Money–What Is It Good For?

Overview:

In this lesson, we will look at the concept of money. Students will develop their own definition of money, which we will then compare and contrast with official economic definitions of money. Students will think about what it means to “store value” and act as a “medium of exchange.” Based on this definition, students will consider whether several historical examples of “money” fit the official economic definition. Finally, discussion will revolve around the article “Kiva: Improving People’s Lives One Small Loan at a Time.”

NBEA Standard(s):
  • Economics, IV. Markets and Prices

Lesson Plan Details:

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