Key Stage 2 Mathematics - Understanding money and financial literacy

Objectives:

• To understand the concept of money and financial literacy.
• To be able to recognize and use different types of currency.
• To practice the skills of making change and solving real-life financial problems.

Materials:

• Whiteboard and markers
• Play money and coins
• Worksheets for independent practice

Introduction (10 minutes):

• Review the previous lesson on graphs and data analysis.
• Introduce the concept of money and financial literacy.
• Show different types of currency on the board and ask the students to identify them.

Guided Practice (15 minutes):

• Provide several examples of making change and solving real-life financial problems.
• Have the students practice making change for a given amount.
• Ask the students to solve simple real-life financial problems, such as how much money is needed to buy a specific item.

Independent Practice (20 minutes):

• Distribute the worksheets and have the students complete the tasks independently.
• The worksheets should include tasks such as making change and solving real-life financial problems.
• Circulate around the room to provide individual support to students who need it.

Closure (5 minutes):

• Call on a few students to share their answers and provide feedback.
• Summarize the key points of the lesson and emphasize the importance of understanding money and financial literacy in mathematics.

Assessment:

• Observe the students during independent practice to gauge their understanding of the concept.
• Correct the worksheets to assess their understanding of the skills practiced.
• Provide individual or group feedback to the students based on their performance.