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Colonial Marketplace
Source: EconFun | Type: lesson
Students will participate as children of colonial farmers in a simulation of a market. They will first barter, exchanging the goods they “produced” for other goods. Then, in a second round, they will trade again, using money as the medium of exchange. Lesson 10 from Adventures in Economics and U.S. History, Volume 1.
Grades:
Concepts:
- Barter
- Exchange
- Markets
- Money
- Trade
Standards:
- Economics 5: Gain from Trade
- Economics 7: Markets - Price and Quantity Determination
- Economics 11: Role of Money
Related Resources:
Reviews
This lesson takes a lot of preparation time, but is worth every minute.
It is an activity that gets better each time you teach it.
I suggest introducing this lesson with the new book, “Colonial Voices: Hear Them Speak” by Kay Winters.
After reviewing this lesson I found that it was a fun, hands-on lesson for children. I think they would enjoy the activities while learning a lot of useful information!
After reading the lesson it seemed like it would be fun and something to hold the students attention. I look forward to teaching it.
I wish my teachers would have implemented this kind of hands on activity when I was younger. It really gives a the kids a better perspective of how money works instead of just making them do a few worksheets and memorization.
One of my students was searching for a lesson to connect with the Thanksgiving studies in the class she was teaching. It was her first time to teach. She chose this lesson. It worked very well for her as a new teacher. She taught fourth grade students. She recommends this lesson to others!
This lesson looks fun and hopefully easy to relate.
