Adventures in Economics: Exploring the World of Money and Trade
We're excited to share the exciting journey our 2nd-grade students have embarked upon this term, as they've delved into the fascinating world of economics, money, trade, and the global marketplace. They are currently embarking on an inquiry into how their economic activities not only affect them but the world around them as well.
Understanding Needs, Wants, Goods, and Services
Our students have been actively exploring the fundamental concepts of needs and wants, goods and services. Through engaging activities and discussions, they've gained a deeper appreciation for the things we require for survival and those that enhance our lives. Creating their own profile of a person, they identified the wants, needs, goods and possible services that this person would use. We also used popular games like Monopoly and Game of Life to help students understand concepts like spending and saving, risk and reward as well as critical thinking and planning.
Barter Day: A Lesson in Negotiation and Exchange
One of the most unforgettable experiences was our Barter Day. On this special day, our young economists put their newfound knowledge into practice. They worked diligently to create unique products to barter with their classmates and even their teachers! It was a day of lively negotiations, where they learned the art of compromise, communication, and the joy of fair exchange.
A Trip to Yokohama Port Museum
As part of our exploration, we embarked on an enriching field trip to the Yokohama Port Museum to further bring our topic to life. Here, our students learned firsthand about the bustling world of trade and the vital role that ports play in our lives. They were captivated by the stories of global exchange, the significance of the port, and how it connects us to people and products from all over the world. It was a day of discovery, where they realized the profound impact of economic activities on our interconnected world.
One of the standout moments of our exploration was Money Day. It was a day filled with wonder and discovery as our young learners delved into the world of money. Thanks to the generosity of our students' families and the support of our wonderful teachers, we had the opportunity to explore currencies from many different countries. Our classrooms transformed into vibrant marketplaces as students engaged in hands-on activities that taught them about the value, history, and unique features of various currencies. From Malaysian Ringgit to Japanese Yen, and even the Trinidad and Tobago Dollar, our students had the chance to examine, compare, and appreciate the rich diversity of global currencies.
As we continue our journey through this unit, our students are eager to explore economic choices made by individuals and communities and the impact of these choices on our interconnected world. They'll be diving into topics like marketplace dynamics, sustainable consumer choices, and the ways in which economic decisions shape our society. We will also go on a field trip to the Bank of Japan Currency Museum.
We're incredibly proud of our 2nd-grade scholars for their curiosity, enthusiasm, and dedication to understanding the world of money, trade, and economics. They've not only sharpened their negotiating skills but also developed a deeper appreciation for the global marketplace and the choices we make as consumers.
We look forward to sharing more insights and discoveries as our exploration of economics continues. Stay tuned for more adventures in learning!
Ariel - Elementary HR Teacher (Trinidad and Tobago)
Elementary HR teacher of CGK International School. From Trinidad and Tobago.
Bachelor of Education with specialization in English Language and Literature, University of Trinidad and Tobago