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Grade 3-5
,
Lesson

Shark Scam: Money Tales

Time: 45 mins,
Updated: April 19 2024,
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Objective Standards Summary
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Objective

The student will be able to:

  • understand the importance of investigating before investing.
  • understand the terms money, scam, and Ponzi Scheme.

Standards

National Standards in Economics

National Standards in Financial Literacy

State Standards

Concepts

Buying Goods and Services, Circular Flow 1, Circular Flow 2, Exchange Rates, Goods and Services 1, Incentives 1, Investing 1, Money 1, Money 2

A giant tortoise learns that if something sounds too good to be true, it usually is. Whitey and Cahoots, two sharks, convince giant tortoise Arlene to invest in their sure-fire, money-making scheme. Arlene takes the bait. So do all her friends, and they discover the hard way what a Ponzi scheme is.

In this lesson, students decide which business ideas from the book sound like a good investment and that they will have the opportunity to determine which idea they would consider investing in.

Play BINGO with these concepts from the Money Tales books.

Subjects:
Economics,Personal Finance

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