Why Does Money Have Value?

Overview Procedures for Teachers Organizers

The lesson plan will teach middle school students why money has value, as well as how money is used as a medium of exchange. The lesson will also include an emphasis on the psychology of why money has value. Students will also consider how different currencies are valued. As an extension activity, they can research different countries' currencies and exports.

Grade Level:
Grades 6-8

Time Allotment:
3 classes at 45 minutes per class

Subject Matter:
Math, Finance, Economics

Learning Objectives

Students will: Standards

1. National Council of Teachers of Mathematics Principles and Standards for School Mathematics

Number and Operations Problem Solving Communication Representation Connections 2. Mid-continent Research for Education and Learning (McREL)

Benchmarks for Economics
This lesson was prepared with the support of Citi Foundation.

Written by: Melissa Donohue

Overview | Procedures for Teachers | Organizers