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Reading Makes Cents 2018-2019 Miss Fox’s Class Earns a Field Trip Miss Fox’s Class Earns a Field Trip by Eileen Spinelli Goods & Services Introduction: Miss Fox's students really want to go to Roller Coaster Planet. However, they must earn the money required to do so. They become young entrepreneurs, providing creative goods and services for their customers. Things do not go as planned and their best efforts seem to backfire. They are not making money. They are losing it! Time Allocation: 15-20 minutes Suggested Grade Level: 2-4 Objectives: ● The student will distinguish between goods and services ● The student will gain knowledge of specific economic terms and concepts Virginia Standards of Learning History and Social Science Materials: ● Activity Sheets- Goods and Services ● Writing tools ● A copy of Miss Fox’s Class Earns a Field Trip Procedure: 1. Prepare the materials prior to class. 2. Introduce the lesson by telling the students they are going to be listening to a story about a group of students who want to earn money to go on a field trip. Read Miss Fox’s Class Earns a Field Trip to the class. 3. Tell the students that Miss Fox’s class wanted to make money for a field trip and they were willing to provide goods and services to do so. 4. Define goods as tangible items, objects that can be touched. Define services as actions, activities performed by a person. 5. Distrube activity sheets and writing tools to the students. They may work individually or in small groups. 6. Read the directions to the class. Inform them that all of the examples are for the goods and services that can be found in the book. Lynne F. Stover James Madison University Center for Economic Education 1 1.7 The student will explain the difference between goods and services and describe how people are consumers and producers of goods and services. 2.9 The student will distinguish between the use of barter and the use of money in the exchange for goods and services. 3.8 The student will demonstrate an understanding of different cultures and the natural, human, and capital resources they used in the production of goods and services.
Reading Makes Cents 2018-2019 Miss Fox’s Class Earns a Field Trip 7. Encouage students to share the four examples of GOODS and SEVICES they drew the back of the activity sheet. 8. Check for understanding. Services include: Washing Librarian’s Car, Bake Sale, Dry Cleaning, Dentist Visit, and Van Rental. Goods include: Yale Sale Items, Car Wash Supplies, Baked Goods/Brownies and Money Jar. Lynne F. Stover James Madison University Center for Economic Education 2
Reading Makes Cents 2018-2019 Miss Fox’s Class Earns a Field Trip Activity Sheet Miss Fox’s Class Earns a Field Trip Goods & Services Miss Fox’s students really want to go on a field trip to Roller Coste Planet. They need to earn $135.00 to do so. They are willing to create goods and services and sell them to reach their goal. A GOOD is an object that can be touched, like a book or pair of glasses. A SERVICE is an action performed by a person, such as selling items at a yard sale or acting in a play. Directioins: Look at each item. Circle the word GOOD if you think it is a good or SERVICE if you think it is a service. On the back of the paper, draw and lable four more examples of GOODS and SEVICES. Extra credit if they are represented in the book. Lynne F. Stover James Madison University Center for Economic Education 3 Yard Sale Items GOOD SERVICE Washing Librarian’s Car GOOD SERVICE Bake Sale GOOD SERVICE Car Wash Supplies (borrowed from school janitor) GOOD SERVICE Dry Cleaning ( For Mr. Possum’s soiled suit) GOOD SERVICE Dentist Visit (To fix Mr. Possum’s chipped tooth ) GOOD SERVICE Baked Goods/Brownies GOOD SERVICE Van Rental (For trip to theme park ) GOOD SERVICE Money Jar GOOD SERVICE
Reading Makes Cents 2018 2019 Miss Fox s Class Earns a Field Trip Miss Fox s Class Earns a Field Trip by Eileen Spinelli Goods Services Introduction Miss Fox s students really want to go to Roller Coaster Planet However they must earn the money required to do so They become young entrepreneurs providing creative goods and services for their customers Things do not go as planned and their best efforts seem to backfire They are not making money They are losing it Time Allocation 15 20 minutes Suggested Grade Level 2 4 Objectives The student will distinguish between goods and services The student will gain knowledge of specific economic terms and concepts Virginia Standards of Learning History and Social Science The student will explain the difference between goods and services and describe how people are 1 7 2 9 3 8 consumers and producers of goods and services The student will distinguish between the use of barter and the use of money in the exchange for goods and services The student will demonstrate an understanding of different cultures and the natural human and capital resources they used in the production of goods and services Materials Activity Sheets Goods and Services Writing tools A copy of Miss Fox s Class Earns a Field Trip Procedure 1 Prepare the materials prior to class 2 Introduce the lesson by telling the students they are going to be listening to a story about a group of students who want to earn money to go on a field trip Read Miss Fox s Class Earns a Field Trip to the class 3 Tell the students that Miss Fox s class wanted to make money for a field trip and they were willing to provide goods and services to do so 4 Define goods as tangible items objects that can be touched Define services as actions activities performed by a person 5 Distrube activity sheets and writing tools to the students They may work individually or in small groups 6 Read the directions to the class Inform them that all of the examples are for the goods and services that can be found in the book Lynne F Stover James Madison University Center for Economic Education 1
Reading Makes Cents 2018 2019 Miss Fox s Class Earns a Field Trip 7 Encouage students to share the four examples of GOODS and SEVICES they drew the back of the activity sheet 8 Check for understanding Services include Washing Librarian s Car Bake Sale Dry Cleaning Dentist Visit and Van Rental Goods include Yale Sale Items Car Wash Supplies Baked Goods Brownies and Money Jar Lynne F Stover James Madison University Center for Economic Education 2