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LESSON PLAN
School: Greater Portmore High
Teacher Mr. Hugh Duffus Date: March 22, 2021
Grade: 8 Wisdom Class Size: 17 Duration: 1hr:10m
Subject: Business Basics Topic: Money Management
Sub Topic: The Characteristics of Money
Money has special qualities. What are these qualities that allow money to be used
Big Idea:
in the purchase of goods and service?
This lesson enables students to have understanding money is a special commodity

Purpose of the because everyone in the economy trusts that it will be accepted by other people in
Lesson exchange for goods and services and that its characteristics give it its unique
ability to do be circulated.

Students would have real-life experiences using money in their day to day
interactions such as savings, purchasing things at school, in their communities, and
Prior Learning when they attend events. The Students know that there are 4 functions of money
(medium of exchange, unit of account, store of value and for deferred
payments).They know that money is used to pay for items instead of bartering.

Strand 1 Innovation and Creativity

 Explore different approaches to the exchange of goods and services with the
use of money.
Attainment Target
(students will)  Understand that money has 6 characteristics.
 Use role play to bring out some characteristics of money.

Strand 2 Explore Methods and Procedures

Demonstrate competence in the selection and use of various values of money.
To produce sufficient change or divisibility of money, after giving due
Attainment Target
consideration to the characteristics while purchasing goods or service. They will
(students will)
demonstrate divisibility of money by doing a Cash Hunt to do sale transactions of
items.
Strand 3 Apply Solutions
 Explain the process or steps involved in dividing larger value notes into
Attainment Target
smaller value notes ($1000 to 2 x $500).
(students will)
 Differentiate between value and types of monies used in the economy.
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Understand the nature of money: sort money into groups in a variety of ways and
explain why some material is best suited for specific purposes. The students will
Science ask questions and record their answers, make observation during exploration phase
and, use the data from their research to outline the characteristics of money.

The students will use ICT tools to watch videos, communicate and to use games to
help understand the characteristics of money. Visual aids, samples of money and
Standards

Technology video provided in the PowerPoint presentation will be used. Google Suite is
available for referencing material.

Students will work as a group to brainstorm the sequence of characteristics of

money in preparing and conducting their role play showing the characteristics of
Engineering
money.

Students should be able to identify different coins and banknotes that can be spent
in the Jamaican economy. The students should be able to add notes and coins
Mathematics
given scenarios of exchanging goods and services for money.

Students should:
General 1. know the characteristics of money.
Learning Objectives

2. demonstrate an understanding of characteristics of money.

At the end of the lesson, students should be able to:

1.1 list accurately three (3) characteristics of money with the use of given textbook
and class notes.

Specific 1.2 explain accurately three (3) characteristics of money with the use of given
textbook and class notes.
1.3 demonstrate an understanding of two (2) characteristics of money using role
play.

Characteristics of Money
A characteristic is a feature or quality belonging typically to thing and that is used
to identify them.

 Durability
 Homogeneity
Content Outline
 Divisibility
 Portability
 Acceptability
 Limited in supply
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 Research for information, make judgement

Key Skills
 Observe and interpret pictures/videos

Textbook, ICT tools (smartphones, tablets, laptops, desk top PC), PowerPoint
presentation, YouTube video, created video clips, pictures from internet
illustrating the different types of goods and services.

Google Suite Learning Management System

Game site: Quizziz.com, Puzzel.org

Attendance Register: https://www.myattendancetracker.com

Balliram, R. et al (2019). Principles of Business for CSEC Examinations, 2nd

Edition. Oxford, England: Macmillan.
Resources and Waterman, I. I., & Ramsingh, D. (2005). Principles of Business for Caribbean
Material examinations. (4th e.d). Oxford, England: Macmillan.
Recording
Duffus, H. (2021) Captain Coinz- Functions of Money Homemade
YouTube video(s):
Tina, N. (2020). Barter system. Retrieved from https://youtu.be/LfgVxUN-mg
Brown, B (2020) Coronation Market Shopping With Me in Jamaica, Retrieved
from
https://www.youtube.com/watch?v=3XlzHlE_d9k&t=976s
JUTC drivers counting cash, Retrieved from https://www.youtube.com/watch?
v=9_Aclca9Qng

Tools/materials Pens, pencils, notebook, power cord, speaker, bowl, water paper towel, Jamaican
/equipment
currencies notes and coins- (real and poster).
Classroom Safety
The students will be reminded of some of the main safety practices they MUST
follow to ensure and maintain classroom safety. Rules will be reinforced, register
marked, classroom arrangement enforced and instructions given. Class rules will
be displayed using PowerPoint presentation. A Covid-19 safety tip will be
presented. Additionally,
students will:
1. Keep their microphones closed unless they are asking or answering a question
to avoid possible disturbance from their background affecting the teaching-
learning environment.
2. Demonstrate courtesy in regards to the ideas expressed by classmates and will
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show appreciation for the efforts of others.

Instructional
Strategies: Think-Pair-Share
Teacher will pose the topic for individuals to think about. The students will be
required to write down their ideas. The students have a WhatsApp group that they
use for collaborative efforts. The students will form online pairs as assigned and
discuss their ideas with the entire class.

Brainstorming
Interactive brainstorming will be used as a group session activity. The process is
useful for generating creative thoughts and ideas and will help the students to learn
to work together and learn from each other about their own experience of
bartering.

End of Class Summary

 Review – Revisit the class learning objectives.
 Summary – Ask students to summarize what they have learned.
 Exploring Confusion – Ask students where they may still have points of
confusion.
 Preview – Start preparing students for the next class by giving a preview
and connecting what they learned during the present class with material to
come.

Reading In The Content Area Strategy

 Vocabulary Building and Concept Maps
 Visiting website for enrichment

Online Games
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ACTIVITY HIGHLIGHT
Key Concept What are Characteristics?
Teacher Behaviour Student Behaviour
 Motivate and create interest in the topic.  Attentive in listening.
 Ask questions.
Engagement

The teacher will ask the students what is their understanding

 Demonstrates interest in the
of the term “Characteristics of Money Management”. The
lesson.
teacher will take about three responses from the students
 Responds to questions.
then provide explanation of the term. The teacher will allow
 Demonstrating own
the students to copy the definition from the PowerPoint
understanding.
presentation followed by a brief discussion. An Exploration
Video: Characteristics of Money will be shown for students
to check whether their own views were correct.

Key Concept There are 6 Characteristics

Teacher Behaviour Student Behaviour
 Acts as a facilitator.  Conducts activities, predicts,
 Observes and listens to students as they interact. and forms hypotheses.
 Asks inquiry-oriented questions.  Becomes a good listener.
 Shares ideas.
From the video shown the teacher will ask various question  Records observations.
Exploration

such as “What is happening in the video?” “What were  Discusses alternatives.

some of the characteristics that you were able to remember
 Make short notes in their
from the video?
notebooks on points of
“Let us hear you explain what you understood from some of interest.
the characteristics seen in the video.” The students will be
given some time to think about their responses. If students
are hesitant to respond the teacher will extract the terms
from the video and ask the students to make connections.
They will make note of the definition in their notebooks.

Key Concept Why Does The Money Have Special Abilities?

Ex

Teacher Behaviour Student Behaviour

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T
e
planation

a
c
h
i
n
g
P  Encourages students to explain their observations and findings  Explains, listens, defines, and
in their own words questions
 Provides definitions, new words, and explanations  Uses previous observations and
 Listens and builds upon discussion form students findings
From the video shown students should be able to identify the 6  Provides reasonable responses
characteristics of money and should be able to state a few. The to questions
teacher will ask the students, “why do they believe it is very  Interacts in a positive,
important for money to have special features about them. They supportive manner
will need to provide reason. An explanation will follow where  Students will present their
all six characteristics will be explained. A concept map will be definitions and classification to
used to aid the development of the characteristics. classmates.

Key Concept Demonstrating That Money Has Different Characteristics

Exte

Teacher Behaviour Student Behaviour


T  Uses previously learned information as a
vehicle to enhance additional learning.
e  Encourages students to apply or extend the new
concepts and skills.
a  Encourages students to use terms and
c definitions previously acquired.
h The class will work under the supervision and
pace of the teacher to do experiments and online
i matching game that matched the characteristics of
money using pictures and texts.
nsion/Elaboration
n
1. https://puzzel.org/matching-pairs/play?p=-
g MW3PeD-5fo6XXYWUWvM
P 2. The teacher will conduct practical experiments
r to prove the following characteristics of money:
Durability, Homogeneity, Divisibility &
o Portability
c 3. Cash Hunt
e In this problem based approach you will develop
imaginative solutions to presented or observed
d problems. You will look for money in your house
(parents’ permission may be needed).
u Both will attempt a transaction to
If the buyer does not have sufficient money then
r this will show scarcity of money.
e
Teacher Behaviour
 Observes student behaviors as they explore and
apply new concepts and skills.
 Assesses students’ knowledge and skills.
 Encourages students to assess their own
learning.
 Asks open-ended questions
Evaluation
Students will be tested orally by question and
answering method. This is to recap what was
covered and to provide clarity on anything
misunderstood.
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 Applies new terms and definitions
 Uses previous information to
probe, ask questions, and make
reasonable judgments.
 Provides reasonable conclusions
and solutions.
 Records observations,
explanations, and solutions.
 Students will demonstrate
divisibility of money, depending
on the amount and denominations
found. Example- if you find $100,
$50 and coins.
 Students will act as buyers and
sellers. Some will offer items for
sale and some will attempt to buy.
show acceptability of money as
well as make change.
Student Behaviour
 Demonstrates an understanding or
knowledge of concepts and skills.
 Evaluates his/her own progress.
 Answers open-ended questions.
 Provides reasonable responses and
explanations to events.
 Students will identify items used in
the barter system using picture
shown.
Students will complete a timed
quiz activity in the form of an
online multiple choice game. This
will see your answering questions
about the characteristics of money
using pictures and texts.
https://quizizz.com/admin/quiz/60
582d4f4ae866001da7c13d/startV4

Teacher Behaviour
Students will do further reading on The
Characteristics of Money.
The teacher will assist with the enrichment of the
students by directing them to sources that will
expand their knowledge. The links are placed in
the Google classroom to facilitate access for the
students.
Enrichment
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Student Behaviour
Students participate in an enrichment
activity independently that promotes
critical thinking, listening,
memorization, visualization and
concentration.
Let us explore the various notes and coins we
use in Jamaica as currency. Click on the link
below and use the website to help you
determine:
1. How many types of notes are currently
being used in Jamaica?
2. How many types of coins are currently
being used in Jamaica?
3. What are the names of the persons on each
note?
4. What are the names of the persons on each
coin?
5. Make note of the shape of the notes and
coins.
http://www.boj.org.jm/currency/
currency_banknotes.php
http://www.boj.org.jm/currency/
currency_coins.php
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Reflection on:

 Teacher –Teaching methods/strategies, classroom management skills _____________________

______________________________________________________________________________

 Students –attitude, response ______________________________________________________

______________________________________________________________________________

 Classroom – environment/atmosphere, physical condition/ arrangement____________________

______________________________________________________________________________

 Objectives – Were objectives achieved? _____________________________________________

______________________________________________________________________________

 Concepts -Were concepts learnt, issues/problems solved? _______________________________

______________________________________________________________________________

 Suggestions for improvement to lesson. ____________________________________________

______________________________________________________________________________