Barter & Trade Lesson Plan

Subject: Social Studies- Economics/Financial Literacy

Grade: K-3rd Grade

Objectives:

SS.300.40.02 Economic Systems and the Role of Government in the Economy

• a.1 Identify markets that are not face-to-face meetings, such as Internet shopping, phone ordering, or catalog shopping.
• a.2 Describe how countries around the world trade in the global market.

Instructional Procedures:

Barter and Trade:

1. 1. Briefly review Goods & Services lesson.
   2. Let the students know that today we are going to talk about the history of money, barter and trade. http://tinyurl.com/pqo83nf  or http://tinyurl.com/zjonotc 
   3. Have the students sit on the carpet and watch this video. Pause at the following times to ask question and allow time for discussion.

1. 1. :28 seconds pause the video – (What was the last thing you bought? How did you pay for it)
   2. :59 seconds pause the video – (What is barter/trade?)
   3. 1:22 – (What are some of the forms of money we use today?)
   4. 1:29 – (How does money not have value?)
   5. 1:49 – (What is a trade? What sort of things could you trade?)
   6. 2:22 – (Do you think the clerk will take their new money?)
   7. 2:45 – (What is currency?)
   8. 2:57 – (Why do you think he let them have the bear?)
   9. 3:24 – (What is another word for skill?) (answer – services)
   10. 4:43 – (What were two ways we still trade today?)
   11. End of the video – (Why wouldn’t Mrs. Coin take the bed sheet set?)
   12. (Why do you think they traded instead of using money?)
2. Wrap up the lesson by having the students write a paragraph about what they learned for today’s lesson.

Assignment (Independent Practice)/Homework:

Make a list of things that you could barter or trade for something else. Create another list on things that you would want to trade for. Write a couple sentences about the video you watched today and what some of the terms meant.