Module 21-Social Studies 4B - Course Guide

Module Overview:

In this module, students will learn about natural, human, and capital resources. They will learn about opportunity cost and investments. Students will learn how consumers make decisions and about budgeting. Students will learn about earning and saving money. Students will identify good and bad reasons to borrow money, define what renting is and list properties to be rented, and explain credit.

Module Materials:

Lesson # Lesson Title Material(s)
1 Types of Resources completed business plan from Modules 19 and 20
pen or pencil
2 Opportunity Cost and Investments completed business plan from Modules 19 and 20
pen or pencil
3 Making Decisions and Budgeting completed business plan from Modules 19 and 20
pen or pencil
4 Earning and Saving Money crayons or colored pencils
pen or pencil
5 Borrowing, Renting, and Credit crayons or colored pencils
pen or pencils

Module Objectives:

Lesson # Lesson Title Objective(s)
1 Types of Resources
  1. Apply knowledge of types of resources to their business.
2 Opportunity Cost and Investments
  1. Apply knowledge of opportunity cost and investment to their business.
3 Making Decisions and Budgeting
  1. Apply knowledge of economic choices to their business and create a personal budget.
4 Earning and Saving Money
  1. Identify reasons for saving money and how to save money.
5 Borrowing, Renting, and Credit
  1. Identify good and bad reasons to borrow money.
  2. Define what renting is and list properties to be rented.
  3. Explain credit.

Module Key Words:

Key Words
natural resources
human resources
capital resources
opportunity cost
financial investment
incentive
decision
budget
personal
wages
commission
deposit
borrowing
renting
credit

Module Assignments:

Lesson # Lesson Title Page # Assignment Title
1 Types of Resources 8 Expand Your Business Plan
2 Opportunity Cost and Investments 8 Business Plan: Cost and Investments
3 Making Decisions and Budgeting 5 Business Plan: Budget
4 Earning and Saving Money 6 Money Poster
5 Borrowing, Renting, and Credit 9 To Borrow or Not?

Learning Coach Notes:

None

Module Guiding Questions:

When a student starts a lesson ask them questions to check for prior knowledge and understanding and to review concepts being taught. At the end of the lesson ask the questions again to see if their answer changes.

Lesson Title Question
Types of Resources
  1. What types of resources are available to businesses?
Opportunity Cost and Investments
  1. What is opportunity cost?
  2. What is an investment?
Making Decisions and Budgeting
  1. How do consumers make decisions?
  2. How do they budget?
Earning and Saving Money
  1. How do you earn money?
  2. Why is it important to save money?
Borrowing, Renting, and Credit
  1. What are borrowing, renting, and credit?

Module Video Questions:

When a student watches a video take time to ask them questions about what they watched. Suggested questions for the videos in this module are listed here. Suggestion: Have the student watch the entire video first all the way through. Then have them watch the video a second time, as they watch it pause the video and ask the questions.

Lesson Title Video Question
Making Decisions and Budgeting Budgeting
  1. What is a budget?
  2. How do you make a budget?
Earning and Saving Money Saving Money
  1. Why is it important to save money?

Module Suggested Read Aloud Books:

Take time to read to your student or have them read aloud to you. Read a different book each day. While reading the book point out concepts being taught. You may purchase these books or find them at your local library. Suggested things to discuss while reading the book:

  • What is the main idea?
  • What are three things new you learned?
  • How does this book relate to what you are learning about?

# Book Author Lexile Level

Module Outing:

Take some time to apply what your student is learning to the real world. Suggested outings are below.

# Outing