General Financial Literacy
Lesson Plans

Strand 1

Students will understand basic economic concepts and develop economic thinking critical to making personal financial choices.

Standard 1

Understand how basic economic principles affect personal financial choices.

• Federal Reserve: Navigating Fiscal and Monetary Policies
  Students will comprehend the role of the Federal Reserve and gain an understanding of fiscal and monetary policies.
• GDP and Inflation
  Students will learn about the four components of GDP and then explore how inflation impacts purchasing power over time. While playing an in-class game, students move around the classroom to guess how inflation has impacted a particular scenario. 
• In the Chips - Supply and Demand
  Students will be introduced to the concept of supply and demand. Next, students will play the game ?In the Chips? to show how Supply and Demand works and how the market finds its equilibrium.  The lesson will conclude with reflection and class discussion
• Invest with Stax Interactive
  Students will play the interactive game called Stax and see if they can beat the market in a 20-year period. Reflection questions will be answered after gameplay.
• Opportunity Costs & Tradeoffs When Decision Making
  Students will play an online game called ?SPENT? and experience what it?s like to live paycheck to paycheck. Game play will be followed with reflection questions and class discussion.
• Scarcity & Opportunity Cost
  Students will actively assess their career aspirations, critically evaluate and compare diverse career opportunities aligned with their aptitudes and interests, and strategically plan their career path while gaining insight into the income potential associated with their chosen careers.
• Supply and Demand
  Students will define and explain the concepts of supply and demand, understand how changes in these factors influence prices, and analyze real-world scenarios.

---

http://www.uen.org - in partnership with Utah State Board of Education (USBE) and Utah System of Higher Education (USHE).  Send questions or comments to USBE Specialist - Breckon  Heywood and see the Financial Literacy website. For general questions about Utah's Core Standards contact the Director - Jennifer  Throndsen.

These materials have been produced by and for the teachers of the State of Utah. Copies of these materials may be freely reproduced for teacher and classroom use. When distributing these materials, credit should be given to Utah State Board of Education. These materials may not be published, in whole or part, or in any other format, without the written permission of the Utah State Board of Education, 250 East 500 South, PO Box 144200, Salt Lake City, Utah 84114-4200.