Before loaning a friend money, what factors would you consider and why would you lend it? Your young economists will face questions like these in a instructional activity on banking, profit, risk, and reward, which includes the reading of the book Worth!, follow-up discussion, and a collaborative role-playing activity. 

Concepts

banking, risks, profit, profits, interest, financial literacy, loans, borrowing

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Additional Tags

social studies

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Instructional Ideas

• If you cannot access the book or would like to adapt the lesson for your class in a different way, consider designing your own loan applicant roles that connect to more relevant, real-life situations applying to your pupils

Classroom Considerations

• This lesson plan is primarily based on the reading of a book titled Worth!; however, the materials can also be adapted to a stand-alone lesson focusing on the role-playing activity and economic concepts

Pros

• Other topics covered include factors affecting loan interest rates and the availability of credit
• All follow-up handouts and activity materials included
• Incorporates best teaching methodologies throughout lesson

Cons

• None

Common Core

RH.6-8.1 RH.6-8.2 RH.6-8.4 RH.9-10.1 RH.9-10.2 RH.9-10.4 RH.11-12.1 RH.11-12.2 RH.11-12.4