Mathematics & EconomicsMath and Econ HeaderNational Council on Economic Education
Connections for Lifetable bgGrades 3-5Grades 6-8Grades 9-12
spacer
spacer

Resources by Lesson

Lesson 4: Pizza on a Budget

Overview:

This lesson focuses on budgeting (economics) and basic operations (mathematics). The students participate in a mouth-watering budget activity while they use estimating skills and practice identifying costs and benefits. Using a budget work sheet, they work in small groups to plan a class pizza party. They review basicoperations skills using money as they make decisions about refreshments for the party.


Visuals:

Visuals in PDF Visual 4.1 to 4.4 (PDF - 148 KB)

Student Activities:

Activities in PDF Activities 4.1 to 4.4 (PDF - 155 KB)
You'll need:
  • Note: Visual 4.2 is the same as Activity 4.1, and both must be prepared ahead of time. Write the names of two familiar pizza locations and one supermarket that sells pizza on Visual 4.2. Write the same information on Activity 4.1 before making copies. If you plan to have a pizza party, you will need to make your own versions of these materials with local pizza options and prices for party items. Visual 4.3 is the same as Activity 4.2, and Visual 4.4 is the same as Activity 4.3.
  • One copy of Activity 4.1 for each group of students
  • One copy of Activities 4.2, 4.3 and 4.4 for each student

Literature Connections:

Murphy, Stuart. Betcha!: Estimating. HarperTrophy, September 1997. (ISBN: 0-06446-707-4)

Murphy, Stuart. Coyotes All Around. HarperTrophy, 1st edition, September 2003. (ISBN: 0-06051-531-7)



You Can BANK on This! (Part 2)
As in the first 'You Can BANK on This,' you will learn that banking should not be confusing - it should be INTERESTING! Lesson Two will continue lear...
Grade: 3-5    Published: 06/20/2005


Learning Economics with Minecraft: Choices, Costs and Benefits
Students will explore making choices by evaluating the costs and benefits and identifying the opportunity cost of decisions in the real world and by b...
Grade: 3-5    Published: 02/14/2017


Toys for Me: A Lesson on Choice
Students encounter the concept of scarcity in their daily tasks but have little comprehension as to its meaning or how to deal with the concept of ...
Grade: K-2 3-5    Published: 04/21/2004


Open for Business!
This engaging lesson gives students the opportunity to identify risks and rewards of entrepreneurship and distinguish between entrepreneurs who start ...
Grade: K-2 3-5    Published: 08/13/2014


Trouble is Brewing in Boston - "Colonial Voices: Hear Them Speak"
It's December 16, 1773 and many of the citizens of Boston are furious with King George's new tax on tea. Young Ethan, a printer's errand b...
Grade: K-2 3-5    Published: 01/27/2011


Related Print Lessons


The following lessons come from the Council for Economic Education's library of print publications. Clicking the publication titles will take you to the Council for Economic Education Store for more detailed information.

Mathematics & Economics: Connections for Life - 3-5Mathematics & Economics: Connections for Life - 3-5
Grade: 3-5   Published: 2005
3 of the 12 lessons are related to this lesson. They are listed below.


Lesson 2: Choices, Choices
This lesson focuses on decision making (economics) and introduces surveying as a method of data collection (mathematics). After analyzing data on a sample topic, the students use a decision-making gri...
Lesson 6: Bookmark Profit
This lesson focuses on profit (economics) and basic operations (mathematics). Working in small groups, the students act as companies and produce bookmarks. They decide which resources to purchase to p...
Lesson 9: How Much Time?
This lesson focuses on opportunity cost (economics) and graphs (mathematics). The students review terms related to measuring time and convert a time schedule into a pie chart, or circle graph. The stu...

Financial Fitness for Life: K-2 - Teacher GuideFinancial Fitness for Life: K-2 - Teacher Guide
Grade: K-2   Published: 2010
3 of the 16 lessons are related to this lesson. They are listed below.


Theme 3: Lesson 11 - Ads Make Us Spend
The students explore the role of advertising in the marketplace. They examine various forms of advertising and discover why companies advertise their products. They watch television commercials in ord...
Theme 2: Lesson 4 - Money Lets Us Choose
The students listen to a short story that introduces difficulties involved in making choices. Using a grid, the students discuss costs and benefits as they make choices. (The class uses an apron as a ...
Theme 3: Lesson 10 - We Plan for Spending
The students explore planned and unplanned spending. They construct traffic lights and use them as props in describing consumers' spending decisions as planned or unplanned. They discuss the costs and...

Financial Fitness for Life: Grades 3-5 - Teacher GuideFinancial Fitness for Life: Grades 3-5 - Teacher Guide
Grade: 3-5   Published: 2010
4 of the lessons are related to this lesson. They are listed below.


Theme 4: Lesson 14 - Managing Money
The students examine cases in which income is limited and people must therefore make choices about how to manage their money.
Theme 4: Lesson 13 - Buddy, Can You Spare a Dime?
The students decide how they would respond to various lending situations. In assessing these situations, they learn about what to consider in decisions about lending and borrowing. They analyze, from ...
Theme 2: Lesson 4 - The Grasshopper and the Ant
In reading and discussing an adaptation of Aesop's fable 'The Grasshopper and the Ant,' the students learn about the trade-off between satisfying wants today and planning for the future. They use the ...
Theme 3: Lesson 7 - To Choose Is to Refuse
By participating in a readers' theater activity, the students learn about opportunity cost as a key factor in decision making. They use the concept of opportunity cost in a related simulation activity...

Economics & Entrepreneurship: Operating a Classroom Business in the Elementary and Middle SchoolEconomics & Entrepreneurship: Operating a Classroom Business in the Elementary and Middle School
Grade: K-8   Published: 2008
1 of the lessons are related to this lesson. It is listed below.


Chapter 5 - Closing the Business
In this chapter, the students close their business. The first goal of the chapter deals with the concept of profit. A second goal of this chapter is to give teachers suggestions and ideas for making i...

Energy, Economics, and the Environment: Case Studies and Teaching Activities for Elementary SchoolEnergy, Economics, and the Environment: Case Studies and Teaching Activities for Elementary School
Grade: 3-6   Published: 2006
3 of the lessons are related to this lesson. They are listed below.


Unit 1: Basic Economic Concepts
One of the main purposes of this Energy, Economics, and the Environment (EEE) curriculum is to help students understand the economic implications of basic public policy issues concerning forests, wate...
Unit 2: Trees and Forests
Trees and forests are a vital natural resource and affect our lives in innumerable ways. Therefore, it is very important that we learn how to manage our forest resource effectively. Fortunately, fores...
Unit 3: Water Resources
In this unit, students explore the value of our water resources. Students learn how water resources can become polluted and they investigate the costs involved in cleanup. Students also learn that it ...

Financial Fitness for Life: 9-12 - Teacher GuideFinancial Fitness for Life: 9-12 - Teacher Guide
Grade: 9-12   Published: 2010
0 of the lessons are related to this lesson. They are listed below.


Basic Economics Test: Examiner's Manual - 5-6Basic Economics Test: Examiner's Manual - 5-6
Grade: 5-6   Published: 2010
0 of the na lessons are related to this lesson. They are listed below.


Financial Fitness for Life: Grades 3-5 - Student WorkbookFinancial Fitness for Life: Grades 3-5 - Student Workbook
Grade: 3-5   Published: 2010
0 of the lessons are related to this lesson. They are listed below.


Financial Fitness for Life: Grades 6-8 - Student WorkbookFinancial Fitness for Life: Grades 6-8 - Student Workbook
Grade: 3-5   Published: 2010
0 of the lessons are related to this lesson. They are listed below.


Financial Fitness for Life: Grades 6-8 - Teacher GuideFinancial Fitness for Life: Grades 6-8 - Teacher Guide
Grade: 3-5   Published: 2010
0 of the lessons are related to this lesson. They are listed below.


What Personal Finance Is About: The Economics of Financial Decision MakingWhat Personal Finance Is About: The Economics of Financial Decision Making
Grade: K-12   Published: 2009
9 of the lessons are related to this lesson. The top 5 are listed below.


Test of Understanding in College Economics: Examiner's ManualTest of Understanding in College Economics: Examiner's Manual
Grade: 13+   Published: 2007
7 of the lessons are related to this lesson. The top 5 are listed below.


Risky Business DVDRisky Business DVD
Grade: 9-12   Published: 2007
7 of the lessons are related to this lesson. The top 5 are listed below.


What Economics Is About: Understanding the Basics of Our Economic SystemWhat Economics Is About: Understanding the Basics of Our Economic System
Grade: K-12   Published: 2006
6 of the na lessons are related to this lesson. The top 5 are listed below.


Energy, Economics, and the Environment: Case Studies and Teaching Activities for High SchoolEnergy, Economics, and the Environment: Case Studies and Teaching Activities for High School
Grade: 9-12   Published: 2006
6 of the lessons are related to this lesson. The top 5 are listed below.


Financial Fitness for Life: Test Booklets CD-ROM - Grades3-12Financial Fitness for Life: Test Booklets CD-ROM - Grades3-12
Grade: 3-12   Published: 2005
5 of the lessons are related to this lesson. They are listed below.


Financial Fitness for Life: Test Examiner's Manual - Grades 9-12Financial Fitness for Life: Test Examiner's Manual - Grades 9-12
Grade: 9-12   Published: 2005
5 of the lessons are related to this lesson. They are listed below.


Financial Fitness for Life: Test Examiner's Manual - Grades 6-8Financial Fitness for Life: Test Examiner's Manual - Grades 6-8
Grade: 6-8   Published: 2005
5 of the lessons are related to this lesson. They are listed below.


Virtual Economics: Version 3.0Virtual Economics: Version 3.0
Grade: K-12   Published: 2005
5 of the lessons are related to this lesson. They are listed below.


Financial Fitness for Life: Test Examiner's Manual - Grades 3-5Financial Fitness for Life: Test Examiner's Manual - Grades 3-5
Grade: 3-5   Published: 2005
5 of the lessons are related to this lesson. They are listed below.


Test of Economic Literacy: Examiner's Manual - 11-12Test of Economic Literacy: Examiner's Manual - 11-12
Grade: 11-12   Published: 2001
1 of the na lessons are related to this lesson. It is listed below.


Test of Economic Knowledge: Examiner's Manual - 7-9Test of Economic Knowledge: Examiner's Manual - 7-9
Grade: 7-9   Published: 1987
7 of the na lessons are related to this lesson. The top 5 are listed below.


top ^

 

spacer
Copyright © 2002-2023. Council for Economic Education. All rights reserved.
About | Resources | Contact Us | Home