aidemia--modules-lessonplan_request	Titles of parts of the lesson must be formatted as headings
What to create	Lesson plan
Which subject	Mathematics
What topic	money
What length (min)	30
What age group	Year or Grade 8
Include homework
Include images descriptions
Any other preferences

Lesson Plan: Understanding Money

Academic Subject: Mathematics

Grade Level: 8
Duration: 30 Minutes
Topic: Money

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Objectives

By the end of this lesson, students will be able to:

1. Understand the different denominations of U.S. currency.
2. Perform calculations involving addition and subtraction of money amounts.
3. Interpret and solve word problems related to money.

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Materials Needed

• U.S. currency replicas or play money
• Whiteboard and markers
• Worksheets with word problems and exercises
• Calculators (optional)

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Lesson Structure

Introduction (5 Minutes)

• Begin the lesson by asking students what they know about U.S. currency.
• Discuss the various denominations of coins and bills (e.g., pennies, nickels, dimes, quarters, one-dollar bills, five-dollar bills, etc.).
• Ask students to identify the total value of different combinations of coins.

Instruction (10 Minutes)

• Explanation of Money Values:

  • Introduce the concept of value associated with each denomination.
  • Show how to add different coin values to find a total amount.

• Calculating with Money:

  • Demonstrate addition and subtraction of money using examples on the whiteboard.
  • Provide real-life scenarios, such as calculating total expenses or making change.

Guided Practice (10 Minutes)

• Distribute play money to small groups.
• Create a scavenger hunt where students have to create specific total amounts using the denominations given.
• Walk around the classroom to assist and answer questions as necessary.

Independent Practice (5 Minutes)

• Hand out worksheets with word problems that involve making change, calculating totals with purchases, and similar scenarios.
• Allow students to work independently to solve the problems.

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Conclusion (5 Minutes)

• Review key concepts: the importance of money handling, how to calculate totals, and make change.
• Discuss answers to a few word problems as a class, reinforcing the techniques taught.

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Homework Assignment

Task

1. A coffee shop sells a coffee for $2.50. If you buy 3 coffees, how much do you spend in total?
2. You have $20.00. If you buy a book for $15.75, how much change will you have left?
3. At a store, you bought two items: one for $8.99 and another for $12.49. What is the total cost of your items?
4. If you pay for a movie ticket costing $10.00 with a $20 bill, how much change should you receive?

Answers

1. $2.50 * 3 = $7.50
2. $20.00 - $15.75 = $4.25
3. $8.99 + $12.49 = $21.48
4. $20.00 - $10.00 = $10.00

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By following this lesson plan, students will have hands-on experience with money, enhancing their mathematical skills in real-world scenarios.