Day One Economics

Economics

Day 1

Poll

How much do you know about economics, money, financing?

• A lot!

• I have heard of it

• Never heard of this before!

• I know money and that is it!

Open Ended

Look at the photo.

What do these pictures have in common? 

Essential Question

How does the government pay for the goods and services it provides? 

...such as the improvements at Fifth Street? Chicken & Pickle?

...the basketballs you use in PE? 

...who plows the snow on a snow day and who pays for the salt? 

...who pays for Officer Sanginiti and START? 

Have you ever wondered who pays for “things”

Fill in the Blank

A pay stub is a document that's given to an employee each ______, in exchange for work.

What is a Paycheck and Pay Stub? Finance 101: Easy Peasy Finance for Kids and Beginners

​https://www.youtube.com/watch?v=t6p_LuKibpc
Click to watch but come back here when finished!

DID You know...

You do not get all of you money from a paycheck.

Things are taken out like:
-taxes - insurance
-retirement - social security

ISNT THAT CRAZY!??
After all of that is taken out, you are left with a fraction of your total!

What do you notice?

This is the amount of money you make, or your income.

Let’s study this paycheck stub.

Click on the link
Watch the Video
Come back to here when finished.
https://www.brainpop.com/math/ratioproportionandpercent/taxes/

Brain POP

Last Slide
Game: People's Pie

You may play this game until your teacher is ready for you! https://www.brainpop.com/games/peoplespie/?topic_id=c6d7e1f73a88a11b

Open Ended

You have access to a lot of things that are paid for by taxes.

What surprised you the most about today's lesson?