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Monday, September 22, 2014

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Lesson Plans for Teachers

The Federal Reserve Bank of Philadelphia publishes lessons for K-12 teachers to use to teach economics and personal finance in their own classrooms. The lessons emphasize active- and collaborative-learning teaching methodologies.

All lessons are downloadable in PDF format.


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  • The Federal Reserve and You

Uncle Jed's Barbershop PDF (9-11 years) Children's Literature

Lesson Description: Students listen to the book Uncle Jed’s Barbershop, about an African-American barber who, despite significant setbacks, saves enough money to buy his own barbershop. From the story, students learn about saving, savings goals, opportunity cost, and segregation. The students participate in a card game to further investigate what it takes to reach a savings goal.

Tags: Alternatives  Bank Failure  Opportunity Cost  Saving  Savings Goal  Segregation 

A Lesson to Accompany "The First Bank of the United States: A chapter in the History of Central Banking" PDF (Grades 9-12)

In this lesson, through a reader’s theater, students learn about the economics of the early United States and the debate between Alexander Hamilton and Thomas Jefferson over the founding of the first Bank of the United States. They examine quotations from Hamilton’s and Jefferson’s letters to President Washington and the arguments each man is trying to make about the need for and constitutionality of the bill to incorporate the bank. They read the booklet "The First Bank of the United States" to learn about the founding of the first Bank of the United States, the financial crisis associated with the bank’s stock subscription, the bank’s operations, and the way it influenced the early American economy. The students learn to read primary sources by examining letters written in the 1790s about the First Bank and its operations. In the final activity, the students learn about the First Bank’s influence on the availability of credit in the early American economy by examining simple banking scenarios.

Tags: Banknotes  Banks  Central Bank  Credit Crunch  Customs Duties  Financial Bubble  Financial Contagion  Fiscal Agent  Initial Public Offering (IPO)  Money Supply  Primary Source Document  Public Debt  Specie 

The Goat in the Rug PDF (8-10 years) Children's Literature

Students listen to the book The Goat in the Rug, about a Navajo weaver who uses a number of resources and intermediate goods to make a traditional Navajo rug. The students are placed in groups to learn about productive resources and intermediate goods. They play a matching game and make posters to classify the natural resources, human resources, capital resources and intermediate goods used in the story.

Tags: Capital Resources  Human Resources  Intermediate Goods  Natural Resources  Productive Resources 

Ten Mile Day PDF (10-12 years) Children's Literature

In this multidisciplinary lesson, students work in small groups ("work crews") while participating in a production activity. Students learn about competition, division of labor, and incentives. They also demonstrate how division of labor and incentives help lead to greater productivity.

Tags: Capital Goods  Division of Labor  Human Capital  Incentives  Productivity 

Money, Money, Honey Bunny! PDF (6-8 years) Children's Literature

Students listen to a story written in rhyme about a bunny who has a lot of money in her piggy bank. Students distinguish between spending and saving and goods and services. They play a matching game to review the content of the story and to practice rhyming words.

Tags: Goods  Rhyming Words  Saving  Services  Spending 

Potato: A Tale from the Great Depression PDF (7-9 years) Children's Literature

After reading and discussing a story about a family during the Great Depression, students differentiate between goods, services, barter and money. Students are led through several rounds of a barter activity that incorporates math skills. Through this activity, students learn about the difficulties of using barter to satisfy wants.

Tags: Barter  Consumers  Goods  Income  Money  Services  Wants 

Tortilla Factory PDF (8-10 years) Children's Literature

Students observe the teacher produce a paper taco and produce their own paper tacos following the process demonstrated by the teacher. Students learn about the productive resources—human resources, natural resources, and capital resources—and intermediate goods used to make final goods and services. They listen to the book "Tortilla Factory " and identify the productive resources and intermediate goods used to produce corn tortillas. Students classify the resources used to produce their paper tacos.

Tags: Capital Resources  Human Resources  Intermediate Goods  Natural Resources  Productive Resources 

Saturday Sancocho PDF (8-10 years) Children's Literature

Students listen to a story and answer questions about a family in Central or South America that barters to get the ingredients for chicken sancocho, a kind of stew. The students complete sentences that record the various trades carried out by the family to obtain all of the ingredients for the sancocho. They also participate in trading activities that illustrate money’s advantages over barter.

Tags: Barter  Coincidence of Wants  Exchange  Money 

A Basket of Bangles: How a Business Begins PDF (9-11 years) Children's Literature

Students listen to a story and answer questions about lending in Bangladesh. They complete a diagram that shows the impact of lending on a community. Working as a class, they compare the similarities and differences between banks lending in the United States and the Grameen Bank lending in Bangladesh. Students work with a partner to estimate profits based on Sufiya’s prices and costs in the book.

Tags: Banks  Collateral  Interest  Profit 

The Case of the Gigantic $100,000 Bill PDF (Grades 9-12)

Students participate in a demonstration of the money creation process using a large $100,000 bill. Expansions of the money supply caused by successive deposits and loans are traced on the board so that students can observe the process. Required reserves are cut from the large bill during each stage of the process. Students learn to calculate the upper bound of the money creation process using the simple money multiplier.

Tags: Money Creation  Money Multiplier  Money Supply 

Less Than Zero PDF (8-10 years) Children's Literature

Students learn about saving, savings goals, interest, borrowing and opportunity cost by reading "Less Than Zero" by Stuart J. Murphy. Students use a number line and a line graph to track spending and borrowing in the story.

Tags: Borrowing  Interest  Saving  Savings Goal 

A Lesson to Accompany "Benjamin Franklin and the Birth of a Paper Money Economy" PDF (Grades 9-12)

In this lesson students learn about the role of money in the colonial economy by participating in a trading activity in which they observe the effects of too little money on trade within a colony. They learn about the difficulties associated with barter and the characteristics and functions of money. They read the booklet "Benjamin Franklin and the Birth of a Paper Money Economy" to learn about Benjamin Franklin’s role in shaping our understanding of the role of money in the economy. The students participate in an activity to learn more about how a land bank would work. In the final activity, students learn how too much money can lead to inflation.

Tags: Characteristics and Functions of Money  Coincidence of Wants  Inflation  Medium of Exchange  Money  Store of Value  Unit of Account 

Let's Get Financially Focused! PDF (Grades 9-12) Exhibit Lesson

Students complete a short assessment of their knowledge about personal finance. Then, they learn concepts and terms related to personal financial education by participating in a bingo game. Working in groups, students prepare a set of calculations as financial advisers for a mock client.

Tags: Credit  Fraud  Identity Theft  Interest Rates  Purposes and Functions of the Federal Reserve System 

Monetary Policy PDF (Grades 9-12) Exhibit Lesson

Working in groups, students develop an understanding of monetary policy. Students will learn about the indicators the Fed uses to determine what changes, if any, should be made to the course of monetary policy. The groups play a card game to review the vocabulary associated with the, economic indicators.

Tags: Discount Rate  Economic Indicators  Federal Funds Rate  Federal Reserve  Interest Rates  Monetary Policy  Open Market Operations  Reserve Requirements 

Monster Musical Chairs PDF (5-6 years) Children's Literature

Students listen to the book "Monster Musical Chairs" and identify the scarcity problem the monsters had – not enough chairs for every monster to have one. Students wear a picture of a want they have drawn and play a version of musical chairs in which the chairs are labeled goods. Students learn that a good can satisfy a want and that due to scarcity not everyone's wants are satisfied.

Tags: Good  Scarcity  Economic Want 

On the Court with … Michael Jordan PDF (9-11 years) Children's Literature

Students participate in a simulation to learn about choices, alternatives, opportunity cost, and human capital. They learn the PACED decision-making model, apply the model, and recognize that learning the model is an investment in their human capital. Student groups build a tower with paper cups. Each group has different physical abilities based on an assigned level of human capital.

Tags: Alternatives  Decision Making  Human Capital  Investment in Human Capital  Opportunity Cost 

The Pickle Patch Bathtub PDF (8-10 years) Children's Literature

Students learn about opportunity cost, saving, savings goals and a savings plan by reading "The Pickle Patch Bathtub" by Frances Kennedy. Students will develop savings plans that lead to their own savings goals.

Tags: Opportunity Cost  Saving  Savings Goal  Savings plan 

So Few of Me PDF (7-9 years) Children's Literature

Students learn about scarcity, alternatives, choices, and opportunity costs by reading "So Few of Me" by Peter H. Reynolds. The class participates in an activity to help Perdita figure out her morning schedule at summer camp. The students identify Perdita’s alternatives, choose activities for her, and identify the opportunity costs of those choices. Then, students work in groups to make choices and identify opportunity costs for Juan’s after-school schedule.

Tags: Alternative  Choice  Opportunity Cost  Scarcity 

What Does the Fed Do? PDF (Grades 9-12) Exhibit Lesson

Students participate in a banking activity to learn more about the fractional reserve banking system. Students learn about the three basic functions of the Federal Reserve System and reflect on the validity of a dozen statements about the Fed.

Tags: Bank Failure  Bank Panic  Bank Reserves  Bank Run  Discount Rate  Federal Reserve System  Fractional Reserve Banking System  Monetary Policy  Open Market Operations  Reserve Requirement 

What Is the Federal Reserve? PDF (Grades 6-8) Exhibit Lesson

Students participate in a simple banking simulation to learn how banks take in deposits, make loans, and hold reserves. Students will simulate the difficulties of check clearing without a clearinghouse and efficient check clearing with the Federal Reserve’s clearinghouse.

Tags: Bank Panic  Check Clearing  Clearinghouse  Federal Reserve System  Interest  Reserves  Saving 

What Is Money? PDF (Grades 3-5) Exhibit Lesson

To experience problems with barter, students participate in a simulation in which they barter to obtain ingredients to make cookies. Repeating the simulation using money, they learn about the advantages of using money.

Tags: Barter  Characteristics of Money  Coincidence of Wants  Commodity Money  Money 

Why Money? PDF (Grades 6-8) Exhibit Lesson

Students participate in a trading simulation to learn about barter and the benefits of using money. Working in pairs, students receive information cards on different forms of money used during U.S. history and identify specific problems with each.

Tags: Barter  Characteristics of Money  Coincidence of Wants  Commodity Money  Fiat Money  Functions of Money  Money  Representative Money 

Your Introduction to The Federal Reserve and You PDF (Grades 6-12) The Federal Reserve and You

In this lesson, students view a film segment from The Federal Reserve and You that introduces the Federal Reserve. Using an anticipation/reaction guide, students learn what the Fed is, what it does, and what its impact on the economy is.

Tags: central bank  monetary policy goals  Federal Reserve 

Functions and Characteristics of Money PDF (Grades 6-12) The Federal Reserve and You

In this lesson, students view a film segment on the characteristics and functions of money from The Federal Reserve and You. Based on the information they learn in the film segment, they work in small groups to analyze a series of scenarios and determine which characteristic or function of money is being described. In the discussion that follows, the characteristics and functions of money are reviewed.

Tags: functions of money  medium of exchange  money  store of value  unit of account  characteristics of money 

The First Bank of the United States PDF (Grades 8-12) The Federal Reserve and You

In this lesson, students view a film segment about the early United States and the first Bank of the United States from The Federal Reserve and You. They work in groups to examine quotations from Hamilton’s and Jefferson’s letters to President Washington and summarize the arguments each man is trying to make about the need for and constitutionality of the bill to incorporate the First Bank.

Tags: primary source document  First Bank of the United States 

A Basket of Bangles: How a Business Begins PDF (9-11 years) Children's Literature

Students listen to a story and answer questions about lending in Bangladesh. They complete a diagram that shows the impact of lending on a community. Working as a class, they compare the similarities and differences between banks lending in the United States and the Grameen Bank lending in Bangladesh. Students work with a partner to estimate profits based on Sufiya’s prices and costs in the book.

Tags: Banks  Collateral  Interest  Profit 

Less Than Zero PDF (8-10 years) Children's Literature

Students learn about saving, savings goals, interest, borrowing and opportunity cost by reading "Less Than Zero" by Stuart J. Murphy. Students use a number line and a line graph to track spending and borrowing in the story.

Tags: Borrowing  Interest  Saving  Savings Goal 

Money, Money, Honey Bunny! PDF (6-8 years) Children's Literature

Students listen to a story written in rhyme about a bunny who has a lot of money in her piggy bank. Students distinguish between spending and saving and goods and services. They play a matching game to review the content of the story and to practice rhyming words.

Tags: Goods  Rhyming Words  Saving  Services  Spending 

Monster Musical Chairs PDF (5-6 years) Children's Literature

Students listen to the book "Monster Musical Chairs" and identify the scarcity problem the monsters had – not enough chairs for every monster to have one. Students wear a picture of a want they have drawn and play a version of musical chairs in which the chairs are labeled goods. Students learn that a good can satisfy a want and that due to scarcity not everyone's wants are satisfied.

Tags: Good  Scarcity  Economic Want 

On the Court with … Michael Jordan PDF (9-11 years) Children's Literature

Students participate in a simulation to learn about choices, alternatives, opportunity cost, and human capital. They learn the PACED decision-making model, apply the model, and recognize that learning the model is an investment in their human capital. Student groups build a tower with paper cups. Each group has different physical abilities based on an assigned level of human capital.

Tags: Alternatives  Decision Making  Human Capital  Investment in Human Capital  Opportunity Cost 

Potato: A Tale from the Great Depression PDF (7-9 years) Children's Literature

After reading and discussing a story about a family during the Great Depression, students differentiate between goods, services, barter and money. Students are led through several rounds of a barter activity that incorporates math skills. Through this activity, students learn about the difficulties of using barter to satisfy wants.

Tags: Barter  Consumers  Goods  Income  Money  Services  Wants 

Saturday Sancocho PDF (8-10 years) Children's Literature

Students listen to a story and answer questions about a family in Central or South America that barters to get the ingredients for chicken sancocho, a kind of stew. The students complete sentences that record the various trades carried out by the family to obtain all of the ingredients for the sancocho. They also participate in trading activities that illustrate money’s advantages over barter.

Tags: Barter  Coincidence of Wants  Exchange  Money 

So Few of Me PDF (7-9 years) Children's Literature

Students learn about scarcity, alternatives, choices, and opportunity costs by reading "So Few of Me" by Peter H. Reynolds. The class participates in an activity to help Perdita figure out her morning schedule at summer camp. The students identify Perdita’s alternatives, choose activities for her, and identify the opportunity costs of those choices. Then, students work in groups to make choices and identify opportunity costs for Juan’s after-school schedule.

Tags: Alternative  Choice  Opportunity Cost  Scarcity 

Ten Mile Day PDF (10-12 years) Children's Literature

In this multidisciplinary lesson, students work in small groups ("work crews") while participating in a production activity. Students learn about competition, division of labor, and incentives. They also demonstrate how division of labor and incentives help lead to greater productivity.

Tags: Capital Goods  Division of Labor  Human Capital  Incentives  Productivity 

The Goat in the Rug PDF (8-10 years) Children's Literature

Students listen to the book The Goat in the Rug, about a Navajo weaver who uses a number of resources and intermediate goods to make a traditional Navajo rug. The students are placed in groups to learn about productive resources and intermediate goods. They play a matching game and make posters to classify the natural resources, human resources, capital resources and intermediate goods used in the story.

Tags: Capital Resources  Human Resources  Intermediate Goods  Natural Resources  Productive Resources 

The Pickle Patch Bathtub PDF (8-10 years) Children's Literature

Students learn about opportunity cost, saving, savings goals and a savings plan by reading "The Pickle Patch Bathtub" by Frances Kennedy. Students will develop savings plans that lead to their own savings goals.

Tags: Opportunity Cost  Saving  Savings Goal  Savings plan 

Tortilla Factory PDF (8-10 years) Children's Literature

Students observe the teacher produce a paper taco and produce their own paper tacos following the process demonstrated by the teacher. Students learn about the productive resources—human resources, natural resources, and capital resources—and intermediate goods used to make final goods and services. They listen to the book "Tortilla Factory " and identify the productive resources and intermediate goods used to produce corn tortillas. Students classify the resources used to produce their paper tacos.

Tags: Capital Resources  Human Resources  Intermediate Goods  Natural Resources  Productive Resources 

Uncle Jed's Barbershop PDF (9-11 years) Children's Literature

Lesson Description: Students listen to the book Uncle Jed’s Barbershop, about an African-American barber who, despite significant setbacks, saves enough money to buy his own barbershop. From the story, students learn about saving, savings goals, opportunity cost, and segregation. The students participate in a card game to further investigate what it takes to reach a savings goal.

Tags: Alternatives  Bank Failure  Opportunity Cost  Saving  Savings Goal  Segregation 

What Is Money? PDF (Grades 3-5) Exhibit Lesson

To experience problems with barter, students participate in a simulation in which they barter to obtain ingredients to make cookies. Repeating the simulation using money, they learn about the advantages of using money.

Tags: Barter  Characteristics of Money  Coincidence of Wants  Commodity Money  Money 

Functions and Characteristics of Money PDF (Grades 6-12) The Federal Reserve and You

In this lesson, students view a film segment on the characteristics and functions of money from The Federal Reserve and You. Based on the information they learn in the film segment, they work in small groups to analyze a series of scenarios and determine which characteristic or function of money is being described. In the discussion that follows, the characteristics and functions of money are reviewed.

Tags: functions of money  medium of exchange  money  store of value  unit of account  characteristics of money 

What Is the Federal Reserve? PDF (Grades 6-8) Exhibit Lesson

Students participate in a simple banking simulation to learn how banks take in deposits, make loans, and hold reserves. Students will simulate the difficulties of check clearing without a clearinghouse and efficient check clearing with the Federal Reserve’s clearinghouse.

Tags: Bank Panic  Check Clearing  Clearinghouse  Federal Reserve System  Interest  Reserves  Saving 

Why Money? PDF (Grades 6-8) Exhibit Lesson

Students participate in a trading simulation to learn about barter and the benefits of using money. Working in pairs, students receive information cards on different forms of money used during U.S. history and identify specific problems with each.

Tags: Barter  Characteristics of Money  Coincidence of Wants  Commodity Money  Fiat Money  Functions of Money  Money  Representative Money 

Your Introduction to The Federal Reserve and You PDF (Grades 6-12) The Federal Reserve and You

In this lesson, students view a film segment from The Federal Reserve and You that introduces the Federal Reserve. Using an anticipation/reaction guide, students learn what the Fed is, what it does, and what its impact on the economy is.

Tags: central bank  monetary policy goals  Federal Reserve 

A Lesson to Accompany "Benjamin Franklin and the Birth of a Paper Money Economy" PDF (Grades 9-12)

In this lesson students learn about the role of money in the colonial economy by participating in a trading activity in which they observe the effects of too little money on trade within a colony. They learn about the difficulties associated with barter and the characteristics and functions of money. They read the booklet "Benjamin Franklin and the Birth of a Paper Money Economy" to learn about Benjamin Franklin’s role in shaping our understanding of the role of money in the economy. The students participate in an activity to learn more about how a land bank would work. In the final activity, students learn how too much money can lead to inflation.

Tags: Characteristics and Functions of Money  Coincidence of Wants  Inflation  Medium of Exchange  Money  Store of Value  Unit of Account 

A Lesson to Accompany "The First Bank of the United States: A chapter in the History of Central Banking" PDF (Grades 9-12)

In this lesson, through a reader’s theater, students learn about the economics of the early United States and the debate between Alexander Hamilton and Thomas Jefferson over the founding of the first Bank of the United States. They examine quotations from Hamilton’s and Jefferson’s letters to President Washington and the arguments each man is trying to make about the need for and constitutionality of the bill to incorporate the bank. They read the booklet "The First Bank of the United States" to learn about the founding of the first Bank of the United States, the financial crisis associated with the bank’s stock subscription, the bank’s operations, and the way it influenced the early American economy. The students learn to read primary sources by examining letters written in the 1790s about the First Bank and its operations. In the final activity, the students learn about the First Bank’s influence on the availability of credit in the early American economy by examining simple banking scenarios.

Tags: Banknotes  Banks  Central Bank  Credit Crunch  Customs Duties  Financial Bubble  Financial Contagion  Fiscal Agent  Initial Public Offering (IPO)  Money Supply  Primary Source Document  Public Debt  Specie 

Functions and Characteristics of Money PDF (Grades 6-12) The Federal Reserve and You

In this lesson, students view a film segment on the characteristics and functions of money from The Federal Reserve and You. Based on the information they learn in the film segment, they work in small groups to analyze a series of scenarios and determine which characteristic or function of money is being described. In the discussion that follows, the characteristics and functions of money are reviewed.

Tags: functions of money  medium of exchange  money  store of value  unit of account  characteristics of money 

Let's Get Financially Focused! PDF (Grades 9-12) Exhibit Lesson

Students complete a short assessment of their knowledge about personal finance. Then, they learn concepts and terms related to personal financial education by participating in a bingo game. Working in groups, students prepare a set of calculations as financial advisers for a mock client.

Tags: Credit  Fraud  Identity Theft  Interest Rates  Purposes and Functions of the Federal Reserve System 

Monetary Policy PDF (Grades 9-12) Exhibit Lesson

Working in groups, students develop an understanding of monetary policy. Students will learn about the indicators the Fed uses to determine what changes, if any, should be made to the course of monetary policy. The groups play a card game to review the vocabulary associated with the, economic indicators.

Tags: Discount Rate  Economic Indicators  Federal Funds Rate  Federal Reserve  Interest Rates  Monetary Policy  Open Market Operations  Reserve Requirements 

The Case of the Gigantic $100,000 Bill PDF (Grades 9-12)

Students participate in a demonstration of the money creation process using a large $100,000 bill. Expansions of the money supply caused by successive deposits and loans are traced on the board so that students can observe the process. Required reserves are cut from the large bill during each stage of the process. Students learn to calculate the upper bound of the money creation process using the simple money multiplier.

Tags: Money Creation  Money Multiplier  Money Supply 

The First Bank of the United States PDF (Grades 8-12) The Federal Reserve and You

In this lesson, students view a film segment about the early United States and the first Bank of the United States from The Federal Reserve and You. They work in groups to examine quotations from Hamilton’s and Jefferson’s letters to President Washington and summarize the arguments each man is trying to make about the need for and constitutionality of the bill to incorporate the First Bank.

Tags: primary source document  First Bank of the United States 

What Does the Fed Do? PDF (Grades 9-12) Exhibit Lesson

Students participate in a banking activity to learn more about the fractional reserve banking system. Students learn about the three basic functions of the Federal Reserve System and reflect on the validity of a dozen statements about the Fed.

Tags: Bank Failure  Bank Panic  Bank Reserves  Bank Run  Discount Rate  Federal Reserve System  Fractional Reserve Banking System  Monetary Policy  Open Market Operations  Reserve Requirement 

Your Introduction to The Federal Reserve and You PDF (Grades 6-12) The Federal Reserve and You

In this lesson, students view a film segment from The Federal Reserve and You that introduces the Federal Reserve. Using an anticipation/reaction guide, students learn what the Fed is, what it does, and what its impact on the economy is.

Tags: central bank  monetary policy goals  Federal Reserve 

Let's Get Financially Focused! PDF (Grades 9-12) Exhibit Lesson

Students complete a short assessment of their knowledge about personal finance. Then, they learn concepts and terms related to personal financial education by participating in a bingo game. Working in groups, students prepare a set of calculations as financial advisers for a mock client.

Tags: Credit  Fraud  Identity Theft  Interest Rates  Purposes and Functions of the Federal Reserve System 

Monetary Policy PDF (Grades 9-12) Exhibit Lesson

Working in groups, students develop an understanding of monetary policy. Students will learn about the indicators the Fed uses to determine what changes, if any, should be made to the course of monetary policy. The groups play a card game to review the vocabulary associated with the, economic indicators.

Tags: Discount Rate  Economic Indicators  Federal Funds Rate  Federal Reserve  Interest Rates  Monetary Policy  Open Market Operations  Reserve Requirements 

What Does the Fed Do? PDF (Grades 9-12) Exhibit Lesson

Students participate in a banking activity to learn more about the fractional reserve banking system. Students learn about the three basic functions of the Federal Reserve System and reflect on the validity of a dozen statements about the Fed.

Tags: Bank Failure  Bank Panic  Bank Reserves  Bank Run  Discount Rate  Federal Reserve System  Fractional Reserve Banking System  Monetary Policy  Open Market Operations  Reserve Requirement 

What Is Money? PDF (Grades 3-5) Exhibit Lesson

To experience problems with barter, students participate in a simulation in which they barter to obtain ingredients to make cookies. Repeating the simulation using money, they learn about the advantages of using money.

Tags: Barter  Characteristics of Money  Coincidence of Wants  Commodity Money  Money 

What Is the Federal Reserve? PDF (Grades 6-8) Exhibit Lesson

Students participate in a simple banking simulation to learn how banks take in deposits, make loans, and hold reserves. Students will simulate the difficulties of check clearing without a clearinghouse and efficient check clearing with the Federal Reserve’s clearinghouse.

Tags: Bank Panic  Check Clearing  Clearinghouse  Federal Reserve System  Interest  Reserves  Saving 

Why Money? PDF (Grades 6-8) Exhibit Lesson

Students participate in a trading simulation to learn about barter and the benefits of using money. Working in pairs, students receive information cards on different forms of money used during U.S. history and identify specific problems with each.

Tags: Barter  Characteristics of Money  Coincidence of Wants  Commodity Money  Fiat Money  Functions of Money  Money  Representative Money 

Functions and Characteristics of Money PDF (Grades 6-12) The Federal Reserve and You

In this lesson, students view a film segment on the characteristics and functions of money from The Federal Reserve and You. Based on the information they learn in the film segment, they work in small groups to analyze a series of scenarios and determine which characteristic or function of money is being described. In the discussion that follows, the characteristics and functions of money are reviewed.

Tags: functions of money  medium of exchange  money  store of value  unit of account  characteristics of money 

The First Bank of the United States PDF (Grades 8-12) The Federal Reserve and You

In this lesson, students view a film segment about the early United States and the first Bank of the United States from The Federal Reserve and You. They work in groups to examine quotations from Hamilton’s and Jefferson’s letters to President Washington and summarize the arguments each man is trying to make about the need for and constitutionality of the bill to incorporate the First Bank.

Tags: primary source document  First Bank of the United States 

Your Introduction to The Federal Reserve and You PDF (Grades 6-12) The Federal Reserve and You

In this lesson, students view a film segment from The Federal Reserve and You that introduces the Federal Reserve. Using an anticipation/reaction guide, students learn what the Fed is, what it does, and what its impact on the economy is.

Tags: central bank  monetary policy goals  Federal Reserve