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GRADE 7 ECONOMIC AND MANAGEMENT SCIENCES TERM 1

1 GRADE 7 economic and management sciences term 1 TOPIC 1: THE ECONOMY THE HISTORY OF MONEY Lesson Traditional societies 3 Modern Societies 4 Bartering 4 Disadvantages of bartering 5 Lesson Early forms of money 6 History of coins and paper money 6 Lesson Promissory notes 7 Lesson Advantages and disadvantages of using the Internet for banking and buying. 9 Lesson Security features on a South African Banknote 10 The role of money 10 Lesson Consumer Economy 11 TOPIC 2: NEEDS AND WANTS Lesson An individual s basic needs 12 Basic needs of communities and countries 12 Lesson Maslow s hierarchy of needs 13 Survival needs 14 Security needs 14 Social needs 14 Self-esteem needs 14 Lesson Group Activity 15 Lesson Limited resources to satisfy needs and wants 17 Lesson The ECONOMIC Problem 19 Lesson Needs and wants that are satisfied by water 20 2 TOPIC 3: GOODS AND SERVICES Lesson The Primary Sector 21 The Secondary Sector 22 The Tertiary Sector 22 Lesson Goods and services 24 Goods 24 Services 25

1 . GRADE 7 ECONOMIC AND MANAGEMENT SCIENCES TERM 1 TOPIC 1: THE ECONOMY – THE HISTORY OF MONEY Lesson 1.1 Traditional societies 3 Modern Societies 4

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