Introduce students to the role of money in the economy with this engaging elementary economics lesson! Through real-world examples, worksheets, and activities, students explore why people use money, how it is used to purchase goods and services, and how it makes exchanges easier.
This ready-to-use lesson connects essential economic concepts to students' everyday lives while building a foundation for understanding how money works in an economy.
What's Included?
Lesson Plan: Guide students through an introduction to money and its role in the economy.
Anchor Charts: Explain money, currency, and income, and reinforce vocabulary.
Informational Text: Help students build background knowledge about money.
Worksheets and Activities: Give students opportunities to explore currency and money, like identifying currencies of the world and explaining how people earn money.
Interview a Family Member: Students get to interview an adult about what they do to earn money.
Real-World Examples: Connect economic concepts to familiar experiences and everyday transactions.
Quick Quiz: Reinforce learning and assess retention.
Answer Key: Make checking student understanding easier.
What Will Students Learn?
Explain the purpose of money.
Describe how people use money to buy goods and services.
Understand how money makes exchanging goods and services easier.
Build an understanding of money's role in the economy.
Examine the role that jobs play in economics.
Perfect For
Money and economics worksheets and activities
Elementary economics lessons
Introduction to money and financial literacy
Social studies centers and independent practice
Ready-to-use economics instruction
Designed for Elementary Learners
Make economics meaningful by connecting abstract concepts to familiar experiences. Students explore how money helps people exchange goods and services and how it plays an important role in everyday economic decisions.
Help students understand the role money plays in the economy!
Teaching more economics topics? Explore our Economics Unit, which includes 12 lessons with ready-to-use activities, projects, and crafts for three weeks of economics studies.
Lesson 1: What is Economics?
Lesson 2: Wants and Needs
Lesson 3: Goods and Services
Lesson 4: Producers and Consumers
➡️ Lesson 5: Earning Money
Lesson 6: Supply and Demand
Lesson 7: Opportunity Cost
Lesson 8: Budgeting
Lesson 9: Global Trade
Lesson 10: Natural Resources
Lesson 11: Taxes and Tariffs
Lesson 12: Business Plan Project
Before You Purchase
This is a digital download. No physical product will be shipped.
The resource is provided as a PDF file containing the unit materials. Please make sure your device can open PDF files before purchasing.
This resource is not editable unless otherwise noted.
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Quick Product Details
Grade: 2nd-3rd
Pages: 16-Page Lesson Plan
Teaching Duration: 90 minutes
Answer Key: Yes
Format: PDF download