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Exploring the Value of Money: Lessons from Yap

In today's discussion, we explore the concept of money and its valuation through an intriguing lens, including insights from the historic example of Yap. Students will engage in individual conferences and class surveys, examining various currencies to understand their worth. A hands-on approach encourages critical thinking about the nature of currency and value. Homework for April 13th includes completing a draft of the Portfolio Cover Page, which synthesizes insights from our exploration of money.

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Exploring the Value of Money: Lessons from Yap

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  1. What isMONEYworth?

  2. AGENDAApril 12, 2011 Today’s topic: What is MONEYworth? What can we learn from Yap? Individual Conferences (“Class Surveys”) & Work Time (DRAFT “Portfolio Cover Page”) Administrative: Introductions – Mrs. Smith Homework due Wed., April 13 (tomorrow): Complete DRAFT of “Portfolio Cover Page”

  3. What isMONEYworth?

  4. The value of MONEY Place the currency in order: Most valuable to least valuable Need a hint? Need another hint?

  5. The value of MONEY Rocks / Blank paper: Priceless U.S. Dollar, coins (1): $1.00 U.S. Dollar, paper (1): $1.00 Chinese Yuan (10): $1.71 Mexican Peso (20): $1.88 Hong Kong Dollar (20): $2.85 U.S. Dollar (3): $3.00 South African Rand (20): $3.30 European Euro (3): $4.74 U.S. Dollar (5): $5.00 UK Pound (3): $5.42 Czech Koruna (100): $6.47 Danish Kroner (50): $10.59

  6. What is money? YES NO YES YES YES YES YES NO YES YES YES YES YES YES YES YES YES

  7. Welcome to Yap This American Life #423: The Invention of Money January 7, 2011 AUDIO

  8. Independent Work • Work completed on your own • Materials on desk • Working on assigned tasks • No talking or partner sharing • Room is quiet

  9. Partner or Group Work Say hello / make eye contact Pair share / take turns Use a quiet voice and make an honest effort to communicate. At desk or assigned place Materials are out and task is being actively worked on.

  10. Work Time: DRAFT Portfolio Cover Page Individual Conferences: Class Surveys When I call you, come to my desk to discuss your “Class Survey” • Individually, work on your DRAFT Portfolio Cover Pages • When your DRAFT is complete, discuss it with the 1st available student • Use the “Portfolio Cover Page — Peer Review” handout

  11. Homework Before you leave • Put chairs on desk • Turn in Guided Notes handout Homework due tomorrow (Wed., April 13): • Complete DRAFT of “Portfolio Cover Page”

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