Where Money Comes From
Essential Questions
Standards of Learning
Social Studies
Objectives
Money: Coins, paper bills, and checks used in exchange for goods and services
Materials
Procedures for Learning Activities
Introduction – (10 minutes)
Services = work done for others for money
* In a successful barter, everyone is happy with his or her exchange.
* Money = Coins (draw all coins), Paper bill (draw any paper bill), and checks (draw a check)
Formative Assessment
Differentiation
Technology Integration
- What are goods?
- What are services?
- What is the difference between bartering and money exchange for goods and services?
Standards of Learning
Social Studies
- 2.8 The student will distinguish between the use of barter and the use of money in the exchange for goods and services.
Objectives
- Students will be able to identify goods and services.
- Students will be able to give examples of goods and services.
- Students will be able to compare money and barter exchange
Money: Coins, paper bills, and checks used in exchange for goods and services
Materials
- Social Studies notebook
- Smarboard - Brain POP Jr. video titled Goods and Services
- Gift/chore draw and label activity (see attached)
- Fill in the blank notes (if needed)
- Social Studies textbook
- Goods and services Smartboard activity - Link
- Trading game cards (see attached)
- Exit Slip (see attached)
Procedures for Learning Activities
Introduction – (10 minutes)
- Give students the gift/chore draw and label activity.
- Students will glue this into their Social Studies notebook.
- Watch Brain POP Jr. video titled Goods and Services (the video also provides a quick review for resources and a small introduction to money)
- Discuss the video and draw and label activity. Ask: What are goods? What are services? How do we get goods and services? Where do we get money? Talk about how the gift is an example of a good and the chore, an example of a service. (Review from first grade).
- Take notes on Social Studies notebook
Services = work done for others for money
- Call students to come up to the Smartboard and work on activity on slides 6 through 13.
- Read The Story of Money on page 98 of textbook. Discuss how people survived without stores and money. Ask: How did people obtain goods and services before they began to use money? What are the different types of money we have?
- Take notes in Social Studies notebook.
* In a successful barter, everyone is happy with his or her exchange.
* Money = Coins (draw all coins), Paper bill (draw any paper bill), and checks (draw a check)
- Play the trading game in groups of five. Give students trading game cards. Students decide whether they want to trade items such as computer, soccer ball, pencil, 5 dollars, 100 dollars, a gold ring, a notebook, and a watch. After the trade they need to say if it was a barter or money exchange.
- Exit slip - Students answer these questions: What did you trade during the trading activity? Was this an example of barter or money exchange? (Students can also draw the items they traded)
Formative Assessment
- Gift/chore draw and label activity
- Observations while students are playing the trading game
- Exit slip
Differentiation
- Choice to draw or write
- Fill in the blank notes
Technology Integration
- Brain POP Jr.
Introduction Activity L3 | |
File Size: | 42 kb |
File Type: | docx |
Trading Game Cards L3 | |
File Size: | 178 kb |
File Type: | docx |
Money and Barter Notes (optional) L3 | |
File Size: | 47 kb |
File Type: | docx |