Course Plan: Business & Finance for Multi-Age Homeschool Group (Grades K–5)
This 4-week course focuses on the theme "Business & Finance" and utilizes the mentor text Grand Opening: A Civic Square Story, where students will engage in hands-on activities, roleplay, and real-world scenarios. Each week covers a specific aspect of business and finance, integrating reading, writing, grammar, and math skills for grades K–2 and 3–5.
Week 1: Starting a Business
Lesson 1: Introduction to Businesses
- Objective: Understand what a business is and the various types of businesses.
- Activities:
- Read a chapter from Grand Opening.
- Discuss different types of businesses (e.g., shops, service providers).
- K–2: Draw a picture of a business they would like to start.
- 3-5: Write a paragraph explaining what kind of business they want to start and why.
Lesson 2: Identifying Needs and Wants
- Objective: Differentiate between needs and wants to determine a business focus.
- Activities:
- Group discussion on needs vs. wants.
- K–2: Sort pictures of items into "need" and "want" categories.
- 3–5: Create a list and categorize different items as needs or wants.
Lesson 3: Business Planning Basics
- Objective: Learn about creating a simple business plan.
- Activities:
- Introduce components of a business plan using Grand Opening as a reference.
- K–2: Fill out a basic template (name, what they sell).
- 3–5: Write a short business plan covering name, purpose, and target market.
Lesson 4: Creating a Product or Service
- Objective: Develop an idea for a product or service.
- Activities:
- Brainstorm product/service ideas as a class.
- K–2: Craft a model or drawing of their product/service.
- 3–5: Make a detailed description of their product/service including features and benefits.
Lesson 5: Marketing the Business
- Objective: Learn about basic marketing strategies.
- Activities:
- Discuss different marketing methods (posters, word of mouth).
- K–2: Create a simple poster for their business.
- 3–5: Design a marketing flyer with persuasive language.
Week 2: Banking & Saving
Lesson 6: Introduction to Banking
- Objective: Understand the role of banks in the business world.
- Activities:
- Read a relevant section of Grand Opening.
- Discuss what banks do.
- K–2: Draw a picture of a bank.
- 3–5: Write a paragraph on how banks help businesses.
Lesson 7: Opening a Savings Account
- Objective: Learn about saving money and the purpose of a savings account.
- Activities:
- Discuss the importance of saving.
- K–2: Create a 'savings jar' from recycled materials.
- 3–5: Simulate opening a savings account, recording deposits and withdrawals on a worksheet.
Lesson 8: Basic Money Management
- Objective: Understand how to manage money responsibly.
- Activities:
- Introduce the concept of budgeting.
- K–2: Use play money to simulate saving/spending scenarios.
- 3–5: Create a simple personal budget based on their business revenue.
Lesson 9: Banking Vocabulary
- Objective: Learn vocabulary related to banking.
- Activities:
- Introduce banking terms (deposit, withdrawal, account).
- K–2: Vocabulary flashcards with definitions.
- 3–5: Write sentences using new vocabulary in context.
Lesson 10: Roleplay a Bank Visit
- Objective: Practice real-world banking scenarios.
- Activities:
- Set up a mock bank in the classroom.
- K–2: Roleplay making a deposit or withdrawal.
- 3–5: Create a dialogue for a customer visiting the bank.
Week 3: Investment & Profit
Lesson 11: Understanding Investment
- Objective: Learn what investment means.
- Activities:
- Discuss what it means to invest.
- K–2: Create a visual map of items they could invest in (e.g., toys, products).
- 3–5: Write about their own investment idea and potential returns.
Lesson 12: Costs vs. Revenue
- Objective: Understand the concepts of costs and revenue.
- Activities:
- Discuss fixed and variable costs using examples from Grand Opening.
- K–2: Use simple math problems to calculate costs.
- 3–5: Create a table comparing costs and anticipated revenue for their business.
Lesson 13: Calculating Profit
- Objective: Learn how to calculate profit.
- Activities:
- Introduce profit equation (Profit = Revenue - Costs).
- K–2: Simple scenarios to calculate profit using visuals.
- 3–5: Scenario-based problems where they calculate profit using given data.
Lesson 14: The Importance of Community Investment
- Objective: Understand how businesses can benefit their community.
- Activities:
- Discuss businesses that give back.
- K–2: Draw a business that helps the community.
- 3–5: Write a paragraph on how their business can positively impact the community.
Lesson 15: Presenting Business Ideas
- Objective: Present ideas to potential investors (classmates).
- Activities:
- Presentation day where each student presents their business.
- K–2: Share their drawings and ideas verbally.
- 3–5: Deliver a short pitch about their business plan.
Week 4: Risk & Insurance
Lesson 16: Understanding Risks
- Objective: Identify potential risks in business.
- Activities:
- Discuss types of risks businesses face.
- K–2: Create a risk chart for their business with help.
- 3–5: Write about risks associated with a given business scenario.
Lesson 17: What is Insurance?
- Objective: Learn what insurance is and why it matters.
- Activities:
- Explain insurance concepts in a simple way.
- K–2: Create a 'safety net' drawing representing their business security.
- 3–5: Write a short essay on how insurance could protect their business.
Lesson 18: Evaluating Business Risks
- Objective: Evaluate potential risks and their solutions.
- Activities:
- Discuss how businesses can mitigate risks.
- K–2: Roleplay situations to solve problems in their business.
- 3–5: Case study analysis of risks and mitigation strategies.
Lesson 19: Preparing for the Future
- Objective: Understand future planning for their business.
- Activities:
- Discuss long-term vs. short-term goals.
- K–2: Create a simple 'future goals' poster.
- 3–5: Write a business growth plan.
Lesson 20: Course Reflection & Celebration
- Objective: Reflect on what was learned and celebrate achievements.
- Activities:
- Write a reflection on what they learned through the course.
- K–2: Share their drawings and experiences.
- 3–5: Present their final reflections and business ideas to the group.
This course blends practical activities with theoretical knowledge to give students a comprehensive understanding of the Business & Finance landscape, preparing them for real-world applications in their future endeavors.