Have your students experience the act of trading goods and services with bartering. In this activity, students will have the opportunity to make a deal, in order to get what they want. Better yet, make a deal without spending a cent!
Students will be able to understand that bartering is the exchange of goods and services.
Introduction
(5 minutes)
To capture students’ interest, show them an item they would really like to have. Examples may include a candy treat, a favorite book, a pencil, or a homework pass.
Then, tell students that you are willing to trade your item for another. Ask students to name some goods that they would be willing to exchange.
Record this information on a t-chart under the category of "Goods."
Next, tell students that you are also willing to trade your item for a service. Ask students to list some services that can be completed in the classroom. Examples may include sharpening pencils, erasing the boards, cleaning out desks, and tidying the room.
Record this information on a t-chart under the category of "Services."