COPYRIGHTED MATERIAL
demand
the desire for a certain good or service, supported by the capacity to purchase it. bargaining between two or more parties with the goal of reaching an agreement. requirement of a barter exchange that each trader has what the other wants and wants what the other has.
negotiation
double coincidence of wants
Lesson Objectives By the end of this lesson the student will be able to: 1. Connect the principles of barter to modern commerce. 2. List four ways that barter impedes the growth of commerce. 3. Assess their knowledge of negotiating skills and strategies. 4. Identify their personality strengths and weaknesses with MBTI.
SLIDE 2F
Gaining Attention In the last lesson, students learned that there are many aspects to financial literacy. This course focuses on global commerce, business, entrepreneurship, and innovation. The pursuit of wealth and prosperity is universal and expressed through these activities. Global commerce is huge. It is a worldwide system of businesses, governments, government agencies, and organizations that interact to enable businesses to operate, and goods, money, and services to flow between nations. The consumer is an essential component of commerce and the last stop for a product or service. Engage students in a discussion: In the last lesson’s Ponder and Predict, you were asked to consider what commerce was like before businesses, governments, money, or countries existed? Did commerce even exist? Communicating Objectives By the conclusion of this lesson, you will be able to explain how modern commerce is fundamentally similar to barter and how barter impedes the growth of commerce. You will assess your knowledge of negotiation skills and strategies, and identify your personality strengths and weaknesses with a Myers-Briggs Type Indicator. Presentation of Content Modern commerce is a huge, complex, and global system that moves money, goods and services around the world. But commerce wasn’t always big, and it didn’t always involve money. Commerce began as a simple barter system . To understand how it worked, grab your animal skin overalls and stone tools, and let’s head back – way back, to the days of the cave dwellers. What was commerce like back when there was no such thing as money? PRODUCT PREVIEW
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Lesson 2 | Cave Man Commerce
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