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 3
Include homework
Include images descriptions
Any other preferences

Lesson Plan: Understanding Money

Subject: Mathematics
Grade: 3
Topic: Money
Duration: 30 minutes

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Objectives

• Students will be able to identify different denominations of coins and bills.
• Students will learn how to make change and understand the value of money.
• Students will be able to solve simple word problems involving money.

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Materials Needed

• Play money (coins and bills)
• Whiteboard and markers
• Worksheets for practice
• A sample cash register or store setup

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Introduction (5 minutes)

1. Engage Students: Begin the lesson by asking students what they know about money.
2. Discussion: Show real coins and bills and ask students to identify them.
3. Explain Purpose: Discuss why understanding money is important for everyday transactions.

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Direct Instruction (10 minutes)

1. Denominations:

   • Introduce coins: penny (1 cent), nickel (5 cents), dime (10 cents), quarter (25 cents).
   • Introduce bills: one dollar, five dollars, ten dollars, and twenty dollars.

2. Value and Shopping:

   • Explain how to combine different coins to make a dollar.
   • Demonstrate how to use money in a shopping context (e.g., buying items).

3. Making Change:

   • Explain how to count change back to a customer (e.g., if an item costs $3 and the customer pays with a $5 bill).

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Guided Practice (10 minutes)

1. Activity:

   • Set up a mock store with different items labeled with prices.
   • Have students take turns being the customer and the cashier, using play money to buy items and make change.

2. Observation:

   • Walk around and assist students as needed, ensuring they understand the transactions.

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Independent Practice (5 minutes)

1. Worksheet: Distribute a short worksheet that includes:
   • Identifying coins and bills.
   • Simple addition problems to determine total cost.
   • Multiple-choice questions on making change.

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Conclusion (2 minutes)

1. Review Key Concepts: Quickly go over the coins, bills, and the process of making change.
2. Encourage Questions: Allow students to ask any final questions.

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Homework Assignment

Students are to complete the following tasks at home:

1. Identify: Draw and label at least three different coins and three different bills.

   • Example: Draw a penny, a nickel, and a quarter; write how much each is worth.

2. Word Problems: a. If you buy a toy for $7.50 and pay with a $10 bill, how much change will you get back?

   • Answer: $2.50 b. You have a quarter (25 cents), a dime (10 cents), and two nickels (5 cents each). How much money do you have in total?
   • Answer: $0.45 or 45 cents

3. Create a Budget: Write a list of three items you would like to buy with a total of $15, including their prices.

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Correct Answers for Homework

1. Drawings of coins and bills should be checked for accuracy.
2. • a. Change from $10: $2.50
   • b. Total: $0.45 or 45 cents
3. Students' budgets will be subjective, so no specific correct answers, but ensure all items total $15.

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This lesson plan provides a comprehensive approach to teaching money to third graders, ensuring that they engage with the material in a hands-on way while also practicing their skills independently.