Economics
Related Academic Standards
CC.1.2.9-10.C CC.1.2.9-10.C
Apply appropriate strategies to analyze, interpret, and evaluate how an author unfolds an analysis or series of ideas or events, including the order in which the points are made, how they are introduced and developed, and the connections that are drawn between them.
CC.1.2.9-10.E CC.1.2.9-10.E
Analyze in detail how an author’s ideas or claims are developed and refined by particular sentences, paragraphs, or larger portions of a text.
CC.1.2.11-12.D CC.1.2.11-12.D
Evaluate how an author’s point of view or purpose shapes the content and style of a text.
CC.1.2.11-12.E CC.1.2.11-12.E
Analyze and evaluate the effectiveness of the structure an author uses in his or her exposition or argument, including whether the structure makes points clear, convincing, and engaging.
CC.1.2.11-12.F CC.1.2.11-12.F
Evaluate how words and phrases shape meaning and tone in texts.
Expand
  • Big Ideas
    Comprehension requires and enhances critical thinking and is constructed through the intentional interaction between reader and text
    Information to gain or expand knowledge can be acquired through a variety of sources.
    Individuals and entities endeavor to obtain goods and services and to accumulate wealth.
    Limited resources and unlimited wants require choices by individuals, groups, and nations.
    The interaction of buyers and sellers determines prices and quantities exchanged, except when influenced by governmental policies.
  • Concepts
    Essential content of text, including literary elements and devices, inform meaning
    Essential content, literary elements and devices inform meaning
    Informational sources have unique purposes.
    Textual structure, features and organization inform meaning
    Validity of information must be established.
    Choice or effective decisions are required to benefit individuals and societies as consumers, producers, savers, investors, and citizens.
    Economic decision making requires comparing the additional costs of alternatives including benefits and liabilities. Choice or effective decisions are required to benefit individuals and societies as consumers, producers, savers, investors, and citizens.
    Governments may implement progressive, proportional, or regressive tax systems.
    Profit is an important incentive that leads entrepreneurs to accept the risks of failure.
    Scarcity, a fundamental law of economics, exists when individuals, entities, and nation-states have wants that are greater than the limited supply.
    Scarcity, a fundamental law of economics, exists when individuals, entities, and nation-states have wants that are greater than the limited supply. Most wants (goods) are limited and as a result are rationed through price or other means.
    The Federal government budgetary policy and the Federal Reserve System's monetary policy influence the overall levels of employment, output, and prices.
    The Federal government budgetary policy and the Federal Reserve System's monetary policy influence the overall levels of employment, output, and prices.
    The opportunity cost of decisions by individuals, businesses, communities, and nations is the most highly valued alternative forfeited when a choice is made.
  • Competencies
    Analyze and evaluate information from sources for relevance to the research question, topic or thesis.
    Critically evaluate primary and secondary sources for validity, perspective, bias, and relationship to topic.
    Evaluate information from a variety of reference sources for its relevance to the research question, topic or thesis.
    Evaluate the effects of inclusion and exclusion of information in persuasive text
    Evaluate the presentation of essential and nonessential information in texts, identifying the author’s implicit or explicit bias and assumptions
    Evaluate the relevance and reliability of information, citing supportive evidence and acknowledging counter points of view in texts
    Evaluate the use of graphics in text as they clarify and enhance meaning
    Identify and evaluate essential content between and among various text types
    Summarize, draw conclusions, and make generalizations from a variety of mediums
    Synthesize information gathered from a variety of sources.
    Use and cite evidence from texts to make assertions, inferences, generalizations, and to draw conclusions
    Analyze actions taken as a result of scarcity issues in local, regional, and international economies.
    Analyze how scarcity impacts consumers.
    Analyze the impact of fiscal policies and decisions to change spending and tax levels by the Federal government.
    Ascertain what is gained and what is given up when a choice is made.
    Compare the risks, returns, and other characteristics of entrepreneurship.
    Identify and analyze forces that can change price.
    Reveal the opportunity cost of decisions by an individual and the state.

Description

Students will investigate unforseen costs of car loans and/or house loans. They will then evaluate the economics of decision making, the ramifications of their choices, and options available to them. Students will compute costs and savings for a car and/or house loan with or without added insurance costs.

Web-based Resource

Access this resource at:

Show Me the Money!

Content Provider

EconEdLink

 

WHAT IS IT?

EconEdLink provides a premier source of classroom-tested, Internet-based economic and personal finance lesson materials for K-12 teachers and their students. With over 457 lessons to choose from, teachers can use as many of the lessons as they would like and as often as they would like.

WHO IS IT FOR?

The Internet-based lessons are targeted for K-12 teachers and their students. Each of the lessons includes a teacher's version as well as a student's version. Each of the lessons are designed to be delivered in a variety of formats and classroom settings.

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