How can the government serve the common good?
This lesson is in UNIT 3 - Students listen to the book Uncle Jed’s Barbershop, about an African American barber who, despite significant setbacks, saves enough money to buy his own barbershop. From the story, students learn about saving, savings goals, opportunity cost, and segregation. The students participate in a card game to further investigate what it takes to reach a savings goal.
In the story, A Chair for My Mother, a little girl and her family save money in a jar to buy a chair after their furniture is destroyed in a fire. In this lesson, students will learn that characters in the book are human resources who save part of the income they earn. Students will identify other human resources and state how the mental and physical work of those human resources allows them to earn income. Finally, students name strategies to reach a savings goal.
In this lesson, students listen to a story about Beatrice, a little girl from Uganda who receives a goat, and the impact of that goat on her family. Students learn what it means to save and use estimation to decide whether or not four people have enough money to reach their individual savings goals. They also work through a set of problems requiring them to identify how much additional money must be saved to reach given savings goals. Students learn what opportunity cost is and identify the opportunity costs of savings decisions made by Beatrice and her family.