IV. Economic Standards and Student Learning Outcomes: The Standard of Learning addressed was EPF.14 (a) The student will demonstrate knowledge of the role of insurance in risk management by a) evaluating insurance as a risk management strategy. The lesson objectives were: 1) students will know that insurance can only reduce financial risk but not any other kinds of risk--bad haircuts and heartbreaks will still happen! 2) students will understand buying insurance is a paradox -- the best case scenario is not to have to use the insurance you purchase. 3) students will be able to decide when and whether to purchase insurance and will experience the consequences of their decisions. V. Instructional Process: At the start of the insurance unit, I made a Google form to collect the students’ ideas of good and bad things that could happen in life, some that would be financial and others that did not involve money. I used the student-generated scenarios to create game cards that Barbie would draw as she rolled the dice and landed on various squares of the game board. The game board is made of posterboard with colored squares of paper that matched the colored cards. On the sample game board, all the spaces are blank; you just draw the color card on which you’ve landed. Teachers can also write in onto the spaces, like in Monopoly (e.g. thanks Barbie for “events” “someone something nice she did: +2 Joy”). See the pictures on this page and next. I used real Barbie dolls as the game pieces that moved around the board. My high school students got a big kick out of using the actual dolls. The silliness of playing with dolls made the seriousness of the subject matter more fun. covering many different types of insurance from auto to life to homeowners, we played the Barbie’s Keepin’ It Real game as a culminating activity. VI. Evaluation of Student Learning: The completion of the feedback Padlet, along with the student’s participation in the game, revealed the student’s level of understanding and engagement. Appendix: A. Resources:
IV. Economic Standards and Student Learning Outcomes: The Standard of Learning addressed was EPF.14 (a) The student will demonstrate knowledge of the role of insurance in risk management by a) evaluating insurance as a risk management strategy. The lesson objectives were: 1) students will know that insurance can only reduce financial risk but not any other kinds of risk--bad haircuts and heartbreaks will still happen! 2) students will understand buying insurance is a paradox -- the best case scenario is not to have to use the insurance you purchase. 3) students will be able to decide when and whether to purchase insurance and will experience the consequences of their decisions. V. Instructional Process: At the start of the insurance unit, I made a Google form to collect the students’ ideas of good and bad things that could happen in life, some that would be financial and others that did not involve money. I used the student-generated scenarios to create game cards that Barbie would draw as she rolled the dice and landed on various squares of the game board. The game board is made of posterboard with colored squares of paper that matched the colored cards. On the sample game board, all the spaces are blank; you just draw the color card on which you’ve landed. Teachers can also write in “events” onto the spaces, like in Monopoly (e.g. “someone thanks Barbie for something nice she did: +2 Joy”). See the pictures on this page and next. I used real Barbie dolls as the game pieces that moved around the board. My high school students got a big kick out of using the actual dolls. The silliness of playing with dolls made the seriousness of the subject matter more fun. covering many different types of insurance from auto to life to homeowners, we played the Barbie’s Keepin’ It Real game as a culminating activity. VI. Evaluation of Student Learning: The completion of the feedback Padlet, along with the student’s participation in the game, revealed the student’s level of understanding and engagement. Appendix: A. Resources:
2015-Lesson-Barbies-Keepin-It-Real-Pederson.docx