This video teaches the concept of Money. Money is anything that is used to buy and sell goods and services. In different times and places, many different items have served as money: gold, silver, shells, cattle, tobacco and printed paper currency.

Key Concepts

Exchange, Monetary Policy, Money, Federal Reserve

OTHER RELATED LESSONS

The Family Vacation

Students will take a surprise trip around the world. As they travel, they will use clues to discover where they are going. They will then figure out how much money they have spent in U.S. dollars, using exchange rates.

Grades 6-8, 9-12

Bill, Are You Bogus?

In a barter system, people have to trade goods and services for other goods and services. In an economy that produces millions of goods and services, barter is very difficult. Think of all the stuff (goods and services) you have.

Grades 3-5, 6-8

Focus on Economic Data: The Federal Reserve and Monetary Policy, October 29, 2014

This lesson utilizes the October 29, 2014, statement of the Federal Reserve's Federal Open Market Committee (FOMC) to explore the Federal Reserve's twin goals of price stability and full employment. This lesson discusses the recent announcement of the end of the QE3 bond buy-back and the rational...

Grades 9-12

The Trading Game

In this lesson, students will learn about the gains from trade. Students will participate in a trading game that will demonstrate that trade can make everyone better off.

Grades 6-8, 9-12

Who Is Ben Bernanke?

This lesson introduces students to the Chairman of the Federal Reserve System, Ben Bernanke. It describes briefly his involvement within the Federal Reserve.

Grades 9-12