TEKS 2.11E: Lending
Lending
About this lesson
Learning Target: I can identify examples of lending and understand the benefits and costs.
Focuses On:
- Identifying examples of lending
- Outlining the benefits and costs of lending
Builds On:
While there is not a direct connection to a first grade standard, the goal of the personal financial literacy standards are for students to manage financial resources effectively for lifetime financial security.
Next Level:
3.9D:
Explain that credit is used when wants or needs exceed the ability to pay and that it is the borrower’s responsibility to pay it back to the lender, usually with interest
Read More:
This lesson is designed to support student understanding of lending.
The two instructional blocks in this lesson focus on examples of lending and the benefits and costs of lending.
In the first instructional block, students are presented with different scenarios and they practice identifying who is borrowing and who is lending.
The second instructional block focuses on the various benefits and costs of lending. Students are presented with scenarios and then are tasked with identifying both the benefit and cost of lending in each scenario.
Scaffolds such as supported expressions and visual models are intentionally built throughout the lesson to support conceptual learning.
Grade 2MathTEKS 2.11E