Students learn the basics of money from who uses it and why, to its manufacture and design. A brief history of money and an overview of supply and demand are also included in this module.

Key Concepts

  • Money is what we use to obtain the things we need. Money is our currency of exchange and comes in the form of coins and bills.
  • Trading & Bartering is what people did before money existed. It is a way of getting something we need by trading it for something we have. For example, you could trade your apple for your friend's banana.
  • Producers are people who make things that others need and want. For example, someone produced the pencil that you are using today.
  • Consumers are people who use the things others produce. You are the consumer of the pencil you are using today.
  • Supply is how much of something is available.
  • Demand is how much of something people want.
  • Supply & Demand work together. For example, if you have 3 hats and your friends want 2 of them the supply is 3 and the demand is 2. But it works the other way as well. Sometimes the demand is greater than the supply; meaning sometimes people want more of a product than what is available.

Download key concepts pdf

Session 1: What is Money?

Duration: 30 minutes

Objectives

  • To learn what people used before money
  • To understand why people began using paper and coin currency
  • To identify the basic components of a dollar bill

Downloadable materials (pdf)

Presenter outline
Classroom activities

Session 2: How We Use Money

Duration: 30 minutes

Objectives

  • To distinguish between the roles of producers and consumers
  • To understand the influence of supply and demand