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Procedure To Do Something

Friday, February 1, 2008
1. Divide the student into 2 groups A and B with 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 what will going to happen if they exchange there goods to a bigger values of goods like horses, cars, properties etc. then ask what are the difficulties they incounter 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 has to undergone several requirements
5. Announce to the student 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 announce to the student again they have to exchange candies having different values with goods like toys, chocolate, fruit etc. as an example they can exchange 6 red candies to toys 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 comparation with the first batch which they have to exchange goods with goods, ask how if the candies will be change with other material can 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


Activity
Answer the following Question True if you agree with the statement, and False if you disagree with the statement.