Understanding how money works is a second grade, Common Core math skill: 2.MD.8. Below we show two videos that demonstrate this standard. Then, we provide a breakdown of the specific steps in the videos to help you teach your class.
Your students will have learned how to measure objects through non-standard units, like using paperclips to measure a pencil (1.MD.1). They should also be able to compare objects using terms like longer, shorter, longest, and shortest (1.MD.2).
In the future, understanding how to measure objects with a ruler will help your students expand on and apply the concept elsewhere. Students will be able to make a line plot, measure objects, and place those measurements on the plot (2.MD.9). Your students will also be able to use rulers marked with halves and fourths of an inch (3.MD.3) and apply “linear measurement to measure perimeter and area” (3.MD.5- 8).
Common Core Standard: 2.MD.8 - Solve word problems involving dollar bills, quarters, dimes, nickels, and pennies, using $ and ¢ symbols appropriately
Students who understand this principle can:
2 Videos to Help You Teach Common Core Standard: 2.MD.8
Below we provide and breakdown two videos to help you teach your students this standard.
Video 1: Counting and Comparing Coin Values
The video starts by explaining that we use money everywhere: banks, stores, arcades, etc.. The lesson teaches students how to identify a value of a set of coins and then compare it to the value of another set of coins.
First, the video introduces pennies, nickels, dimes, and quarters, stating their value and showing both sides of the coins. It also explains that though the dime is smaller than the penny, it is worth more.
Then, the video counts sets of each coin, showing students how to count their values.
Next, the video presents a group of coins. It starts by counting the quarters since they have the highest value; then it adds the other coins values in descending value.
The video offers another example of counting coins, totalling 37¢. Then, it asks students to compare two sets of coins and identify which group has higher value, using greater and less than symbols.
Video 2: Helping Edward Count Coins and Dollar Bills
The video starts by explaining what each coin values: pennies (1 cent), nickels (5 cents), dimes (10 cents), and quarters (25 cents). The “¢” is the symbol for cent and goes after the number.
Boddle also explains that 100¢ is equal to 1 dollar. However, instead of a coin, we use a dollar bill to represent 1 dollar ($1), and the dollar sign is placed before the number.
To practice what students have just learned, Boddle helps Edward count the value of coins he found.
Edwards then spends 2 dimes and 1 quarter on snacks. The viewers are asked to find how much money he now has left.
Want more practice?
Give your students additional standards-aligned practice with Boddle Learning. Boddle includes questions related to Comparing and Measuring Lengths plus rewarding coins and games for your students to keep them engaged. Click here to sign up for Boddle Learning and create your first assignment today.
*Information on standards is gathered from The New Mexico Public Education Department's New Mexico Instructional Scope for Mathematics and the Common Core website.