Title: Introduction to Money and Banking

Grade Level: Olevels (14-year-old Pakistani students) Subject: Economics

Time: 40 minutes

Objective: - Understand the concept of money and its various forms - Explain the functions of money - Describe the characteristics of money - Engage in interactive activities to reinforce learning - Encourage critical thinking and collaboration through pair work and group activities - Provide extension tasks for further exploration

Materials: - PowerPoint presentation - Whiteboard and markers - Handouts for written tasks - Videos, photos, tables, and charts for visual aids

Lesson Plan:

1. Starter Activity (5 minutes): - Display a photo of various forms of money (coins, banknotes, credit cards, etc.) on the screen. - Ask students to identify and name the different forms of money they see. - Discuss their responses as a class and introduce the concept of different forms of money.

2. Introduction (5 minutes): - Begin the PowerPoint presentation with an engaging introduction to the topic of money and banking. - Explain the importance of money in our daily lives and the role it plays in the economy. - Share real-life examples to help students understand the significance of money.

3. Functions of Money (10 minutes): - Present a slide explaining the functions of money (medium of exchange, unit of account, store of value). - Divide students into pairs or small groups and provide them with a handout. - Instruct them to discuss and write down examples of each function of money. - After a few minutes, ask each group to share their examples with the class.

4. Characteristics of Money (10 minutes): - Display a slide listing the characteristics of money (durability, portability, divisibility, uniformity, limited supply). - Show a short video explaining each characteristic in detail. - Divide students into groups and provide them with a chart or table. - Instruct them to fill in the chart with examples of each characteristic of money. - Allow time for group discussions and then ask each group to present their findings.

5. Hands-on Activity (5 minutes): - Distribute play money or create your own currency using colored paper. - Ask students to create a simple transaction using the play money, demonstrating the functions and characteristics of money. - Encourage creativity and interaction among students during this activity.

6. Written Task (5 minutes): - Provide a handout with a few questions related to the lesson. - Instruct students to answer the questions individually. - Collect the handouts for assessment purposes.

7. Wrap-up Activity (5 minutes): - Display a slide summarizing the key points covered in the lesson. - Ask students to share one thing they learned or found interesting during the lesson. - Address any remaining questions or concerns.

8. Extension Task (5 minutes): - Provide an extension task for students who want to explore the topic further. - Assign a research project on the history of money or the role of central banks in the economy. - Encourage students to present their findings in the next class.

Note: Throughout the lesson, incorporate videos, photos, tables, and charts to enhance understanding and engagement. Encourage student participation and interaction by asking questions, facilitating discussions, and providing opportunities for pair work or group activities.