ALEX | Alabama Learning Exchange

Escape From the Barter Islands

Classroom Resource Information

Title:

Escape From the Barter Islands

URL:

https://www.clevelandfed.org/learningcenter/escape-from-barter-island

Content Source:

Other
Federal Reserve Bank of Cleveland

Type:

Interactive/Game

Overview:

This interactive game from The Federal Reserve Bank of Cleveland teaches students the fundamentals of a barter system and the value of a uniform and acceptable currency. Players must help Robbie, who’s stranded on the Barter Islands, purchase a sail for his boat and return home by trading coconuts, apples, bananas, fish, bread, and more. The game can be played in English or Spanish. This game can be played when teaching a lesson on the role of money in everyday life.

Content Standard(s):

Social Studies
SS2010 (2010)
Grade: 1
Living and Working Together in Family and Community and State

10 ) Describe the role of money in everyday life.

• Categorizing purchases families make as needs or wants

• Explaining the concepts of saving and borrowing

• Identifying differences between buyers and sellers

• Classifying specialized jobs of workers with regard to the production of goods and services

• Using vocabulary associated with the function of money, including barter, trade, spend, and save

Unpacked Content

Strand: Economics

Course Title: Living and Working Together in Family and Community and State

Evidence Of Student Attainment:

Students:

Understand the primary role of money in everyday life.
Categorize family purchases as needs or wants.
Explain the purpose of saving and borrowing.
Identify the differences between buyers and sellers.
Classify specialized jobs in relation to the product of goods and services.
Use vocabulary that is associated with the function of money.

Teacher Vocabulary:

money
needs
wants
saving
borrowing
buyers
sellers
specialized jobs
goods
services
barter
trade
spend
save

Knowledge:

Students know:

How money plays a role in everyday life.
The difference between goods and services (for example, goods- food, toys, clothing; services - medical care, fire protection, law enforcement, library resources).
How money is the primary way to make purchases.
How money is earned through working (for example, job, chores, etc.).
The difference between purchases of needs and wants within their family.
How people save and borrow money.
How to differentiate between a buyer and seller.
Vocabulary: money, needs, wants, saving, borrowing, buyers, sellers, specialized jobs, goods, services, barter, trade, spend, save

Skills:

Students are able to:

Recognize the primary role of money in everyday life.
Identify and describe needs and wants.
Describe saving and borrowing.
Describe buyers and sellers.
Describe the role specialized jobs play in the production of goods and services.
Identify and use appropriate vocabulary associated with the function of money (for example, barter, trade, spend, save).

Understanding:

Students understand that:

Money plays a role in everyday life.
Families make purchases of needs and wants. Students understand the concept of saving and borrowing.
There is a difference between buyers and sellers.
We can classify the specialized jobs of workers with regard to production of goods and services.
There is an appropriate vocabulary to use to describe the function of money.

Alabama Alternate Achievement Standards

AAS Standard:
SS.AAS.1.10- Identify the role of money.

Tags:

barter, currency

License Type:

Custom Permission Type
See Terms: https://www.clevelandfed.org/en/privacy/privacy-and-terms-of-use.aspx
For full descriptions of license types and a guide to usage, visit :
https://creativecommons.org/licenses

Accessibility

Video resources: includes closed captioning or subtitles

Comments

The Federal Reserve Bank of Cleveland is a free website. There are links to additional resources for teachers on the website. No registration is required.

This resource provided by:

Author:

Ginger Boyd

ALEX Classroom Resource

Escape From the Barter Islands