Lesson Plan

• Describe the three functions of money and explain their importance in economic transactions.
• Identify and compare the key characteristics that make an item suitable as money.
• Distinguish between the different forms of money (commodity, representative, fiat, bank, electronic) and give examples.
• Explain how banks create money through the deposit multiplier and the role of the reserve ratio.

• Projector and screen
• Whiteboard and markers
• Printed handout with summary table
• Sample images of coins, notes, and digital‑wallet screenshots
• Worksheet for matching activity
• Calculator (optional)

Begin with a quick question: “If you had no cash, how could you buy a coffee?” Use this hook to recall that money facilitates exchange. Review that students already know money is a medium of exchange, unit of account, and store of value. State that by the end of the lesson they will be able to list money’s functions, characteristics, and forms.

1. Do‑now (5'): Think‑pair‑share on historical items used as money.
2. Mini‑lecture (10'): Slides covering the three functions and key characteristics of money.
3. Group activity (15'): Matching cards of money forms to definitions; create a collective mind‑map.
4. Demonstration (10'): Explain the money multiplier with a simple numerical example on the board.
5. Guided practice (10'): Worksheet questions applying functions and characteristics to real‑world scenarios.
6. Check for understanding (5'): Kahoot quiz or exit‑ticket question summarising the lesson.

Summarise the functions, characteristics, and forms of money and revisit the money‑multiplier illustration. Ask students to write one key takeaway on an exit ticket. For homework, assign a short research task: find a modern example of electronic money and explain how it meets the characteristics discussed.