Over time everyone has had a pocketful of pennies, it’s not something we think about very much. But what if we woke up tomorrow and found that there were no more pennies? Or what if we found that money had disappeared altogether -- not only from our pockets but from banks, stores and all the other places where we would expect to find it? While we are on the subject, just what is this thing called money? Everyone knows about money--or do they? Where did it come from? Why are a piece of paper and a metal disk money? Why not something else? Just how did this dollar or dime wind up in my pocket? This lesson will send your students on a mission to investigate the history of money. In a wrap-up activity, it will call upon the students to consider whether we should keep or toss the penny.
Agent Pincher: The Case of the UFO--Unfamiliar Foreign Objects. That is what currency from another country may look like. Sometimes when people first try to use money from another country, they feel like they are playing with toy money-it is a different size, color, and shape, compared to one's own national currency, and it often comes with unfamiliar writing. As a special agent, your job is get the facts on these UFOs and compile a profile for guide book for your section.
Students will research the cost of making the penny an the use of the penny and come up with reasons why the penny should or should not be continued to be made and used.
The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.
Designed primarily for elementary and middle school students, each of the 15 lessons in this guide introduces an economics concept through activities with modeling clay.
3 out of 17 lessons from this publication relate to this EconEdLink lesson.
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3 out of 23 lessons from this publication relate to this EconEdLink lesson.
Created specifically for middle school mathematics teachers, this publication shows how mathematics concepts and knowledge can be used to develop economic and personal financial understandings.
2 out of 12 lessons from this publication relate to this EconEdLink lesson.