• Learning Objectives

• Given a list of 4 countries, 1 of which is the richest country in the world, students must be able to identify the richest country accurately in 5 minutes.

• Given the name of the poorest country, students must be able to know a factor from the module why it is the poorest country accurately in 7 minutes.

• Given 1 vocab word, students must be able to correctly define it in 3 minutes.

• Audience

• 3rd Grade Students

• Learning Environment

• Students have access to computers

• They are familiar with Word, Powerpoint, and Internet

EXTRA INFORMATION

• Why is money important?

• Where does it come from?

• Which country is the richest?

• Which country is the poorest?

FRANKLIN THE FISH’S ADVENTURE EXPLORING ECONOMICS!

Franklin’s Map

What is money?

Richest and poorest countries

Evaluation

Next there will be a video that will show you how the main characters in this story met! Enjoy the video!!!

Franklin’s Adventure!

Helpful Symbols!

Advance to next page!

This is Franklin, make sure that you stay with him on his adventure so he doesn’t get lost!

This is Fred, he will be the tour guide on Franklin’s adventure!

This paper will take you to a list of all the helpful vocabulary words you and Franklin will discover!

This symbol will take you back to the beginning of the module.

Return to previous page!

• Where money comes from

• The importance of money and why people use it

• Needs vs. wants

• Richest and Poorest Countries

• Supply and demand

DURING FRANKLIN’S ADVENTURE, YOU WILL LEARN ABOUT…

Click the button to begin Franklin’s adventure!

What is money?

What is that on the end of the line of your fishing pole Fred?

Money. It is something that is used and accepted as a medium of exchange, it is official currency that is often used to purchase items. The more money somebody has, the wealthier they are. Everybody loves money.

What is money?

***Every time you see a word in red, click on the paper in the upper right hand corner to view the word’s definition.

So why do people use money?

What is money?

What is money?

It is used so that people can buy and sell things, to either spend or make money. Helping them benefit in the process.

What is money?

Come with me Franklin, I’ll show you some more interesting facts about money!

The Adventure Begins!

First, you need to know that the money is created in the National Treasury that is located in Washington D.C. Here is a picture of the National Treasury and a video that shows how money is created! Watch the video!

Jobs

Where do you get your money from Fred?

Jobs

Good question Franklin. I get my money from the bank, because that is where I work. Below is a picture of a bank. Banks also play a big role with other peoples’ money. Click on the bank to learn more about what they are.

Jobs

Here are two pictures of two different banks. Banks are used by people to put in and take out money when they need to. Banks also play an important role for people who want to save their money, because they can store it safely inside banks. Then they don’t have to worry about it getting lost or stolen.

Jobs

Also, since I work at the bank, it is considered my job. A job is something that all people should have to make money!

Jobs

Also, different jobs pay different amounts. Some more, some less, based on the quality of work. The least a job can pay is known as minimum wage.

Jobs

Do you remember where money is made?

A. White House B. New York

C. Bank D. National Treasury

That is not the correct answer!

Hint* Try thinking back to video you watched where money was created. Where was this taking place. Also, do you think the word treasure could possibly relate to money? Try again!

Your answer is correct!!

The answer is the National Treasury because this is where all the money in the United States is created! Good job!!

Richest and Poorest Countries

Now that I know where money is made, do you know what country is the richest in the world?

Richest and Poorest Countries

Good question. The answer is Qatar. The reason is because Qatar is dependent on petroleum! This contributes to a lot of its earnings because a lot of other countries need petroleum from Qatar.

Petroleum Qatar

I bet you are now wondering which country is the poorest in the world. The answer to that question is the Democratic Republic of the Congo. The reasons are because of their

overpopulation, low education, and debt.

Richest and Poorest Countries

DebtDemocratic Republic of the Congo

Richest and Poorest Countries

People who live in Qatar have many wants. Wants are items that we don’t need to survive, but they would be nice to have. Here are some pictures of wants.

Richest and Poorest Countries

Which of these items is not a want?

A. Luxurious Car

B. Boat

C. Food

D. Mansion

That is not the correct answer!

Hint* Think about which of these items we need to survive. Which one of these items do you use everyday to give you energy and stay alive? Try again!

That is the correct answer!!

Food is the correct answer because it is necessary that we eat food to stay alive. Unlike a boat, pool, or nice car, food is something that everybody needs to remain healthy. If something is necessary for survival, it is considered a need!

Richest and Poorest Countries

Here are some pictures of some needs you see on an everyday basis.

Richest and Poorest Countries

Franklin, would a $200 pair of shoes be an example of a need or a want?

A. Need

B. Want

Your answer is not correct!

A $200 dollar pair of shoes would be an example of a want because they are very overpriced. They would probably be very nice shoes, and you don’t need nice shoes. You need a regular pair of shoes that you won’t spend too much money on to be considered a need.

Keep Going!

Your answer is correct!

You do not need to spend $200 dollars on a pair of shoes. It would be more reasonable to buy a $50 dollar pair of shoes then use the rest of the money to buy another need. Good job!

What if I have to purchase a need, but do not have enough money for it?

Richest and Poorest Countries

Richest and Poorest Countries

Then Franklin, you need to lower your spending habits and start saving your money. If you save your money and let it accumulate over time, then you will have enough money to buy what you needed. Possibly even more! Saving is a great thing!

Richest and Poorest Countries

Another concept that you should understand is supply and demand! Supply and demand plays a key role in the process of how things are bought and sold. It is a very important part of economics! Watch this video!

Richest and Poorest Countries

Which would be an equal rate of supply and demand?

A. 5 people, 10 hamburgers

B. 6 beds, 2 people

C. 7 headphones, 7 people

That is not the correct answer!

Hint* Think about the words in the question. Do any of the words relate to the numbers that are shown? Think about these words: Rate, Equal, Demand. Do any of these match up correctly with any answers? Try again!

Your answer is correct!

7 headphones being used for 7 people would be an equal rate of supply and demand! The reason is because there is not any extra being asked for, or any less being used. Many companies overshoot the supply rate, just to make sure there is enough for the people. Having a equal rate of supply and demand is a companies dream! Good job!

Evaluation

Which of these is an example of a need?

A. Pop

B. Smoothie

C. Ice Cream

D. Water

Your answer is not correct!

Hint* Think about what is needed for survival and good health. The item something that sounds good to eat or drink may not always be the best choice. Try again!

Your answer is correct!

Water is the correct answer! Water is vital for human life, and is not only a need to humans, but many animals as well. Unlike the other choices, water is the cheapest and is the most healthy for us. Although it may not taste as good as the other items, it’s the smart purchase in the situation.

Evaluation

Which is a factor that makes the Democratic Republic of the Congo the poorest country in the world?

A. Overpopulation

B. Animals

C. Beliefs

D. Religion

Your answer is not correct!

Hint* Try and remember some of the factors that were discussed previously in this module. Think of a reason that would make a country poor, possibly by having limited resources. Which answer goes hand-in-hand with having limited resources?

Your answer is correct!

Overpopulation is a huge problem in the Democratic Republic of the Congo because it makes resources scarce for all people. There are limited resources in the Democratic Republic of the Congo. This, and overpopulation hurt the economy making them the poorest country in the world.

Evaluation

What is the richest country in the world?

A. United States of America

B. Australia

C. Iceland

D. Qatar

Your answer is not correct!

Hint* Think about a country that is rich in petroleum and that was discussed earlier in the module. This countries resources help make it very wealthy, and separate itself from many places economically. Try again!

Your answer is correct!Qatar is the world’s richest country because it is rich in petroleum and many other countries in the world need that resource. Therefore, Qatar reaps the profits of petroleum from other countries! Good job!

Congratulations Franklin! The adventure through basic economics has ended! Thank you for coming along my adventure with me, I know so much more about economics!

Helpful Vocabulary List Money- Something accepted as a medium of exchange, official

currency. Bank- A place to keep your money in that keeps it safe. Minimum Wage- The least a job can pay somebody at an hourly rate. Wants- Items that we don’t need to survive, but are nice to have. Needs- Something that people must have to survive. Saving-Holding on to the money that you earn, and letting it grow over

time by not spending it. Supply- How much is available of an item. Demand- How much of an item people want. Job- Position in which a person gets paid from employment.