1. Topic-
Making A Decision
 
2. Content-
-Advantages
-Choice
-Disadvantages
-Opportunity Cost
 
3. Goals: Aims/Outcomes-
California Standard 1.6 Understand the concept of exchange and the use of money to purchase goods and services.
 
4. Objectives-
- Recognize the other alternatives.
- Weigh the advantages and disadvantages of each choice.
- Make a decision based on your ideas.
- Recognize what your opportunity cost is.
 
5. Materials and Aids-
"The Giving Tree" by Shel Silverstein on Power Point and read aloud.
Activity including 2 boxes for each choice, prizes for each choice, apples to use as currency.
 
6. Procedures/Methods-

A. Introduction-

- Explain Choice, opportunity cost, then the advantages and disadvantages of a choice
 

B. Development-

Using Microsoft Power Point we will further delve into choice and opportunity cost by showing different examples of choice while having the children offering their ideas of advantages and disadvantages concerning the topic choice.
Having the students create their own choice and by voicing the advantages and disadvantages they will have a more thorough understanding of opportunity cost and choice.
 

C. Practice-

Game Show Demonstration
1. Explain game and rules.
2. Reveal choice number one.
3. Let them reason the advantages and disadvantages of each choice.
4. See if they understand what their opportunity cost is.
 

D. Independent Practice-

- Students will create their own choice and opportunity cost, weighing the advantages and disadvantages of the their choices.
 

E. Accommodations (Differentiated Instruction)-

The lesson plan was created in a way that little or no accommodations are necessary. The instruction is offered encompassing most aspects of a multiple intelligence curriculum: spacial, linguistic, interpersonal and kinesthetic.
 

F. Checking for understanding-

- With the instruction being led by the teacher, the student's understanding can be measured and adjustments made accordingly.
 

This Lesson Plan is available at (www.teacherjet.com)