Alexander, Who Used to Be Rich Last Sunday
Source: Council for Economic Education (EconEdLink) | Type: Lesson
In the story, Alexander, Who Used to Be Rich Last Sunday, Alexander receives a dollar from his grandparents that he plans to save, but he spends it all, a little at a time. In this lesson, students count by 2s to fill a container with 100 pennies. They are asked whether 100 pennies is the same amount of money as one dollar. They listen to the story, and as Alexander spends his money, students come up and remove the correct number of pennies from a container. At the end of the story, students are again asked if 100 pennies is the same amount of money as one dollar. Students discuss the choices that Alexander made and give advice on how he could save his money to reach his goal of buying a walkie-talkie. We would like to thank the Federal Reserve Bank of St. Louis for allowing us to reprint this lesson. Visit [EEL-link id='4797' title='Econ Lowdown™' ] , the Federal Reserve Bank of St. Louis’ website of award-winning, free classroom resource for use by pre-K through college educators who teach economics, personal finance, money and banking, and the Federal Reserve.
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