March 12-14, 1998

Money, Money, Money!

Grade Level: 2
Presented by: Karin W. Sanders, Kimmell J. Proctor, Paul H. Cale Elementary,
Charlottesville, VA
Length of Unit: 11 Lessons

I. ABSTRACT

Money is everywhere! Children encounter money and economic lessons in their

everyday lives. As teachers, it is our duty to teach children a basic understanding of
how money works. Through this unit, children will learn money concepts as described
in the Core Knowledge sequence, such as: identifying coins, coin values, and that equal
amounts can be reached through different coin combinations. We will build on these
concepts through hands-on explorations, activities, and integration of the Core
Knowledge sequence and other literature. II. OVERVIEW

A. Identify Concept Objectives:

1. Recognize the relative value of penny, nickel, dime, quarter, and dollar.

2. Writing amounts of money using $ and signs and the decimal point

3. Show how different combinations of coins equal the same amounts of money.

B. List specific Core Knowledge content to be covered:

1. Recognize the relative value of penny, nickel, dime, quarter, and dollar.

2. Writing amounts of money using $ and signs and the decimal point

3. Show how different combinations of coins equal the same amounts of money.

4. "Smart" by Shel Silverstein

C. List skills to be taught:

1. Coin recognition

2. Counting coins

3. Correct usage of $ and signs

4. Comparing coin values

5. Showing equivalent coin values using various coin combinations

III. BACKGROUND KNOWLEDGE

A. Teacher Resources:

1. Math Section, What Your First Grader Needs to Know, E.D. Hirsch, Jr.

2. Math Section, What Your Second Grader Needs to Know, E.D. Hirsch, Jr.

B. Student Resources:

1. Skip counting by 5 and 10

2. Coin identification

IV. RESOURCES

Teacher Resources:

1. Plastic coins in all denominations

2. Oversized display set of classroom money

3. Restaurant menus

4. "Smart" by Shel Silverstein

5. Let's Find Out About Money by Kathy Barabas

6. Grocery store fliers

V. LESSONS

A. Lesson One: Introduction to Money

1. Objective/Goal: Students will

a. identify the value of pennies, nickels, and dimes through 99.

b. use combinations of coins to show specified amounts.

c. compare equivalent amounts using different coin combinations.

2. Materials

a. Play money (10 pennies, 10 nickels, 10 dimes per student)

b. Piggy bank workmat for each student (Appendix A)

c. Large display set of pennies, nickels, & dimes

3. Prior Knowledge for Students

Counting patterns (by 1's, 5's, 10's to 100)

4. Key Vocabulary

a. Penny d. Value
b. Nickel e. Cents

c. Dime

5. Procedures/Activities

a. Read Let's Find Out About Money, a picture book by Kathy Barabas, to discover
how coins go from rocks in the ground, to the U.S. Mint, to your piggy bank!

b. Teacher uses the set of large coins to display, identify, and compare the heads and
tails sides, as well as the value, of each coin.

c. Have the students sort their play money into piles of similar coins. Lead the students
to

determine the total value of each pile by counting in unison, count the penny pile by
ones, the nickel pile by 5's, and the dime pile by 10's.

d. Model various examples of counting combinations. Point out that it is often easiest to
start with the coin of greatest value.

e. Write an amount on the chalkboard up to 99. Show the students that the symbol ""
may be used in place of the term "cents."

f. Ask students to use their play money to show that amount with their coins on their
workmats. Discuss the different combinations of coins the children used to show the
amount. Determine who used the fewest or most coins. Point out that there can be
different ways to make the same amount of money.

g. Repeat several times, using different amounts of money.

h. Teacher sends a letter to parents describing donations needed for the culminating
activity. (Appendix B)

6. Evaluation/Assessment

Have the children pair up with a partner to take turns calling out and making values less
than 99. Observe those having difficulty, and reteach with additional examples as
necessary.

B. Lesson Two: Money Challenge Cards

1. Objective/Goal: Students will

a. practice finding various ways to make equivalent amounts of money using

combinations of pennies, nickels, and dimes.

b. work cooperatively with a partner.

2. Materials

a. Play money

b. Piggy bank workmat (Appendix A)

c. 1 set of challenge cards per pair of students (Appendix C)

d. paper and pencils for students

3. Prior Knowledge for Students

a. Coin recognition

b. Counting mixed coin values

4. Key Vocabulary

a. b. value

5. Procedures/Activities

a. Have students pair up with a partner and sort their play money. After sorting, one
partner picks a card from the pile placed face down between the two players and reads
it to the other partner.

b. Together the two players together follow the instructions on the card. On a piece of
paper, the child who did not choose the card writes down the amount and records what
they did with the coins

c. The partners switch roles as they continue the activity, choosing another card until all
the challenge cards have been read.

6. Evaluation/Assessment

When the partners are finished, group two pairs together and have them exchange
papers and check each other's work.

C. Lesson Three: Money War

1. Objective/Goal: Students will

a. practice counting amounts of money up to 99 using pennies, nickels, and dimes.

b. compare values of sets of money up to 99 to determine which is more or less.

2. Materials

a. 2 different colored sets of money cards (one set per child) (Appendix D)

b. pencils for students

3. Prior Knowledge for Students

a. Coin recognition

b. Counting coin values to 99

c. Knowledge of how to play the card game "war"

4. Key Vocabulary
a. More d. Penny

b. Less e. Nickel

c. Equal f. Dime

5. Procedures/Activities

a. Pair students with a partner. Give each partner a different colored sheet of cards,
each

depicting various coin combinations. Students should count and write down the value of
each card before playing.

b. When all the values have been recorded on the cards, the players should cut apart the
sheet into the cards and place them face down in a pile.

c. The players simultaneously turn over the top card in their pile. Whoever has the
larger amount on his card wins that pair of cards. If the players flip cards that show
equal amounts, then they declare "money war" by leaving the equivalent cards showing
and flipping the next pair of cards to see which of those shows the larger amount. That
player then takes all 4 cards.

d. Players continue until they have flipped every card in their piles. The player with the
most cards wins the game. If time allows, the players may then sort their cards by color
and play again.

6. Evaluation/Assessment

Teacher circulates to ensure student comprehension and provide assistance where

needed.

D. Lesson Four: The Quarter

1. Objective/Goal: Students will

a. identify the value of a quarter.

b. count quarters to $1.00.

c. count values of mixed coins by adding on from the quarter.

2. Materials

a. Play money

b. Large display model of a dollar bill cut into 4 equal sections

c. Piggy bank workmats (Appendix A)

d. Follow-up worksheet (Appendix E)

3. Prior Knowledge for Students

a. Fractions
b. Counting mixed coins

4. Key Vocabulary

a. Counting on d. Penny

b. Quarter e. Nickel

c. Dollar bill / $ f. Dime

5. Procedures/Activities

a. Ask students to show 2 dimes and 1 nickel on their workmat. After they determine
the value of 25, ask if anyone knows any other ways to make 25. After exploring their
suggestions, introduce the quarter.

b. Display and discuss both the heads and tails sides of a large model of the quarter.
Explain that the coin is named the quarter because it is one quarter, or 1/4, of a dollar.
At this point, you may introduce the symbol $ to be used interchangeably with the term
"dollar."

c. Demonstrate the concept of a quarter dollar by using the large display model of a
dollar bill cut into 4 equal parts. As the teacher puts up each part of the dollar on the
board, have the students place the number of quarters representing that amount onto
their workmats. For example, when you put up only 1/4 of the dollar, the students
should only show 1 quarter or 25; when you show 2/4 of the dollar, the students should
show 2 quarters or 50; when you show 3/4 of the dollar, the students should show 3
quarters or 75; and when you show the entire dollar bill, students should show 4
quarters or $1.00.

d. On their workmats, have students place 1 quarter, 3 dimes, 3 nickels, and 3 pennies.
Model counting on from 25 to determine the combined value of the coins. Have the
children touch the corresponding coins as they count aloud with you: 25, 35, 45, 55, 60,
65, 70, 71, 72, 73.

e. Repeat using various amounts of coins and having the students share their solutions.

6. Evaluation/Assessment

a. As students count the given amounts, observe whether they are starting with the
larger value coins.

b. Provide students with the follow-up worksheet with additional examples if needed.

E. Lesson Five: "Smart"

1. Objective/Goal:

a. Students read the poem "Smart" by Shel Silverstein.

b. Students make the coin amounts given in the poem with play money.

2. Materials

a. "Smart" by Shel Silverstein

b. Play money for each student

3. Prior Knowledge for Students

a. Counting mixed coins

b. Relative value of coins

4. Key Vocabulary

a. Penny d. Quarter

b. Nickel e. Value

c. Dime f. Swap

5. Procedures/Activities

a. Teacher reads the poem to the class.

b. Teacher and the students reread the poem together.

c. Teacher encourages student discussion of the poem.

d. As the teacher reads each stanza to the class, the students determine the amount the
boy in the poem has. The students act out the "swap" described in the poem and
compare the amounts.

6. Evaluation/Assessment

a. Teacher observes student participation.

b. Teacher addresses any difficulty students may experience.

F. Lesson Six: Money Bingo

1. Objective/Goal:

a. Students practice counting and recognizing combined values of pennies, nickels,

dimes, and quarters to $1.00.

b. Students write the and the $ correctly.

2. Materials

a. 3 versions of bingo grid (Appendix F)

b. Total amount cards (Appendix G)

c. 9 markers (or counters) per student

d. pencils for students

3. Prior Knowledge for Students: Counting mixed coins

4. Key Vocabulary
a. Penny d. Quarter

b. Nickel e. Value l

c. Dime

5. Procedures/Activities

a. Distribute a bingo grid to each student. Have students count the values of the 9
different sets of coin combinations displayed on their bingo cards and record the total
value in each square.

b. After all the values have been determined, the teacher pulls cards from a bag with a
total amount written on them. The students should cover the corresponding squares with
markers (these can be cut from construction paper).

c. The students may continue playing until one or more reaches "Bingo" by either
covering 3 spaces in a row or the entire card, as determined by the teacher.

6. Evaluation/Assessment

a. Teacher observes student participation.

b. Teacher addresses any difficulty students may experience.

G. Lesson Seven: Race to $1.00

1. Objective/Goal:

a. Students recognizes denominations of coins.

b. Students adds coins to equal $1.00.

2. Materials

a. Money die for each pair of students (Appendix H)

b. Copy of 100s board for each student (Appendix I)

c. Crayon for each child

3. Prior Knowledge for Students

a. Relative coin values for penny, nickel, dime, quarter

b. Equivalent coin combinations to $1.00

4. Key Vocabulary

a. Penny d. Quarter

b. Nickel e. Roll (as in roll the die)

c. Dime
5. Procedures/Activities

a. The teacher shows the class a blank 100s board on the chalkboard or overhead.

b. The teacher asks the students how many pennies equal a dollar (100).

c. The teacher rolls the money die and tell the students the coin she rolled.

d. The students tell the teacher how much the coin is worth, and the teacher colors that
many squares on the graph.

e. The teacher continues until all students have answered.

f. The teacher divides class into pairs. Each pair of students receives two grids, one
money die, and two crayons.

g. Students rolls the die and color in their grid. First student to $1.00 in each pair is
"The Winner."

6. Evaluation/Assessment

a. Teacher calls on all students during the demonstration. Students who answer
incorrectly can be remediated during the game.

b. To monitor student progress, the teacher circulates among groups as they race to
$1.00.

H. Lesson Eight: Slide Show and Money Dominoes

1. Objective/Goal:

a. Students review relative value of coins.

b. Students add coins.

c. Students match like amounts.

d. Students write the and the $ correctly.

2. Materials

a. Money Slide Show (See Appendix J) d. Scissors for each student

b. Teacher set of (Money Dominoes) e. Pencil for each student

c. Money Dominoes Sheet for each student (Appendix K)

3. Prior Knowledge for Students

a. Relative coin values for penny, nickel, dime, quarter

b. Coin combinations to $1.00

c. Knowledge of how to play dominoes

4. Key Vocabulary
a. Penny e. Cents

b. Nickel f. Domino

c. Dime g. Match (as in match like pairs)

d. Quarter

5. Procedures/Activities

a. Teacher shows the Money Slide Show. Students identify amounts shown.

b. Teacher then models the game of dominoes, using the Teacher Set of Money
Dominoes.

c. Teacher passes out student materials. Students cut apart dominoes and write amounts
on each, using the and $ signs.

d. Teacher divides class into pairs. Students play dominoes with their partners.

6. Evaluation/Assessment

a. Teacher monitors student answers to Slide Show and provide assistance when
needed.

b. Teacher circulates among students to monitor progress.

I. Lesson Nine: Money Menus

1. Objective/Goal:

a. The student creates a menu from a template.

b. The student assigns amounts to each food item on the menu.

c. The student uses play money to purchase items off a menu.

d. The students use the and $ signs correctly.

2. Materials

a. Restaurant menus c. Pencil for each student

b. Menu template (Appendix L) d. Play money for each student

3. Prior Knowledge for Students

a. Menus are used in restaurants to order food

b. Relative coin values for penny, nickel, dime, quarter

c. Coin combinations to $1.00

4. Key Vocabulary

a. Penny d. Quarter
b. Nickel e. Cents

c. Dime f. Menu

5. Procedures/Activities

a. Teacher shows student menus from restaurants.

b. Students brainstorm ways menus are alike.

c. Teacher shows students the menu template. Teacher models moving items from the
template to the menu screen. The teacher then adds amounts to her items.

d. The teacher guides students in making their own menus.

e. After completing the menus, students trade menus with a partner and try to purchase
items with the play money.

6. Evaluation/Assessment

a. Teacher monitors student progress in making the menu.

b. Teacher monitors student progress in ordering from the menu and paying.

J. Lesson Ten: Set up the Store

1. Objective/Goal:

a. With the teacher's help the students set up a small class store.

b. The students organize the store by sorting.

b. Students use the and $ correctly.

2. Materials

a. Boxes and cans brought from home e. Play money for students

b. Permanent marker to write prices f. Crayons or markers for students

c. Table or area to keep store items g. Paper for "grocery store" fliers

d. Tape to divide area into categories

3. Prior Knowledge for Students

a. Items in the grocery store have prices

b. Coin combinations to $1.00

4. Key Vocabulary

a. Price d. Dime

b. Penny e. Quarter
c. Nickel

5. Procedures/Activities

a. Collect all items the students have brought.

b. Ask students to brainstorm ways that items are grouped in the grocery store.

c. Assign categories for items. Choose one item at a time and set a price under $1.00 for
the item.

d. Place items in the correct categories until all items are placed.

e. Have students create a flier for the grocery store. The flier should show the item and
its price for 5-10 items.

6. Evaluation/Assessment

a. Teacher monitors the sorting of grocery items and intervenes when needed.

b. Teacher reviews student work to ensure the correct usage of and $.

VI. CULMINATING ACTIVITY: The Store

The class can use the store to complete several different activities.

1. The students create grocery lists from the grocery store fliers made the day before.

2. The students take turns at the grocery store purchasing items from a list.

3. The students take turns being the grocer and accepting the play money.

VII. HANDOUTS/STUDENT WORKSHEETS

VIII. BIBLIOGRAPHY

Adams, Barbara. The Go-Around Dollar. New York: Four Winds Press, 1992, ISBN 0-
02-700031-1

Axelrod, Amy. Pigs Will Be Pigs: Fun with Math and Money. New York: Simon and
Schuster, 1994, ISBN 0-02-765415-X

Barabas, Kathy. Let's Find Out About Money. New York: Scholastic, 1997, ISBN 0-
590-73803-8

Campbell, June. The Money Book. Palo Alto: Dale Seymour Publications, 1978, ISBN
0-86651-253-5

Giff, Patricia Reilly. Count Your Money with the Polk Street School. South Holland
Illinois: Yearling, 1994, ISBN 0-440-40929-2

Gross, Ruth. Money, Money, Money. New York: Scholastic, 1971, ISBN 0-590-09189-
1

Hoban, Lillian. Arthur's Funny Money. New York: Harper Collins, 1981, ISBN 0-06-
022343-X

Kimmel, Eric A. Four Dollars and Fifty Cents. New York: Holiday House, 1989, ISBN
0-8234-0817-5

Maestro, Betsy. The Story of Money. New York: Clarion Books, 1993, ISBN 0-395-
56242-2

Money Madness. New York: Planet Dexter, 1995, ISBN 0-201-40933-X

Parker, Nancy W. Money, Money, Money: The Meaning of the Art and Symbols on
United States Paper Currency. New York: Harper Collins, 1995, ISBN 0-06-023412-1

Russell, Margo. Start Collecting Coins. Philadelphia: Running Press, 1989, ISBN 0-
89471-674-3

Schwartz, David M. If You Made a Million. New York: Lothrop, Lee & Shepard
Books, 1989, ISBN 0-688-07017-5

Silverstein, Shel. "Smart," Where the Sidewalk Ends, New York: Harper and Row,
1974, ISBN: 0060256680

Viorst, Judith. Alexander, Who Used to Be Rich Last Sunday. New York: Aladdin
Books, 1978, ISBN 0-689-71199-9

Zimelman, Nathan. How the Second Grade Got $8,205.50 to Visit the Statue of Liberty.
Morton Grove IIllinois: Albert Whitman and Company, 1992, ISBN 0-8075-3431-5

Home | About Core Knowledge | Schools | Bookstore | Lesson Plans | Conference

Contact us © 1997 Core Knowledge Foundation.