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Financial Knowledge

Can you finish market day role-play in about 30 min?

Market Day Role-Play

You will this activity teaches children how to make informed shopping decisions by simulating a market environment.

Duration30 min
Age GroupAges 6–7
DifficultyIntermediate
SubjectFinance
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Concept

What this lesson teaches

This activity teaches children how to make informed shopping decisions by simulating a market environment. They learn to distinguish between needs and wants while managing a budget, crucial for financial responsibility.

Materials

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    Steps

    How the activity runs

      Why It Works

      The learning connection

      Role-playing helps solidify understanding through embodied cognition, as children physically engage in shopping behaviors. By setting budgets and making choices, they experience the decision-making process firsthand, reflecting Vygotsky's scaffolding theory.

      Extend the Lesson

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      1. Create a budget of ₹50 for shopping. 2. Gather household items to serve as products (like fruits, toys, etc.). 3. Label each item with a price. 4. Take turns being the shopkeeper and the shopper. 5. Use the budget to 'purchase' items, keeping track of expenses. 6. Discuss what items were needs and which were wants after the shopping trip.

      Financial Knowledge30 minAges 6–7Grade 1Sign in to save this activity
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