I was excited to study Economics and Money again because this was one of
my favorite units long ago! The girls are a good age for it now. I remembered that unit so fondly that I thought maybe I could just use the same lesson plan, but (as always happens when I revisit an old topic) when I got into planning I could see that we needed something different. So many fun things to learn about, though!
We got one of every kind of bill and coin (up to $100, anyway) and looked at all the different security features. We talked about the materials you could make money out of, and the different symbols different countries put on their money, and then the kids designed and made their own!
(We already have our family currency too,
Bunny Money.)
Gus took this VERY SERIOUSLY. He put all kinds of hidden features in his money, to the point that there was a secret fabric core inside the bill which could be unveiled in case of counterfeiting. He explained it all to me earnestly.
We experimented with making watermarks, which was fun!
Ziggy making a sheet of bills
All his finished bills (I like the one that says "God is Good" and also the one that says "Be Good to God.")
Daisy made SUCH good money! She spent so much time making all the details. Her money is called "guin" (for "penguin," of course). I love her picture of Ben Franklin on the front. He is drinking a cup of hot chocolate, which almost looks like his mouth at first glance, but as you can see when you cover his cup, it really is Ben Franklin himself:
Here's the back of the bill. I love the penguin carrying a "guins" banner in his beak. And the steam penguin rising from the cocoa cup.
The security features on this money are amazing! She did "microprinting" strips as well as watermarks:
Amazing!
I don't have that many pictures from other days in this unit, but here are a bunch of good videos and explanations of various topics (many very timely!):
Drink activity—see what happens when prices increase (Chocolate milk, strawberry milk, two juices)
https://www.federalreserveeducation.org/resources/lessons/lesson--how-many-beverages-will-consumers-buy.pdf
https://www.youtube.com/watch?v=j2BGJdCN8Cw&list=PLU6AbyBWHPOvJNhiuJ2oKLOg77Udus7Fs&index=4 supply and demand
https://www.youtube.com/watch?v=b6lXppGBquI the role of prices
https://www.youtube.com/watch?v=OKW9XsRHZi0&list=PLU6AbyBWHPOsRPgdRXd8HFjpCNcQZl--9&index=7 price controls
Scarcity and Abundance:
https://www.youtube.com/playlist?list=PLU6AbyBWHPOvJNhiuJ2oKLOg77Udus7Fs 1st three in playlist: scarcity, economic decisions, what is an economy
https://www.youtube.com/watch?v=pXfEEEcYSvo&list=PLU6AbyBWHPOvJNhiuJ2oKLOg77Udus7Fs&index=6 schools of economic thought
https://www.youtube.com/watch?v=1qanDVZHliw the missing tile syndrome
http://youtube.com/watch?v=xxmORnnP3WI&t=11s the key to unhappiness
https://www.youtube.com/watch?v=erJEaFpS9ls The broken window fallacy
https://cafehayek.com/2016/02/40405.html richer than Rockefeller
Socialism and communism:
https://www.youtube.com/watch?v=dTRs5FnoaKA capitalism vs socialism, which is more democratic?
https://www.youtube.com/watch?v=Fdfru9NHGvE capitalism vs socialism
https://www.youtube.com/watch?v=l3GfCmbPDN0 Socialism
https://www.youtube.com/watch?v=50McWj1PRvY Venuzeula, life under socialism
https://www.youtube.com/watch?v=i1vo4rws0jU&list=PLU6AbyBWHPOsbkdLGM1n8nmJg_75wEe7f&index=2 Life under communism
https://www.youtube.com/watch?v=OhZr03g1PI4 Myths about socialism
https://www.youtube.com/watch?v=hdyyoYuToaY&list=PLU6AbyBWHPOsRPgdRXd8HFjpCNcQZl--9&index=11 Redistribution of wealth
https://www.prageru.com/videos/is-communism-moral Is Communism Moral?
https://www.youtube.com/watch?v=dEgOuZzjI8o Harrison Bergeron 2081
Free Enterprise:
https://www.youtube.com/watch?v=EgVDyBqAQNw income inequality Thomas Sowell
Is the free market moral? https://www.prageru.com/videos/a-moral-case-for-capitalism
https://www.prageru.com/videos/is-capitalism-moral
https://www.youtube.com/watch?v=IYO3tOqDISE I, Pencil
https://www.youtube.com/watch?v=mVh75ylAUXY Make mine freedom
https://www.youtube.com/watch?v=FtxElQBupFw&list=PLU6AbyBWHPOvJNhiuJ2oKLOg77Udus7Fs&index=10 Private property for the win
https://www.youtube.com/watch?v=-LoeCooct08&list=PLU6AbyBWHPOvJNhiuJ2oKLOg77Udus7Fs&index=8 Profits and losses
https://www.youtube.com/watch?v=f9tOx7UiKgA&list=PLU6AbyBWHPOsbkdLGM1n8nmJg_75wEe7f&index=8 Taiwan
https://www.youtube.com/watch?v=7NfLUCBZ1is The moral case for free enterprise
Saving and Budgeting:
https://www.youtube.com/watch?v=PgoV9Rp-2mM&list=PLU6AbyBWHPOujmcTw8lz1KQRZFHpl2aTk savings playlist, 1st four
https://www.youtube.com/watch?v=8DbfIbIMlbQ Savings Accounts
https://www.youtube.com/watch?v=LNMM22cIB1A&list=PLU6AbyBWHPOujmcTw8lz1KQRZFHpl2aTk&index=7 Financial Hygiene
Banks and Credit Unions:
https://wetheeconomy.com/films/that-film-about-money/ bank video
https://www.youtube.com/watch?v=KTo0IeqXuZk are banks safe?
https://www.youtube.com/watch?v=GIMsbgIQiDE banks vs credit unions
https://www.youtube.com/watch?v=xAABDYDhjtg compound interest
https://www.youtube.com/watch?v=lDscWX2mpe4&list=PLU6AbyBWHPOujmcTw8lz1KQRZFHpl2aTk&index=6 financial institutions
https://www.youtube.com/watch?v=FqmxnvjmNc4&list=PLU6AbyBWHPOujmcTw8lz1KQRZFHpl2aTk&index=5 types of accounts
https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
Investing, Loans:
https://www.youtube.com/watch?v=KHf9_9fENXY&list=PLU6AbyBWHPOujmcTw8lz1KQRZFHpl2aTk&index=13 stocks
https://www.youtube.com/watch?v=Ks1HOtVM6S4&list=PLU6AbyBWHPOujmcTw8lz1KQRZFHpl2aTk&index=14 bonds
https://www.youtube.com/watch?v=c1SWe3zTqYI investing
https://www.youtube.com/watch?v=39nBN3r572Y good vs bad credit
https://www.youtube.com/watch?v=4y_QSFxuMfM borrowing
https://www.youtube.com/watch?v=pM3t-m0Zryk the two income trap
https://www.youtube.com/watch?v=CVEuPmVAb8o don’t follow your passion
Inflation
https://f.hubspotusercontent30.net/hubfs/19523034/APMacro_PenAuction_Lowd.pdf?hsCtaTracking=23435f3f-dc3b-43d8-856c-c742b42c0476%7C6734559d-7d0c-4fa4-b904-a5ee9a86b5a4 inflation auction with pens
https://www.youtube.com/watch?v=0g9KEmUsYxE why not print more money
https://www.youtube.com/watch?v=WIA4_l8z7_0 what is inflation
https://www.youtube.com/watch?v=HwcHRyvrNCE minimum wage
https://www.youtube.com/watch?v=4j01L69eXdI what’s the right minimum wage
https://mru.org/courses/principles-economics-macroeconomics/zimbabwe-currency-inflation hyperinflation
https://mru.org/courses/principles-economics-macroeconomics/costs-of-inflation-price-confusion-money-illusion
https://mru.org/courses/principles-economics-macroeconomics/why-governments-create-inflation parable of inflation 2:05
Comparing prices in different years https://practice.mru.org/calculateinflation/
Fraud:
https://www.conemifyoucan.org/about/index.html Fraud tactics
https://www.youtube.com/watch?v=n1b7piSmmME sunk cost fallacy
https://www.scamwatch.gov.au/research-and-resources/scams-awareness-week-2025/scam-stories#toc-real-people-s-stories scam stories
https://edpuzzle.com/media/620d57efb684cb42b9ee3800 scam red flags frank abegnale
https://www.youtube.com/watch?v=MEK-BIFGidE scams and fraud
https://www.youtube.com/watch?v=AC2Bb0K0yd4 AI scams
https://www.youtube.com/watch?v=7i6mPvBv488 5 money scams
https://www.youtube.com/watch?v=7iww5zIuzyA can you really get rich quick?
https://vimeo.com/805930371 avoiding impersonation fraud
https://vimeo.com/805930766 online shopping fraud
https://vimeo.com/805930539 payment fraud
https://vimeo.com/805928185 links and attachments
Alternate currencies:
https://www.prageru.com/videos/who-caused-the-2008-great-recession?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_16991767&recent= who caused the 2008 recession?
https://www.youtube.com/watch?v=KE-WJevx-7c Great recession—crayon capital
https://www.youtube.com/shorts/gYb0eHvmGhM should I invest in gold
https://www.youtube.com/watch?v=ggvlgNMr_NE Bitcoin explained
https://www.youtube.com/watch?v=SD5nGj9UPEc Bitcoin cash course
https://www.ramseysolutions.com/retirement/investing-in-cryptocurrency Dave Ramsay advice
https://www.youtube.com/watch?v=kx_okFl98Vw the AI bubble
Insurance, Taxes:
https://www.youtube.com/watch?v=TFKCgppxyyk&list=PLU6AbyBWHPOtfpObuijC3I2auPjQbwkdn&index=11 auto insurance
https://www.youtube.com/watch?v=z5AAVxpmdKo&list=PLU6AbyBWHPOtfpObuijC3I2auPjQbwkdn&index=12 insurance basics
https://www.youtube.com/watch?v=JFsAkxzTFEs government regulation for business
https://www.youtube.com/watch?v=S6HEH23W_bM progressive income tax
https://www.youtube.com/watch?v=_yEKdPaX2hI renting vs owning
https://www.youtube.com/watch?v=vg-G85H6kIE&list=PLU6AbyBWHPOsRPgdRXd8HFjpCNcQZl--9&index=5 legend of perfect competition
https://www.youtube.com/watch?v=LeZrnbKNkuw government cheese
https://marginalrevolutionuniversity.typeform.com/to/jMgksxhd?typeform-source=practice.mru.org unintended consequences
https://www.youtube.com/watch?v=NUzDLpSkQTg why is rolls Royce so expensive