Barter, indirect barter

Indirect barter
Barter
Indirect barter: advantages
Specialisation
Labour productivity
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Slide 1: Slide
EconomieMiddelbare schoolvwoLeerjaar 3

This lesson contains 11 slides, with interactive quizzes, text slides and 1 video.

time-iconLesson duration is: 30 min

Items in this lesson

Indirect barter
Barter
Indirect barter: advantages
Specialisation
Labour productivity

Slide 1 - Slide

Slide 2 - Video

Which means were used as money

Slide 3 - Mind map

Means used as money
Gold and silver coins
Bags of grain
Shells
Jewelry
Salt (not in the clip)
Paper currency (notes)

Slide 4 - Slide

Slide 5 - Slide

Slide 6 - Slide

What would function as money better: coffee beans or fish
A
Coffee beans
B
Fish

Slide 7 - Quiz

What would be a reason for people switching from indirect barter to barter again?

Slide 8 - Open question

Exercises
Read
Exercises
Check answers
Page 19
2 - 4
Answer sheet
Page 20
5 - 10
Answer sheet
Words to learn:
Barter,  Division of labour, economy of scale, indirect barter, specialisation, labour productivity

Slide 9 - Slide

Economy of scale
Producing on a large scale
A boat € 1,000 Bate: € 0.10 a fish
1,000 fishes. 
Costprice: € 1,000/ 1,000 = € 1
+ bate € 0.10 = € 1.10
and now he's going to produce a large scale.........

Slide 10 - Slide

Economy of scale
Purchase a big boat € 10,000 
He catches 20,000 fishes
Bate: € 0.05 (he gets a discount when buying large quantities)
Costprice:
€ 10,000/ 20,000 = € 0.50
+ € 0.05 = € 0.55

Slide 11 - Slide