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Students learn basic economics with a classroom economy.

 

 

MONEYINSTRUCTOR-NOMICS
CLASSROOM ECONOMY:
Attaching Value to Money

 

An introduction to economics and attaching value to money (the MoneyInstructor-Buck).

Teaching Objectives:

  • Students will define barter as the act of exchanging goods or services in return for other goods or services.
  • Students will define money as a currency used for exchange for goods and services.
  • Students will generate a list of goods and services that could be purchased with MoneyInstructor-Bucks.
  • Students will begin to generate ideas of things they can do to earn MoneyInstructor-Bucks.
  • Students will begin to associate value to the MoneyInstructor-Buck.

Suggested Grades:

Second Grade - Third Grade - Fourth Grade - Fifth Grade

 
 

 

ATTACHING VALUE TO MONEY LESSON PLAN

 


Teaching Materials

  • Lesson -Attaching Value to the MoneyInstructor-Buck (see below for printable lesson)

  • Printable Play Money



Lesson Excerpt:

Introduction:

Before societies used money, people bartered for the items they needed that they could not provide for themselves.  To barter means to trade goods or services in exchange for other goods or services.   For example, if one person needed meat and their neighbor needed grain, the meat could be exchanged for the grain.  However, bartering only works if both people want to barter at the same time and have the exact item the other party needs. As a society developed, one item often became important to everyone.  This valuable item was usually hard to find or was available only in small quantities; often shells, beads, animal skins, or grain.  People began to trade the valuable in exchange for goods that they needed.  The valuable item became money.  

 

Continued...

 


 


Lesson Printable Materials - Worksheets

Print out the teaching lesson pages and exercise worksheets for use with this lesson:
  

ATTACHING VALUE TO MONEY

Attaching Value to the MoneyInstructor-Buck Lesson *

Printable lesson worksheet and activity.

 

 

 

 

 

 

 

 

 

 

 

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