Through the use of folk tales, history, and the students' own experiences, students will recognize the inter-relatedness of goods, services, money. They will locate information about barter as a means of trade, use folk tales as an historical instrument.
The level of output in an economy can be increased through specialization. Economic specialization occurs when people produce different goods and services than they consume. It requires people to exchange goods and services.
Agent Pincher: The Case of the UFO--Unfamiliar Foreign Objects. That is what currency from another country may look like. Sometimes when people first try to use money from another country, they feel like they are playing with toy money-it is a different size, color, and shape, compared to one's own national currency, and it often comes with unfamiliar writing. As a special agent, your job is get the facts on these UFOs and compile a profile for guide book for your section.
The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.
Designed primarily for elementary and middle school students, each of the 15 lessons in this guide introduces an economics concept through activities with modeling clay.
11 out of 17 lessons from this publication relate to this EconEdLink lesson.
This publication contains complete instructions for teaching the lessons in Choices and Changes, Grades 5-6. The Choices and Changes series is designed to help students understand how the U.S. economy works and their roles in the economy as consumers, savers and workers.
7 out of 15 lessons from this publication relate to this EconEdLink lesson.
This publication contains fourteen lessons that use a unique blend of games, simulations, and role playing to illustrate economics in a way elementary students will enjoy.
6 out of 16 lessons from this publication relate to this EconEdLink lesson.