Grade 9 Economics Unit 6: Introduction to Money

This unit 6, “Introduction to Money,” explores the fundamental nature and role of money within an economic system. You will examine what money is, how it has evolved both globally and within Ethiopia, and the critical functions it serves in allocating resources efficiently.

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Chapter 6.1 – Definition of Money

This chapter defines the core concept of currency.

• Nature of Money: Learn what money is and what it looks like.
• Role in Economy: Understand money’s critical role in the efficient allocation of resources.

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Chapter 6.2 – Evolution of Money

Travel through time to understand how trade has changed.

• Historical Development: Trace the evolution of money from early forms to modern currency, both in Ethiopia and globally.
• Invention Significance: Discuss the significance of inventing money and why it replaced previous systems.

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Chapter 6.3 – Functions of Money

This section breaks down the practical uses of money.

• Basic Functions: Describe the specific functions money performs in an economy.
• Utility: Analyze the use of money and why people choose to hold it.

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Chapter 6.4 – Demand and Supply of Money

Explore the market forces affecting currency.

• Market Factors: Enumerate the various factors that affect the demand and supply of money.

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Chapter 6.5 – Money and Electronic Money (e-money)

Discover the modern digital transformation of finance.

• Electronic Money: Explain the role of electronic money in a modern economy.
• Advantages: Discuss the possible advantages of using electronic money systems.

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Learning Outcomes

By the end of this unit 6, you will be able to:

• Describe the functions of money.
• Describe the evolution of money in Ethiopia and globally.
• Enumerate the factors affecting the demand and supply of money.
• Explain the role of money and electronic money in an economy.