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In this lesson, students view a video on the characteristics and functions of money Based on the information they learn, they work in small groups to analyze a series of scenarios and determine which characteristic or function of money is being described
There is a lack of diversity in the field on economics, which limits the range of perspectives during research and policy discussions. Without diverse perspectives, economists are in danger of not identifying key parts of a problem and not considering a full array of solutions.
In this lesson, students learn about Benjamin Franklin's role in shaping and understanding of the role of money in the economy. By participating in a trading activity, students learn about bartering, characteristics and functions of money, and inflation.