Unit Federal Reserve System

Document Sample
Unit Federal Reserve System Powered By Docstoc
					Unit GE 4:                          Money and Banking

Content Standard GE 4.1:            Explain the role of monetary and fiscal policies in a global economy and how it relates to individuals’ daily lives,
                                    businesses, and governments.


     Performance Expectations                        Instructional Strategies                 Assessment Strategies                     Supplementary Resources
 GE 4.1.1 Investigate the roles of the         Show video or filmstrip on Federal        Review students’ performance on a           Federal Reserve Bank Materials
 Federal Reserve and Congress                  Reserve                                   project on the history and trends of the     The Money Tree, St. Louis FRB
                                                                                         federal debt and deficit                       (www.stls.frb.org)
                                               Facilitate class discussion to include:                                                Money Matters, Chicago FRB
                                                history of banking                      Evaluate the students’ ability to use the      (www.chicagofed.org)
                                                components of money supply              Internet to research the organization and
                                                fiscal policy                           function of the Federal Reserve system      “Virtual Economics 1.0 or 2.0", National
                                                                                                                                     Council for Economic Education
                                               Arrange guest speaker from financial      Review the students’ participation in a     (www.ncee.net)
                                               institution                               role play to show how Congress develops
                                                                                         fiscal policy
                                               Using a dollar bill, demonstrate the
                                               relationship between the Federal          Assess the students’ ability to list
                                               Reserve and the United States             components of the money supply and
                                               Government                                explain how the FED affects each
                                                                                         component through monetary policy
                                               Debate supply-side economics




IDOE—Business, Marketing, & Information Technology                                                                                                                Global Economics
January, 2006                                                                                                                                                          Page GE-23
Unit GE 4: Money and Banking

     Performance Expectations                        Instructional Strategies                     Assessment Strategies               Supplementary Resources
 GE 4.1.2 Explain what the Federal             Discuss the history of the Federal            Assess students’ understanding of:    The Story of Checks and Electronic
 Reserve is, its function, and its impact on   Reserve and its importance as the central      the Feds’ functions                 Payments, Federal Reserve Bank of
 the U.S. economy                              bank of the United States; discuss the         Discount Rates                      Chicago
                                               impact of the Federal Reserve                  Reserve Requirements
                                               Chairperson on the economic system             The Board of Governors              Federal Reserve videos
                                                                                              the “creation” of money             (www.frbservices.org or individual
                                               Analyze and discuss how the Federal            buying and selling Treasury Bills   Federal Reserve Banks)
                                               Reserve’s control of interest rates affects
                                               financial institutions, businesses and                                              Websites for Federal Reserve District
                                               individuals                                                                         Banks (http://www.chicagofed.org/,
                                                                                                                                   http://www.newyorkfed.org/,
                                               Discuss what makes the Chairman of the                                              http://www.frbatlanta.org/,
                                               Federal Reserve to be considered one of                                             http://www.minneapolisfed.org/,
                                               the most powerful positions in the United
                                               States
                                                                                                                                   http://www.stls.frb.org,
                                                                                                                                   www.kc.frb.org/,
                                               Discuss the discount rate, reserve                                                  http://www.dallasfed.org,
                                               requirement, and open-market operations                                             www.phil.frb.org/,
                                                                                                                                   http://www.clevelandfed.org,
                                               Compare the costs and the benefits of                                               www.rich.frb.org/,
                                               controlling inflation                                                               http://www.nyfrb.org/,
                                                                                                                                   http://www.frbsf.org/)

                                                                                                                                   Wall Street Journal, Classroom Edition

                                                                                                                                   USA Today’s market scoreboard
                                                                                                                                   (compare Treasury Bill rates with the
                                                                                                                                   discount rates)

                                                                                                                                   Master Curriculum Guide in Economics,
                                                                                                                                   National Council on Economic Education




IDOE—Business, Marketing, & Information Technology                                                                                                             Global Economics
January, 2006                                                                                                                                                       Page GE-24
Unit GE 4: Money and Banking

     Performance Expectations                        Instructional Strategies                  Assessment Strategies                      Supplementary Resources
 GE 4.1.3 Differentiate between monetary       Define monetary policy and fiscal policy   Review students’ ability to use              Federal Reserve Bank materials
 and fiscal policies                                                                      newspapers, periodicals, computer data
                                               Lead class discussion to include:          bases, and the Internet to track the         U.S. History: Eyes on the Economy, Vol.
                                                monetary and fiscal policy               money supply in the United States            2, Lesson 2, Unit 9
                                                economic cycles
                                                                                         Assess students’ performance on writing      Senior Economist, “The Federal Deficit,”
                                                Present case problem on stock            a brief narrative identifying historical     Vol. 1, no. 1, National Council on
                                                   market crash of 1929 to illustrate:    examples of fiscal policies and explaining   Economic Education
                                                fiscal/monetary policies                 whether these policies were adopted to
                                                foreign aid                              influence levels of output, employment,      “Virtual Economics 1.p or 2.0," NCEE
                                                modern example                           prices, or all three
                                                                                                                                       Understanding Taxes
                                                Show videos
                                                                                          Evaluate students’ ability to outline and
                                                                                          explain the fiscal policies recommended      Taxes in U.S. History
                                                                                          to correct each of the following:
                                                                                           rising unemployment                        Taxes and You
                                                                                           rising inflation
                                                                                                                                       “The Federal Reserve,” from local/
                                                                                          Review students’ participation in:           regional FRB’s
                                                                                           determining whether interest rates
                                                                                              should be lowered or raised given        Economics at Work
                                                                                              current economic conditions and
                                                                                              give rationale for decision
                                                                                           determining whether the budget is in
                                                                                              surplus, in deficit, or balanced, and
                                                                                              whether the effect upon the economy
                                                                                              is contractionary, expansionary, or
                                                                                              neutral if the government receives
                                                                                              $800 billion in taxes and government
                                                                                              spending is: $800 billion, $900
                                                                                              billion, or $700 billion
                                                                                          
                                                                                          Assess students’ performance in:
                                                                                           creating a comparison chart showing
                                                                                              when it is most beneficial to have
                                                                                              interest rates raised or lowered
                                                                                           drawing a time line showing the
                                                                                              economic cycle and locate and
                                                                                              explaining when to lower and raise
                                                                                              interest rates to regulate the
                                                                                              economy




IDOE—Business, Marketing, & Information Technology                                                                                                                 Global Economics
January, 2006                                                                                                                                                           Page GE-25
Unit GE 4: Money and Banking

     Performance Expectations                        Instructional Strategies                     Assessment Strategies                     Supplementary Resources
 GE 4.1.3 (continued)                                                                        Review students’ participation in:
                                                                                              writing an article for the local school
                                                                                                 newspaper explaining what
                                                                                                 monetary policy is and how changes
                                                                                                 in monetary policy affect the money
                                                                                                 supply and interest rates
                                                                                              using the above information, role
                                                                                                 playing a conversation with a
                                                                                                 teenage friend about taking out a car
                                                                                                 loan and his/her opportunities for
                                                                                                 obtaining summer employment in the
                                                                                                 construction trade at a time when the
                                                                                                 Federal Reserve is constricting the
                                                                                                 money supply


 GE 4.1.4 Explain what money is and how        Discuss the functions of money                Evaluate students’ ability to recognize     Money Matters, Federal Reserve Bank of
 it is given value                                                                           value of an item by analyzing the item in   Chicago (www.chicagofed.org)
                                               Discuss the history of U.S. currency:         comparing it with the functions of money
                                                methods of exchange in pre-colonial                                                     The Story of Money, Federal Reserve
                                                   America                                                                               Bank of New York (www.ny.frb.org)
                                                greenbacks
                                                gold and silver standards                                                               History of the American Economy,
                                                effects of inflation on currency value                                                  Walton & Robertson
                                                current forms of money in use


 GE 4.1.5 Compare the advantages and           Establish communities within the                                                          The Story of Money, Federal Reserve
 disadvantages of the barter system,           classroom and have each community                                                         Bank of New York (www.ny.frb.org)
 currency, and near money                      choose between the two systems as their
                                               means of conducting business

                                               Group discussions


 GE 4.1.6 Analyze how changing interest        Analyze and discuss the consequences          Assess students’ understanding of           Points of Interest, Federal Reserve Bank
 rates are used to influence economies         throughout the economy as interests           monetary policy                             of Chicago (www.chicagofed.org)
                                               rates are changed
                                                                                                                                         Master Curriculum Guide in Economics,
                                               Discuss how the Federal Reserve uses                                                      National Council on Economic Education
                                               interest rates to accelerate/decelerate the
                                               economy and the importance of the
                                               money supply




IDOE—Business, Marketing, & Information Technology                                                                                                                   Global Economics
January, 2006                                                                                                                                                             Page GE-26
Unit GE 4: Money and Banking

     Performance Expectations                        Instructional Strategies                Assessment Strategies                     Supplementary Resources
 GE 4.1.7 Research the structure of            Classroom discussion                     Assess students’ ability to analyze         Electronic Money, Federal Reserve Bank
 financial institutions and analyze the                                                 financial institutions to determine which   of Chicago
 consumer and commercial products              Guest speakers from different forms of   can address their needs for a variety of
 offered                                       financial institutions and financial     situations
                                               consultants


 GE 4.1.8 Analyze the history and current      Discuss banking from colonial times to   Evaluate students’ ability to analyze and   Bank of England Website
 trends of U.S. and international banking      present. Include:                        forecast possible trends in banking and
 and predict the future of banking and its      the impact of Andrew Jackson on        financial transactions                      Panic of 1907 and Closed for the Holiday,
 role in a global society                          American banking:                                                                Federal Reserve Bank of Boston
                                                bank runs of the 1930's                                                            (www.federalreserveeducation.org)
                                                Savings and Loan Failures of the
                                                   1980's                                                                           History of the American Economy,
                                                the World Bank and its policies                                                    Walton & Robertson
                                                the Euro and other currency systems
                                                bank mergers and their effect on
                                                   businesses and individuals
                                                impact of wire transfer and Internet




IDOE—Business, Marketing, & Information Technology                                                                                                              Global Economics
January, 2006                                                                                                                                                        Page GE-27
Unit GE 4:                       Money and Banking

Content Standard GE 4.2:                Research the role of currency and international financial institutions in a global economy.

     Performance Expectations                         Instructional Strategies                        Assessment Strategies                      Supplementary Resources
 GE 4.2.1 Compare/contrast the value of         Access the Internet for the value of            Review students’ performance in               Virtual Economics, National Council on
 different currencies among nations             exchange rates                                  converting US dollars to foreign currency     Economic Education
                                                                                                rates using products and services that we
                                                Arrange for a guest speaker from a field        use daily                                     Strong Dollar Weak Dollar, Federal
                                                trip or financial institution                                                                 Reserve Bank of Chicago
                                                                                                Assess students’ participation in the role
                                                Discuss how exchange markets work               play of what countries have a favorable       Master Curriculum Guide in Economics,
                                                                                                or unfavorable exchange rate for              National Council on Economic Education
                                                Do payment calculations for purchases in        purchases or traveling
                                                some international business situations

                                                Discuss exchange rates and why it can
                                                be beneficial to use credit cards when
                                                traveling overseas


 GE 4.2.2 Explain the roles and functions       Arrange field trips to financial institutions   Assess students’ written paper on what        Websites for:
 of the World Bank, the International                                                           he/she learned at the financial institution    World Bank (www.worldbank.org)
 Monetary Fund (IMF), and other                 Facilitate discussion on financial                                                             Bank of
 international banking/financial institutions   institutions to include:                        Review students’ performance in                  England(www.bankofengland.co.uk/)
                                                 structure of                                  preparing a chart comparing the Federal        Federal Reserve System
                                                 function of                                   Reserve to the World Bank or other               (www.frbservices.org)
                                                 politics of                                   international financial institutions           International Monetary Fund
                                                                                                                                                 (www.imf.org)
                                                Research and evaluate international             Evaluate students’ report on a current
                                                financial institutions using the Internet       event involving the World Bank or other       Strong Dollar Weak Dollar, Federal
                                                                                                international financial institutions          Reserve Bank of Chicago




IDOE—Business, Marketing, & Information Technology                                                                                                                        Global Economics
January, 2006                                                                                                                                                                  Page GE-28
Unit GE 4: Money and Banking

     Performance Expectations                        Instructional Strategies                    Assessment Strategies                      Supplementary Resources
 GE 4.2.3 Compare and analyze the              Show videos of the stock and securities      Assess students’ performance on:            Stock Market Simulation, National
 security exchanges and their effect on        markets                                       converting of stock quotes to dollars     Council on Economic Education
 the world economy                                                                              from the world market
                                               Access Internet to specific stock and         reading and explaining stock market       Stock Market Game, Indiana Council on
                                               securities markets.                              quotes from the newspaper               Economic Education
                                                                                             Stock market simulation to determine
                                               Arrange for guest speaker, such as a             the effects on the world economy        Demistifying the Stock Market—Durell
                                               Financial Security Advisor
                                                                                               Creating a compare/contrast chart of
                                                                                                                                        Institute
                                                                                                the commodity, stock, and bond
                                                                                                                                        Stock Market Portfolio Contest, National
                                                                                                markets
                                                                                                                                        Council on Economics Education

                                                                                                                                        
 GE 4.2.4 Analyze the influence of events      Provide computer simulations                 Review students’ ability to find an         Wall Street Journal
 such as trade policies, politics, natural                                                  international or national event in a
 disasters, and cultural factors on the        Direct class discussion of current events    newspaper and graph its possible affect     Current print or electronic media
 value of currency                             and their impact                             on the currency values

                                               Discuss of inflation, deflation, and         Evaluate students’ written, one-page
                                               stagflation                                  synopsis on the effect on the economy of
                                                                                            a given current event


 GE 4.2.5 Explain how the value of money       Provide Internet access to realty sites to   Review students’ understanding of the       Strong Dollar Weak Dollar and Money
 and the exchange rate influence the           view costs of living via housing costs       relationship between a country’s value of   Matters, Federal Reserve Bank of
 standard of living in an economy                                                           dollar and standard of living               Chicago
                                               Provide case studies for discussion
                                                                                            Evaluate students’ written report on an     The Story of Money, Federal Reserve
                                               Show videos                                  assigned country about the country’s        Bank of New York
                                                                                            standard of living; research may be done
                                               Arrange for guest speakers                   on the Internet                             Master Curriculum Guide in Economics,
                                                                                                                                        National Council on Economic Education
                                               Discuss exchange rates and why it can        Assess students’ performance in
                                               be beneficial to use credit cards when       selecting a foreign currency and charting
                                               traveling overseas                           and graphing its relationship to the US
                                                                                            dollar over the last year




IDOE—Business, Marketing, & Information Technology                                                                                                                   Global Economics
January, 2006                                                                                                                                                             Page GE-29

				
DOCUMENT INFO