After going through this course, the students will understand: What is the barter system? Since when has the barter system been used? In what situations is the barter system not useful, especially regarding indivisible goods? What is meant by "double coincidence of wants" in the context of the barter system? Why is the barter system considered a time-consuming process? How does the barter system differ from a monetary system? What types of goods or services were commonly exchanged in traditional barter systems? Are there any contemporary or localized examples of barter systems still in use today? What are the advantages of using the barter system? What are the disadvantages of the barter system?