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Here you can learn something to educate the children about money!
INTRODUCTION
Money is anything use as a medium of exchange, what money can do, for buying, saving, and investing. People will have many difficulties to measure the value of the good when they will to exchange one good or services to others. When people need goods or services, they have to notice how much money they have to provide for the number of the goods or services they need.

ECONOMIC CONCEPTS
Money
Medium Exchange

GRADE
Grade 4

BENCHMARK
1. Money is anything widely accepted as final payment for goods and services
2. Money makes trading easier by replacing barter with transactions involving currency, coins, or checks
3. People consume goods and services, not money; money is useful primarily because it can be used to buy goods and services.

OBJECTIVES
1. Define the money
2. Explain the function of the money
3. Explain the various kind of money

LESSON DESCRIPTION
Student need some goods and services everyday, they need something that could be accepted by others in exchanged with the goods and services they want, this is what we call money. Money also can measure the value of goods.

TIME REQUIRED
60 minutes

MATERIALS
• various snack or good ( like doll ) that preferred to student
• something that could be used as money (candy or others)
• Activity 1

PROCEDURE
1. Divide the student into 2 groups A and B having equal number of members
2. Distribute various interesting goods like chocolate, balls, toys for all members in group A and for group B distribute various kind of candies in various numbers and colors.
3. For every group A and B explain to each student that they may exchange the goods they have to others having the same value like for instance the value of 1 chocolate is equivalent to 2 balls.
4. Make a discussion to the student of what will going to happen if they exchange there goods to a bigger value of goods like horses, cars, properties etc. then ask what are the difficulties they encounter while doing it. With these we can gather different kinds of opinions/answer, others may say it is difficult while some will say it can be done but with a condition they have to accomplish several requirements
5. Announced to the student that they can do the exchange of goods again but by this time the medium of exchange they use is candies with different colors and having different values like for example the value of 1 yellow candies is equivalent to 2 green candies and 1 green candies is equivalent to 3 red candies and 1 red candies is equivalent to 4 blue candies and so on.
6. Now announced to the student again that they have to exchange candies having different values with other goods like toys, chocolate, fruit etc. as an example they can exchange 6 red candies to 1 toy and 2 yellow candies to 1 chocolate and so on.
7. By this time ask the student how they fell to do such a thing is it easy for them or difficult and make a comparative with the first batch by which they have to exchange goods with goods, ask how if the candies will be change with other material can it be use as a medium of exchange or not.

CLOSURE
8. Briefly explain that :
a. barter or natural exchange rises many difficulties, exchange using another material is more easier
b. anything used as a medium of exchange is called money
c. money also can be use as a measurement to the value of goods

ASSESSMENT

Distribute one copy of Activity to each student and allow time for students to complete the Activity - 1


ACTIVITY/- 1
Answer the following Question True if you agree with the statement, and False if you disagree with the statement.

1. Money is anything used as a medium of exchange (True/False)
2. Exchange of goods with goods is more easier than using money (True/False)
3. Money can be use to measure the value of goods (True/False)

KEY ANSWER
1.. True
2. False
3. True