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Grade 3-5
,
Lesson

Shark Scam: Money Tales

Time: 45 mins,
Updated: April 19 2024,
Author: Lynne Stover
Teacher Version
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

Financial Investments, Goods and Services, Money

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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