Mad Money Lesson Plan
By Rachel Conklin and Jenna Cohen
Unit Topic or theme: Mathematics
Grade: Third Grade
Lesson Topic or Theme : Adding And Subtracting Money
Lesson Objective: Students will be able to solve word problems
involving one dollar bills, five dollar bills, ten dollar bills,
quarters, dimes, and pennies.
Students will be able to use $ and ¢ symbols
appropriately. Students
will be able to add and subtract money within the amount of
$100.00.
Instructional Technique: Direct Instruction, Question And Answer,
Demonstration, Role Play, Discussion
Instructional Materials:
Access to show a youtube video (“Coins” by ABCmouse.com)
Fake Money In $10.00, $5.00, $1.00, 0.25¢, 0.10¢, 0.05¢,
0.01¢
Computers For Each Student
Access To The Website Mad Money Road Trip
Theoretical Perspective: Money is a topic that will repeatedly and
constantly be present in their lives. They will have to
learn skills in saving, the value of money, how to figure out
sales, etc. Learning
how to add and subtract money, the use of $ and ¢ symbols, and
how to solve word problems involving money is the backbone for
the future lessons they will learn in handing money.
Procedure:
A.
Introductory Activity:
a.
Pass out to students the two handouts U.S. Coin Value and U.S. Bill Value and
explain to them this is for them to have and reference to remind
them of the value of each item.
The student will have already learned about the value of
money so this will simply be a reminder for them.
b.
After the handouts have been passed out, play for
the students the video “Coins”
by ABCmouse.com, which can be found on Youtube. This is also just a
refresher for the students and a fun song to get them excited
for the lesson.
B.
Step-By-Step:
a.
Before students have arrived, set up somewhere on
the wall the store area poster.
The poster should have attached different items the
students can “purchase” along with a tag showing how much it
costs. Then along
the bottom should be zip-lock baggies that have the amounts $10,
$5, $1, 0.25¢, 0.10¢, 0.05¢, 0.01¢. See the attached
picture for reference.
b.
Explain to students that today you are going to
pretend to be at a grocery store and each buy different items.
c.
Pass out to each student one ten dollar bill, two
five dollar bills, five one dollar bills, four quarters, five
dimes, five nickels, and ten pennies to begin. Have extra money on
the side in case student’s need to exchange.
d.
Demonstrate how things will work by first
appointing yourself the cash register and picking one student to
help you. Ask the
student one item they would like to buy and then ask them to
give you the exact amount.
If the student does not have the exact change then ask
them what they could exchange their money for in order to have
the exact amount.
e.
Now that you have shown students how the activity
will work, pass out to each student the worksheet Grocery Store Activity Part
1. Ask
students to begin to fill it out and when they have completed it
to raise their hand. As
the teacher, you will call on a student when they raise their
hand and have them come up and either ask to exchange some of
their money or give you the exact change for what they want to
“purchase”. If the
student needs some help feel free to help and guide them until
the understand. Once
the student has it correct, take their worksheet and give to
them Grocery Store
Activity Part 2. Tell
them they can begin to work on that at their desk. Continue to call
students up until you have gone through all of them.
f.
Repeat what you did with Grocery Store Activity Part
1 with Grocery
Store Activity Part 2.
g.
Once students have completed both parts, help
students get onto their computer and reach the website Mad Money Road Trip
h.
Pass out to each student a Mad Money Road Trip Booklet
and explain to them they will go through each question on the
website and fill out the booklet while they go along. If they have a
question or are confused they can raise their hands for you to
come and help them.
C.
Closure:
a.
Once students have finished the website, collect
their booklets and ask them what during the lesson they had the
toughest time with and what they understood better.
b.
Take this time to gauge what students had a
difficult time with and what you should spend more time doing in
the future
D.
Adaptations For Different Learners:
This activity will help visual learners because
they will be seeing the money they will be adding and
subtracting on the website. They also have the worksheets
provided with the dollars and coins that explain the amount each
is worth that will help them do the worksheet.
This activity will also help students with reading
difficulties or students who have dyslexia and can’t read
numbers because pictures were added of what the money and coins
actually look like. We will provide them with an extra piece of
paper also, to see what money and coins they don’t understand
and we will check in with the students to understand which money
signs like the coins and dollars they are having trouble
understanding.
Evaluation: The Students will be able to understand the value
of money and adding and subtracting money. They will be
evaluated through the quiz on the website and the the worksheet
they have to do based off of understanding the money. The
worksheet explaining the value of the dollars and coins will
help them understand the value and worth of the money. They will
be able to identify the coins and dollars and what they’re worth
and how to add them and subtract them. They will be able to
explain how to add and subtract the money and show the work out
on the worksheet.
Concerns or questions: Does the classroom have access to laptops or
computers? Will the students understand the worksheet of the
value of the money? Will this lesson be too much for students?