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How does the Federal Reserve system function? What are some monetary policy strategies? What is fiscal policy? |
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3. Student Learning Map
- Topic:09 The Federal Reserve, Monetary and Fiscal Policy
- Subject(s):
- Days:3
- Grade(s):
Key Learning:
The Federal Reserve system establishes monetary policy and impacts cosumer money.
Unit Essential Question(s):
Concept: Federal Reserve System Students will be able to evaluate the purposes and identify the characteristics of the Federal Reserve system.
Concept: Monetary Policy Students will be able to explain how the Fed makes monetary policy and the challenges associated with determining monetary policy.
Concept: Fiscal Policy Students will be able to understand and explain the role of taxes in fiscal policy.
Students wil be able to identify the chief tools of fiscal policy.
Students will be able to evaluate and explain the role that deficit spending plays in the U.S. economy.
Students will be able to identify the methods the government can use to balance the federal budget.
Lesson Essential Question(s):What are the purposes and characteristics of the Federal Reserve system?
How is the Fed organized?
(A)Lesson Essential Question(s):How does the Fed make monetary policy?
What are the challenges associated with determining monetary policy?
(A)Vocabulary:fiscal policy, tax rate, tax incentive, federal budget, fiscal year, deficit spending, national debt
Additional Information:
Resources:
Acquisition Lesson:
1. What are the purposes and characteristics of the Federal Reserve system?How is the Fed organized?2. How does the Fed make monetary policy?What are the challenges associated with determining monetary policy?3. What role do taxes play in fiscal policy?What kinds of tax rates do governments set?What are the chief tools of fiscal policy?What role does deficit spending play in the U.S. economy?What methods can the government use to balance the federal government?