Financial Institutions – Lesson Plan(Gr.6-wk1)

Subject: Mathematics

Strand: Number

Grade 6 – Term 3 – Unit 1 – Week 1

Duration: 5 x 60 minutes

Focu Question: How can I make better use of my money?

Attainment Target: Use computation, estimation and calculators apporpriately to solve real world problems inclding problems with fractions and decimals.

Benchmark: Demonstrate knowledge of financial institutions and their functions.

Please the Content Outline for lesson plans below.

Day One:

Introduction to Financial Institutions

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

Demonstrate basic knowledge of financial institutions and their services.

Materials: Whiteboard and markers, Handouts with key terms and definitions, Computer or mobile device with internet access

Teaching and Learning Procedure:

Engage: Introduction

• Introduce the topic of financial institutions by asking students if they know what a financial institution is and what services it offers.
• Provide a brief overview of the lesson plan and its objectives.

Explain: Lecture and Discussion

• Define financial institutions and provide examples such as banks, credit unions, and insurance companies.
• Explain the different services offered by financial institutions such as savings accounts, checking accounts, loans, and insurance.
• Discuss how financial institutions earn money through fees, interest rates, and other charges.
• Encourage discussion and questions throughout the lecture.

Explore: Activity

• Divide students into pairs or small groups.
• Assign each group a different type of financial institution.
• Instruct the groups to research their assigned institution and prepare a brief presentation on its services and how it helps people manage their money.
• Allow time for the groups to research and prepare their presentations.

Elaborate: Presentations

• Have each group present their findings to the class.
• Encourage questions and discussion following each presentation.

Evaluate:

• Recap the main points covered in the lesson.
• Provide students with a list of key terms and definitions related to financial institutions for them to review.
• Assign homework that asks students to research a financial institution of their choice and write a short paragraph explaining how it helps people manage their money.

Assessment:

• Students will be assessed based on their participation in class discussion and their group presentation.
• Homework assignments will be graded based on completion and accuracy.

Day Two:

Understanding Financial Institutions in Jamaica

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

Identify the types of financial institutions in Jamaica.

Materials: Whiteboard and markers, Handouts with key terms and definitions, Computer or mobile device with internet access

Teaching and Learning Procedure:

Engage: Introduction

• Introduce the topic of financial institutions by asking students if they know what a financial institution is and what types of financial institutions exist in Jamaica.
• Provide a brief overview of the lesson plan and its objectives.

Explain: Lecture and Discussion

• Define financial institutions and provide examples of financial institutions in Jamaica such as commercial banks, credit unions, building societies, and insurance companies.
• Explain the different services offered by financial institutions in Jamaica such as savings accounts, loans, insurance, and investment services.
• Discuss how financial institutions in Jamaica are regulated by the Bank of Jamaica.
• Encourage discussion and questions throughout the lecture.

Explore: Activity

• Divide students into pairs or small groups.
• Assign each group a different type of financial institution in Jamaica.
• Instruct the groups to research their assigned institution and prepare a brief presentation on its history, services, and current offerings.
• Allow time for the groups to research and prepare their presentations.

Elaborate: Presentations

• Have each group present their findings to the class.
• Encourage questions and discussion following each presentation.

Evaluate:

• Recap the main points covered in the lesson.
• Provide students with a list of key terms and definitions related to financial institutions in Jamaica for them to review.
• Assign homework that asks students to research a financial institution in Jamaica of their choice and write a short paragraph explaining its services.

Assessment:

• Students will be assessed based on their participation in class discussion and their group presentation.
• Homework assignments will be graded based on completion and accuracy.

Day Three & Four:

Learning to Complete Deposit and Withdrawal Slips

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

Complete blank deposit and withdrawal slips.

Please the Content Outline for lesson plans below.

Materials: Whiteboard and markers, Handouts with sample deposit and withdrawal slips, Play money (optional), Pens and pencils

Teaching and Learning Procedure:

Engage: Introduction

• Introduce the topic of deposit and withdrawal slips by asking students if they know what they are used for and why they are important.
• Provide a brief overview of the lesson plan and its objectives.

Explain: Lecture and Discussion

• Explain what deposit and withdrawal slips are used for and the information that needs to be included on them.
• Show examples of blank deposit and withdrawal slips and explain how to fill them out correctly.
• Provide guidance on how to count and record money accurately.
• Encourage discussion and questions throughout the lecture.

Explore: Activity

• Distribute blank deposit and withdrawal slips to each student.
• Provide play money (optional) to practice counting and recording transactions.
• Instruct students to complete the deposit and withdrawal slips for different transactions, such as depositing money into a savings account or withdrawing money from a checking account.
• Walk around the classroom to provide assistance and answer questions.

Elaborate: Peer Review

• Instruct students to exchange their completed deposit and withdrawal slips with a partner.
• Have each student check their partner’s slip for accuracy and completeness.
• Encourage constructive feedback and discussion.

Evaluate:

• Recap the main points covered in the lesson.
• Provide students with a list of key terms and definitions related to deposit and withdrawal slips for them to review.
• Assign homework that asks students to create a deposit or withdrawal slip for a transaction of their choice.

Assessment:

• Students will be assessed based on their ability to complete deposit and withdrawal slips accurately and completely.
• Peer review and class participation will also be taken into consideration.

Please the Content Outline for lesson plans below.

Lesson Plans for Other Subject Areas:

Mathematics – Gr.4, Mathematics – Gr.5