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Lesson Plan for Student Teaching Demo


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Lesson Plan for Student Teaching Demo in Economics

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Lesson Plan for Student Teaching Demo

  1. 1. Sa Simula : BARTER – Sinaunang paraan ng pagpapalitan ng mga prudokto at serbisyo
  2. 2. 9000-6000 B.C. : Baka – – Anyo ng pera na masisilayan sa buong kasaysayan Pinakalumang pera ng kasaysayan
  3. 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. 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. 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. 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. 7. 806 A.D. : - Paper Currency – First known banknotes appeared in China
  8. 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. 9. 1535 A.D. : Wampum – strings of beads from clam shell known to be used by North American Indians
  10. 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. 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. 12. Present: Fiat Money Without intrinsic use value as a physical commodity and derives value by being declared by government as legal tender
  13. 13. End………
  14. 14. The Money Timeline Beg 9000 6000 Present BCE 1200 1000 500 118 AD 1500 1535 1816 806
  15. 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. 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. 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. 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. 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. 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. 21. References: Davies, Glyn. A history of money from ancient times to the present day, 3rd ed. Cardiff: University of Wales Press, 2002.