We make learning about the economy fun, with online resources available to suit your curriculum. Or let us do it for you! Pop into the Museum for one of our free school programs. While booking, don’t forget to leave time to visit our fun, interactive exhibitions.
Students will use the concept of historical significance to nominate an iconic Canadian as a portrait subject for the Bank of Canada’s new $5 bank note. They will then create a design for their proposal.
The new bank note featuring Viola Desmond provides an excellent opportunity to teach about the concept of historical significance.
This lesson idea will help students learn about the design of Canadian bank notes.
Students will learn about inflation: what it is, what it means and how it’s measured. They will also learn about how the consumer price index is calculated and create their own student price index to measure the prices that matter in their everyday lives.
This lesson will introduce three basic economic concepts: consumers and producers, goods and services, and trade. Students will define key economic terms and play a game to understand the benefits of trade.
Students will learn about comparative advantage, opportunity cost and specialization and how these key economic concepts help countries around the world benefit from trade. They will participate in activities to better understand these concepts and make links to today’s global economy.
Using a Bank of Canada Museum lesson plan, nearly 200 students told us who they thought should be the bank NOTE-able Canadian on our new $5 bill.