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Learning how money circulates

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Age group

Students ages 10 and 11

When

April and May

Time required

7 hours

Broad areas of learning

Citizenship and community life

Activity summary

Students learn how money circulates through an interactive game. They find out the difference between saving and borrowing and learn about Quebec’s socio-historical context in 1900.

Financial skills

  • Understand the money cycle
  • Understand that money is earned by working

Competencies

Subject-specific competencies targeted

Discipline

Competency

Progressions of learning

Social Studies

Understanding the organization of a society in its territory

Québec society around 1905

Mathematics

To reason using mathematical concepts and processes

  • Matches a decimal number with a fraction or percentage

  • Adding and subtracting decimal numbers

Subject-specific competencies targeted

  • English Language Arts- To use language to communicate and learn

Cross-curricular competencies

  • Cooperates with others

Preparation

Students find out the difference between saving and borrowing and learn about quebec’s socio-historical context in 1900.

 

Time required

60 minutes

Teaching material

Where does money come from? [VIDEO]

Task 1

Learn about money circulation

Task 1 objective

By the end of this task, students will be able to understand the differences between using their savings and borrowing money to make purchases.

Instructions

  • Show the students the video.
  • Discuss what they know about the circulation of money.

Questions to ask:

  • How do we earn money?
  • What can we do with the money we earn (spend it or save it)?
  • How can we acquire things (with money earned or saved)?
  • What do we do when we buy goods and we don’t have enough money to pay for them (we borrow money)?

 

Time required

120 minutes

Teaching material

Looking Back on Alphonse Desjardins and Rural Life in 1900 [PDF] - 342 Ko

Task 2

Learn about rural life in 1900

Task 2 objective

By the end of this task, students will be able to use socio-historical reference points related to the creation of Alphonse Desjardins’s cooperative.

Instructions

  • Divide the students into 6 teams.
  • Give each team one part of the Looking Back on Alphonse Desjardins and Rural Life in 1900 worksheet
  • Give the teams time to answer the questions.
  • Encourage the students to find a photo to support their research.
  • Give the teams some time to prepare a presentation for the rest of the group.
  • Ask each team to present their findings.

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Development

Students learn safe financial practices when using payment methods and share them with their peers.

 

Time required

90 minutes

Teaching material

Cash From the Past Game [PDF] - 273 Ko

Task 1

Play a game about the past

Task 1 objective

By the end of this task, students will become familiar with the basics of economics. This task consists of playing a game that will show students that money circulates, is obtained by working and can be borrowed.

Instructions

  • Divide the class into four or five teams so everyone can play. Students can also play in small groups of five or six players.
  • Explain the game to the students.
  • Distribute the material.
  • Distribuer le matériel.
  • Play!
  • While playing the "Cash From the Past" Game, students are managing a village and have to make financial transactions to help the village flourish. They focus on saving and investing to reach their goal. The game ends when a village reaches its goal.
  • Print and cut out the cards and dollars in advance. Print 14 copies of the Dollars page and cut the bills out to ensure you have enough for the entire class.
  • Review the game with the students. What difficulties did they run into? What were the best solutions? What caused the winning village to succeed?
  • At the end of the game, the desired goal is for students to understand the transactions between villages: saving, purchasing, and borrowing, and the circulation of money.

Evaluation

Students apply the concepts learned by solving a math problem.

 

Time required

60 minutes

Teaching material

Mr. Auger’s Account Statement [PDF] - 63 Ko

Task 1

Evaluate a problem-solving procedure through a math problem

Task 1 objective

By the end of this task, students will be able to complete calculations involving decimal numbers in response to a money-related problem.

Instructions

  • Distribute Mr. Auger’s Account Statement sheet to each student.
  • Read the task description with the students.
  • Give them time to complete the task.
  • Collect the copies and correct them using the evaluation grid.