Exploring Standards Based Lesson Plans

Paragraph 1: Describe the grade and subject area for the lesson. What will students be expected to do in the lesson?   The subject area is Social Studies, Economics and Financial Literacy.  This lesson is targeted to 10^th grade students.  Students will learn the fundamentals that guide individuals about choices and how to use limited resources to satisfy their wants.  The fundamentals start with understanding what financial planning is and how to implement the basics into a personal plan.  Manage financial resources in order to establish a foundation for financial security.   

Paragraph 2: What are the Common Core standards/required standards this lesson is designed to meet? Discuss how the different activities in the lesson address the standards.

This lesson was found in the orc.org website; however, the lesson is from the North Carolina Education Consortium.  This lesson was found in the Ohio Resource Center (www.orc.og) Consortium page because North Carolina and Ohio share common core standards (Race To The Top).  The required standards for this lesson include:

NC Essential Standards for Civics & Economics (to be implemented in the 2012-2013 school year):

· CE.PFL.1.2- Explain how fiscally responsible individuals create and manage a personal budget that is inclusive of income, taxes, gross and net pay, giving, fixed and variable expenses and retirement

· CE.PFL.1.5- Analyze how fiscally responsible individuals save and invest to meet financial goals

(Source: http://civics.sites.unc.edu/files/2012/05/PersonalFinancialLiteracyINTRO10.pdf)

Students will incorporate various activities from the lesson.  For instance, establish financial plan: financial goals, long term & short term; discover the stages of decision making; and students will maintain a spending log for two weeks.  These activities will help students prioritize their income and discern how to distribute their income.  The spending log will help students understand how they currently use their money.  Once they understand their spending pattern, they will understand how to prioritize their spending and set goals.  Ultimately, students will gain the knowledge that lead to long term financial success.

Paragraph 3: discuss how you would implement this lesson in your classroom. What parts would you anticipate would pose a problem? What parts would challenge your students?

The lesson plan is very direct.  I believe in hands-on, experiential activities and the first activity is a “True or False” game.  Students are involved throughout the lesson, and are engaged throughout.  The only challenge I anticipate is that students may forget to record their spending; therefore, I will challenge them to create a plan using their technology device rather than relying on the paper.

http://civics.sites.unc.edu/files/2012/05/PersonalFinancialLiteracyINTRO10.pdf