Pickle Patch Bathtub

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Pickle Patch Bathtub

Description:

In this lesson, students learn about opportunity cost, saving, savings goals and a savings plan by reading "The Pickle Patch Bathtub" by Frances Kennedy. Students will develop savings plans that lead to their own savings goals.

Education Levels:

3, 4, 5

Subject:

Economics, Writing (composition), Listening Comprehension

Resource Type:

Lesson plan

Medium:

PDF

Fee Status:

Free

Beneficiary:

Students

Online provider:

Federal Reserve Bank of Philadelphia

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Keywords:

Savings, Frances Kennedy, Financial literacy

Mediator:

Elementary school teachers

Publisher:

Federal Reserve Bank of Philadelphia

Contributor:

Andrew Hill, Mary Suiter, Bonnie Meszaros

Is Part Of:

http://www.philadelphiafed.org/education/teachers/lesson-plans/

Language:

English

General

Essential Resources:

"The Pickle Patch Bathtub" by Frances Kennedy; Crayons or markers; Scissors, one pair per student; String or yarn, one 36 inch piece per student; Stapler; Construction paper (white and green)

Learning Time:

60-90 minutes

Subjects/Topics

P21 Subject:

Language Arts, Economics

Instructional Methods

Assessment Method:

Informal assessment

Learning Outcomes:

Broad Correlation

Academic Standards for Economics (Elementary) (2009)

Scarcity and Choice

Opportunity Costs

Explain what is given up when making a choice.

Broad Correlation

Academic Standards for Economics (Elementary) (2009)

Scarcity and Choice

Opportunity Costs

Illustrate what individuals or organizations give up when making a choice.

Broad Correlation

Academic Standards for Economics (Elementary) (2009)

Income, Profit, and Wealth

Costs and Benefits of Saving

Define saving and explain why people save.

This data provided by the Achievement Standards Network

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Pickle Patch Bathtub

Pickle Patch Bathtub

General

Subjects/Topics

Instructional Methods

Learning Outcomes:

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