Economics Take out your notebook and date a page 3/17/15 and label it Intro to Money.

Slides:

Advertisements

Similar presentations

Money & Banking Chapter 10 Section 1 Money.

Advertisements

Money, Banking & Finance Section 1: Money. What is Money? You probably think of money as the coins and bills in your wallet or the paycheck you receive.

Money In this lesson, students will be able to identify characteristics of money. Students will be able to identify and/or define the following terms:

Do Now What do the following terms have to do with money? Goods

Chapter 10 – Money and Banking

Unit 5 Microeconomics: Money and Finance Chapters 10.1 Economics Mr. Biggs.

Chapter 10: Money and Banking Section 1

KECSSMs. Murren Economics 12/5/11 Outcome SWBAT the three uses of money SWBAT identify and explain the six characteristics money SWBAT identify the sources.

FrontPage: Consider what money is used for. Could anything else be used in its place? The Last Word: No homework; quiz next week; business presentation.

Section 1 The Evolution of Money

Economics 11-2 Early Banking and Monetary Standards Pages

Money makes the world go around

Money Objectives Describe the three uses for money

MONEY BARTER ECONOMY MONEYLESS, TRADE-BASED ECONOMY.

MONEY Money & Banking.

What is Money? Economies have evolved into the use of money because Money reduces transaction costs and time. The “double coincidence of wants” is too.

Anything that serves as a medium of exchange, a unit of account, and a store of value What is Money?Money.

The Functions and Characteristics of Money

Chapter 10, Section 1 Money and Banking Three Uses of money. Six characteristics of money. Kinds of money.

Today In Class You will need a Econ book during class. Finish test corrections (10 minutes) Unit 3 Vocabulary – Due November 3 – Quiz & Flash cards Notes.

Money 10.1 money video money video money video “He who loses money, loses much; He who loses a friend, loses much more; He who loses faith, loses all”

Money Dollar, Dollar Bills…Ya’all!. Focus Questions What is Money? What Can Be Used As Money? What characteristics are necessary for something to be good.

The Evolution of Money 1. Some examples of money before there was money? Problems with barter The birth of money S1S1.

Chapter 11 Money and Banking Section 1:

MONEY. Define Money? Coins and Bills? Economists define money in terms of its three uses 1) Medium of Exchange 2) Unit of Account 3) Store of Value.

 Money can be anything that has these three things… › A Medium of exchange – must determine value during an exchange  Without money we must barter=trade.

Ch Notes: History of Money = $10 (half ounce gold) Costs $729 = $1.

  You own a blue ray player, but want an ipod Barter vs. Money.

The Evolution of Money And Monetary Standards. Money A barter economy is moneyless and relies solely on trade. A barter economy is moneyless and relies.

Do now: Take a new guided notes packet. Think…What do you already know about money? Agenda: Do now Guided notes  What is money? Video You create! HAPPY.

Functions of Money Medium of Exchange –Money is accepted by all parties as payment for goods and services Measure of Value –Money can be used to express.

Unit IV The Financial Sector

Money and Banking Evolution of Money.

Chapter10: Money & Banking

Economics: Chapter 10 Money and Banking

Money and Banking Chapter 11.

[ 6.1 ] The Role of Money.

Money and Banking Chapter 11.

Chapter 14 Money & Banking

Do Now Get out your notes: Ch. 11: Government Intervention in the Economy.

The Evolution of Money.

The Measurement and Time Value of Money

The Evolution of Money Chapter 11 Section 1.

Monetary and Fiscal Policy

“Money is the lifeblood of the economy”

Writing Assignment 3 paragraphs 60%

Chapter 14 Review Money and Banking.

Money and Banking Chapter 10.

Copyright Information

Chapter 11 Money!.

Money Properties and Functions

Money, Banking & Finance

Writing Assignment 3 paragraphs 60%

The Evolution, Functions and Characteristics of Money

Chapter 14 Review Money and Banking.

Who’s On The Bills?.

Money and Banking.

Unit IV The Financial Sector

$Money$ Chapter 10 Section 1 What is money?

Money and Banking Functions of Money

ECONOMICS Chapter 14.1: The Functions and Characteristics of Money Learning Target: Understand the different uses, characteristics and types of money.

Money By: Ben Quick.

Chapter 10: Money and Banking Section 1

Money and Banking Chapter 14.

Agenda Bellringer Review Questions Textbook reading: Money

Presentation transcript:

Economics Take out your notebook and date a page 3/17/15 and label it Intro to Money

Draw the following flow chart Functions characteristics

1. What are some of the uses of money? 2. Take out some money (if you have some). Examine it and explain some of its characteristics. 3. Describe what can be found on a dollar bill. 4. List some of the different types of currency in other countries.

What is Money? Medium of Exchange.

What is money? Measure of Value

What is money? Store of value

Characteristics of Money Portability Durability Divisibility Limited Availability Acceptability Uniformity

Early and Colonial Money

Early and Colonial Money Shells, dog teeth, fishhooks, tea leaves-commodity money. Coins-fiat money. Wampum Paper Currency Specie-money in the form of coins.

Source of Money’s Value Commodity Money-used for something else. Representative Money-can be exchanged for gold. Fiat Money-has value because the government says it does.

Ticket Out the Door 1. List the six characteristics of money. 2. What type of money is commodity money? 3. What are the three uses for money? 4. What type of money is fiat money? 5. What are the advantages of silver certificates?