- Learn important terminology related to the American economic system, including “credit,” “debt,” and “Bailout Bill”
- Learn how to recognize the impact the current economic crisis has on families, investors, and others
- Computer(s) with Internet access
Set Up and Prepare
- Preview the Special Report prior to the lesson.
Step 1: Ask students to share and discuss any economic news they may have heard lately. List key words that come up, such as Bailout Bill, mortgage, or stocks, on the board or interactive whiteboard. Explain that students will be using an online Special Report to better understand these terms and the entire economic crisis.
Step 2: Have students independently read the crisis overview and economic glossary. Then, challenge them to complete the interactive word-search game, which reviews 10 main economic words. Review answers.
Step 3: Divide the class into three groups and have each group explore a section of the Special Report. If you have a large class, have students read their assigned section independently, then meet with the other members of the group to highlight key points. Have each group summarize its section for the rest of the class.
Step 4: When students have finished, invite them to share their questions.
Have students choose any publicly traded company. Ask them to find out the company's stock symbol, then check websites or the financial section of the newspaper for daily stock quotes.
Send home a note letting parents know about the economy-related resources available at Scholastic News Online. The articles, glossary, and budget tips are tools that parents can use to discuss the crisis at home.