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Personal Finance: Teaching Econ is Fun!

Personal Finance: Teaching Econ is Fun! preview
Personal Finance: Teaching Econ is Fun! preview
Personal Finance: Teaching Econ is Fun! preview 2

Look Inside · 10 pages

Cover of the included money booklet from the Federal Reserve Bank of Dallas, part of Everyday Economics
Cover of the Federal Reserve reading booklet
Opening barter illustration in the booklet lists general store trades, including 8 carrots for 5 onions
Opening illustration of barter exchanges
Reading page 1 defines money and introduces bartering through trades involving beef, bread, and shoes
Reading page 1: money and a world of barter
Reading page 2 explains barter conditions and introduces money's three uses, detailing medium of exchange
Reading page 2: barter conditions and money's uses
Reading page 3 explains unit of account and store of value, with a glossary defining five money terms
Reading page 3: two money functions and a glossary
Reading page 4 introduces six characteristics of money and explains why currency must be durable and portable
Reading page 4: durability and portability
Reading page 5 explains four more characteristics of money: divisible, scarce, uniform, and acceptable
Reading page 5: four additional money traits
Reading page 6 introduces types of money and explains commodity money using cows, wheat, silver, and gold
Reading page 6: types of money and commodities
Reading page 7 explains representative money backed by commodities and bank deposits as electronic money
Reading page 7: representative and electronic money
Reading page 8 examines inflation and deflation, with a CPI shopping list and basket costs from 1950 to 2010
Reading page 8: inflation and changing prices
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About This Product

Introduction to Personal Finance: Dive into MONEY!

This lesson serves as the kickstart to my personal finance module. While it's primarily an introductory session, it can seamlessly fit into any personal finance curriculum. The core theme explores the complexities of a barter-based economy and delves into the reasons we pivot to using money, accompanied by a precise definition of money.

It's a dynamic and captivating lesson. It includes a light-hearted skit, where students, and optionally the teacher, illustrate the pitfalls of bartering. Following the skit, the spotlight shifts to understanding the essence of money and its significance. With hands-on demonstrations, students get a chance to actively participate, ensuring they remain engrossed and involved throughout the session.

What is included?

  • -The Goat Farmer and Chicken Farmer skit (props not included :-)

  • -a power point that will define money and the challenges of a barter economy

  • -a Federal Reserve bank publication titled: "MONEY", this is a must have resource when teaching about money!

I use this resource in my 7th grade classroom, but it could be used in almost any middle or high school class. This has been a successful lesson in my economics class for almost 20 years. Teaching economics is fun!

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