Lesson Plan for Student Teaching Demo in Economics

1. Sa Simula : BARTER
–
Sinaunang paraan ng pagpapalitan ng
mga prudokto at serbisyo

2. 9000-6000 B.C. : Baka
–
–
Anyo ng pera na masisilayan sa
buong kasaysayan
Pinakalumang pera ng kasaysayan

3. 1200 B.C.: Cowrie Shells
• shell ng mollusk na makikita sa
Pacific & Indian Ocean
• Unang ginamit na pera sa China
at mga parte ng Africa

4. 1000 B. C. : First Metal Money & Coins
–
–
–
Bronze
and
copper
cowrie
imitations were manufactured in
China at the end of Stone Age
These first metal monies developed
into primitive versions of round
coins
Chinese coins made of base metals
often containing holes so that they
can be carried

5. 500 B.C. : Modern Coinage
–
–
–
–
Made of precious metals such as
silver, bronze and gold
Stamped with various gods &
emperors to mark authenticity
First appeared in Lydia (Turkey)
Copied and refined by the Greeks,
Persian, Macedonian and later the
Roman Empire

6. 118 B.C. : Leather Money
–
–
Used in China in the form of one-footsquare pieces of white deerskin with
colored borders
First documented type of banknote

7. 806 A.D. : - Paper Currency
–
First known banknotes appeared in China

8. 1500 A.D.: Potlach
– Comes from Chinook Indian custom in North
America
– A ceremony where there are dances, feasts,
exchange gifts and other public ritual

9. 1535 A.D. : Wampum
–
strings of beads from clam shell
known to be used by North American
Indians

10. 1816 – The Gold Standard
–
–
Officially made the standard of value
in England in 1816
Production of standard banknotes
represented a certain amount of gold

11. 1930 : End of Gold Standard
–
–
–
Massive depression of the 1930's, felt
worldwide marked the beginning of the
end of the gold standard
Gold standard was revised and price
of gold devalued
Complex international monetary
regulation began

12. Present: Fiat Money
Without intrinsic use value as a
physical commodity and derives value
by being declared by government as
legal tender

13. End………

14. The Money Timeline
Beg 9000 6000
Present
BCE
1200 1000 500 118
AD 1500 1535 1816
806

15. Functions of Money
Medium of exchange
and
Widely accepted in exchange for goods
services in a market
Unit of account
which we measure our economic transactions,
such as prices
Store of value
possesses value that can be stored and retrieved
over time

16. What is money?
•
•
Anything
commonly
accepted in exchange
for goods and services
Anything that is widely
used
for
making
payments
and
accounting for debts and
credits. Davies, 2002

17. Functions of Money
Specific functions (mostly micro-economic)
1)
Unit of account /Measure of Value
• A benchmark used to designate
prices of goods
• Prices are stated in terms of money
2) Medium of exchange
• Accepted in exchange for good and
services

18. Functions of Money
3) Standard for deferred payment

Money is used as a standard
benchmark for specifying future
payments for current purchases

Buying now paying later
4) Store of value
• Can be used to accumulate wealth

19. Conclusion
Throughout history, money has taken many different
forms such as cows and other livestock, cowrie shells,
leathers, copper, silver, gold coins, paper and now cards.
It's function has also changed from just being used in barter
trading to store of wealth. Presently, the four functions of
money have been summed up in a couplet which says:
Money is a matter of functions four, a medium, a measure,
a standard and a store. Therefore, money has changed in
function and form throughout different eras and generations
of history and continue to develop up to this day.

20. Review Questions:
1) How did money originate?
2) How did money changed
through the course of
history?
3) What were the limitations of
the earlier forms of money?
4) What are the four functions of
money?

21. References:
Davies, Glyn. A history of money from ancient times to the present
day, 3rd ed. Cardiff: University of Wales Press, 2002.
http://www.oswego.edu/~edunne/340chapter3.html/
http://library.thinkquest.org/28718/history.html
http://howstuffworks.com
http://internetmarketingforwarnerrobins.com/
edbiado.blogspot.com
http://www.xtimeline.com/evt/view.aspx?id=59897
http://www.squidoo.com
http://www.pbs.org/wgbh/nova/ancient/history-money.html
http://www.scribd.com/doc/71900956
http://www.xtimeline.com/evt/view.aspx?id=59879
http://www.smosh.com/smosh-pit/knowledge
http://www.youtube.com/watch?v=3FMHh6T86GE
http://numismondo.com/articles/