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Monetary Policy Lesson Plan

Instructor: Dana Dance-Schissel

Dana teaches social sciences at the college level and English and psychology at the high school level. She has master's degrees in applied, clinical and community psychology.

Do you want to liven up your instruction on monetary policy? With this lesson plan, a video lesson will help you engage students while delivering key information and an activity has students investigate the Great Depression to exemplify this system.

Learning Objectives

Upon completion of this lesson, students will be able to:

  • define 'monetary policy'
  • outline the role and responsibilities of the Federal Reserve
  • create a timeline of events for the collapse of the economy in the Great Depression

Length

1.5 to 2 hours

Curriculum Standards

  • CCSS.ELA-LITERACY.RH.11-12.2

Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.

  • CCSS.ELA-LITERACY.RH.11-12.3

Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence, acknowledging where the text leaves matters uncertain.

  • CCSS.ELA-LITERACY.RH.11-12.7

Integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem.

Materials

  • Images of paper money in different amounts
  • Images of treasury bonds in different amounts
  • Play money
  • White butcher paper

Key Vocabulary

  • Monetary policy
  • Federal Reserve
  • Reserve requirement
  • Expansionary monetary policy
  • Contractionary monetary policy

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