trade game please move to the next slide

Trade Game

please move to the next slide

Teacher View Student View

What to Expect

1. Audience 2. Learning Environment

3. Objectives

AudienceThis activity can be completed by elementary students, preferably 4th-6th grades. Younger kids may be able to participate with the activity, however, the language and material may be too advanced for their comprehension.

Learning EnvironmentThis activity should be given to students through a computer in a computer lab or in a classroom. The students should complete this activity individually

Objectives Given a term that relates to saving

money, students should be able to define, apply and complete a quiz with 100% accuracy

Given the term “scarcity” students should be able to recognize and define that term with 100% accuracy

Hey, I’m Bill! We’re going to be learning about trade!

I’ll be your guide and

I am so excited!

Let’s Get Started!

Home PageLearning about Trade

1. How to Save Money2. How to Spend Money

3. Scarcity4. Play a Game5. Take a Quiz

How to Save MoneyHow do YOU save money?

Where do you keep your money? Bank

Piggy Bank

BanksWhen you put your money in a bank, the bank holds and keeps track of gains and losses of your money.

When you put your money in the bank, you can withdraw (get your money back) or deposit (put more money in) with ease.

Piggy BankBy keeping a piggy bank (a place where you keep your money at home), you can always access your money.

Also, by keeping your money with you, you are able to count how much money you have or how much you are saving.

How to Spend MoneyWhat do YOU spend money on?Where do you spend money?

Scarcity Taxes

ScarcityScarcity comes from the word “scarce” which means a “lack of.”

Goods and services are “scarce” because people have unlimited wants and needs.

Scarcity refers to the lack of goods and services because people have too many wants and needs.

TaxesA Tax: is a fee that is charged by the government.

This tax is put directly on a person’s income (or money that you made).

The government uses taxes to construct buildings, pave roads and help the community.

Wants v. NeedsWhat are the differences between wants and needs? Please look through the different wants and different needs on the next few slides

Wants

Needs

The Trade Game“Chutes and Ladders”

You want to enter a bike race with your friends, but you need to buy a really cool

bike first!

You have 1 month to

save $31 for the new bike

you want!

Your Mom promised to give you $.50 everyday this month, but that won’t be enough for the bike at the end of the month!

Throughout the month you will be earning and spending money. Please write on the power point how much you spend and earn and why.

For example:I would like you to write something like this;

I gained $3 because I found extra money in my pocketOr I received $5 because I helped grandma in the kitchen. OrI lost $4 because I bought baseball cards

Have fun and

good luck!

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 1Your mom asked you to take out the trash!

Take out the trash

No, thanks. Not today

No, thanks!Sorry, Mom! I have too much homework

today! Maybe I’ll take the trash out another day.

Please move to Space #2

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 2Complete this math problem:

$8.60 +

$3.50________________

a)$12.10b)$11.30c)$12.00

Answer: $12.10Correct! Great!

Please move to Space 3!

Answer: $11.30I’m sorry, that’s incorrect.Try this:

$8.60+

$3.50_________________(8+3) = 11 (.60+.50) = 1.10 (11+1.10)= $12.10

Answer: $12.00

I’m sorry, that’s incorrect.Try this:

$8.60+

$3.50_________________(8+3) = 11 (.60+.50) = 1.10 (11+1.10)= $12.10

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 3You visit Grandpa and he gives you $2! Please write in how much money you earned and why.

Please move to Space 10!

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Thanks!Thank you for taking out the trash! Mom

gave you 4 quarters and 4 dollar bills, how much money did she give you?

$6 $5 $7

Answer: $6Sorry, that answer is incorrect.Try this:

.25+.25+.25+.25= 1.001.00

+4.00 = $5.00

_______________

Answer: $5Great Job! $5 is the correct answer.Please move to space #5!

Answer: $7Sorry, that answer is incorrectTry This:

.25+.25+.25+.25= 1.00

1.00+4.00 = $5.00_______________

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 5You and mom are going to the grocery store. You really want to buy a candy bar for $2.00, but if you get the candy, you will have to take it out of your bank savings!

Spend $2.00 for chocolate candy

No, thanks. I don’t think I’ll spend money today.

mmmmm…Reese’s Cup!Please write how much money you spent

and why:

Since you spent money from your bike savings, you’ll have to move back to

Space 3

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

You made a great decision! You understand scarcity!Your mom is so proud of you that she gives you $5 extra dollars! Please move to Space 10!

Please write in how much money you made and why.

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 10Dad needs help in the garden! Can you

lend him a hand?

Maybe later, but not nowSure, I can help

Maybe, later!You are almost half way through the month!Good Luck!

Please move to Space #11

Sure, Dad!An extra $2, awesome!Please write how much money you earned and why:

Please move to Space #12! Great Work!

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 11Complete this math problem:

$6.75+

$4.25 _________________

a)$12.00b)$10.50c) $11.00

Answer: $12.00I’m sorry but that is incorrect,Try this:

6.75+

4.25_____________(6+4) = 10 (.75 + .25)= 1 10+1= 11

Answer: $10.50Sorry, this is incorrectTry this:

6.75+

4.25_____________(6+4) = 10 (.75 + .25)= 1 10+1= 11

Answer: $11.00Correct! Good work! Please move to Space 14!

Space 12You find an extra $2 in your coat pocket!Please write in how much money you earned and why:

Please move to Space 14!

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 14Define Scarcity:

ScarcityScarcity comes from the word “scarce” which means a “lack of.”

Goods and services are “scarce” because people have unlimited wants and needs.

Scarcity refers to the lack of goods and services because people have too many wants and needs.

Great!You will receive a total of $5 for your answer! Please move to Space 16!

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 16Give two examples of wants and needs:

Wants: Needs:

Wants v. Needs

Way To Go!You will get $4 for the examples you gave for wants and needs! Please move to Space 19!

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 19Please define Taxes:

TaxesA Tax: is a fee that is charged by the government.

This tax is put directly on a person’s income (or money that you made).

The government uses taxes to construct buildings, pave roads and help the community.

You’re Almost There!You’re doing great! And you received 3 more dollars! Please move to Space 21!

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 21What is the purpose of a Bank?

BanksWhen you put your money in a bank, the bank holds and keep track of gains and losses of your money.

When you put your money in the bank, you can withdraw (get your money back) or deposit (put more money in) with ease.

Whew!That one was difficult, but you did it! You are almost finished and you get $2! Please move to Space 23!

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 23What is the benefit of a piggy bank?

Piggy Bank

By keeping a piggy bank, you can always access your money.

Also, by keeping your money with you, you are able to count how much money you have or how much you are saving.

You’re So Close!$5 more dollars! Keep going! Please move to Space 25!

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 25What is the difference between a want and a need?

You did it! Not only did you earn an extra $3 but you also finished the game! Congratulations! Please move to Space 28!

1

14

15

13

16

2728

2

12

17

26 25 24 23 22

6 7

910

212019

11

18

3 4 5

8

Space 28You did it! Now it’s time to see how much money you saved up!

Time for Math!If your mom gave you $0.50 every day for 28 days, how much money is that?

$12 $15 $14

Answer: $12I’m sorry, but that’s incorrect:

Try this: 28 (multiplied by) * 0.5= $14

Answer: $15I’m sorry, but that’s incorrect,

Try this:

24 (multiplied by) * .5 = $14

Answer: $14Congratulations! That’s correct!

24 (multiplied by) * .5 = $14

Game Summary:

Final Countdown!

QuizNext and final step is the quiz!We will cover the terms you just learned about:a) Scarcityb) Taxesc) Wants and needsd) Bankse) Piggy banks

If needed, please go back to look over these terms before the quiz!

QuizThis quiz is five questions long.

I will ask you to define or apply the terms and you will type in a response.

Good Luck!

Question 1Define Scarcity:

Question 2Give two examples of wants and two examples of needs:

Wants: Needs:

Question 3Define taxes:

Question 4What is the purpose of a bank?

Question 5What is the benefit of using a piggy bank?

Finished!You have completed the lesson, the game and the quiz!

You did a great job!