Celebrate #FinLitMonth with us by finding ideas for you and your students!

NearPod Version Available

Grade 6-8
,
Lesson

It Pays to Stay in School

Time: 60 mins,
Updated: March 24 2021,
Author: Cheryl McGaughey
Teacher Version
Objective Standards Summary
Print

Objective

Students will be able to:

  • Examine and compare several incentive programs encouraging students to stay in school.
  • Recognize the benefits of staying in school from different perspectives.
  • Discover how economic disincentive programs can also be used to motivate students to stay in school.

Standards

National Standards in Economics

National Standards in Financial Literacy

State Standards

Concepts

Balance of Trade and Balance of Payments, Division of Labor/Specialization, Incentives
Subjects:
Economics,Social Studies

Related Resources

Grades 9-12

Should Private Companies Operate Prisons?

Students analyze and rank the four general goals of corrections to help them determine their personal beliefs about what prisons...
Key Concepts: Incentives, Opportunity Cost, Profit…
60 mins
Lesson

Grades 9-12

Can You Be Fashionable and Ethical?

Students “produce” blue jeans and make business choices about production to simulate the decision of changing from more expensive, but...
Key Concepts: Costs of Production, Decision Making/Cost-Benefit Analysis, Externalities…
60 mins
Lesson

Content Partner

Grades 6-8

Dinner Discussions at Maggie Walker's House

Students study historic objects, photographs and documents, research influential members of the African American community and role-play a dinner party...
Key Concepts: Banking, Decision Making, Entrepreneurship…
3 class periods
Lesson

Grades 9-12

Can You Allocate Ethically?

In Lesson #4 from the Ethics, Economics, and Social Issues curriculum, students work in groups to analyze allocation methods, apply...
Key Concepts: Allocation, Decision Making, Incentives…
45 mins
Lesson