1. ECONOMICS: April 23
Warm-up Is it easier to buy a product by bartering or by using money? Why? Economics Learning Target In order to understand how money has evolved over time to meet the needs of people everywhere, I will analyze the different types, characteristics, and functions of money. I will know I have it when I can: (1) differentiate between the use of bartering, commodity money, and fiat money; (2) explain the three functions of money; and (3) explain the four characteristics of money.
Introduction to Money (through 4:48) Money, Banking, and Gold Standard (HO)
--Basic history and vocabulary; Functions of money; Characteristics of modern money
Fiat money (2:10)
The Gold Standard
--Definition; Advantages; Disadvantages
Assignment Read Ch. 10, Lesson 2 (the gold standard)