Mohawk High school



Mohawk High School Lesson Plan

Economics for the 21st Century

Grade 11, 12 Mr. Stobbs H113 Periods 2, 6/7, 9

Lesson Plan (Unit 2): Government and the Economy: Monetary Policy.

Date(s): 03/16 – 03/20/2015

Ohio Content Standards Topic – Government and the Economy: The health of a nation’s economy is influenced by governmental policy. Fiscal policy can be used to spur economic growth. Monetary policy can be used to moderate fluctuations in the business cycle.

Common Core Connections:

National Standards in Economics:

Standard 16: There is an economic role for government in a market economy whenever the benefits of a government policy outweigh its costs. Governments often provide for national defense, address environmental concerns, define and protect property rights, and attempt to make markets more competitive. Most government policies also redistribute income.

Standard 20: Students will understand that the federal government budgetary policy and the Federal Reserve’s monetary policy influence the overall levels of employment, output, and prices.

• Benchmark 7, Grade 12: Monetary policies are decisions by the Federal reserve System that lead to changes in the supply of money, short-term interest rates, and the availability of credit. Changes in the growth rate of the money supply can influence overall levels of spending, employment, and prices in the economy by inducing changes in the levels of personal and business investment spending.

Ohio Content Statements:

• A nation’s overall level of economic well-being is determined by the interaction of spending and production decisions made by all households, firms, government agencies ad others in the economy. Economic well-being can be assessed by analyzing economic indicators gathered by the government.

• Economic policy decisions made by governments result in both intended and unintended consequences.

Objectives:

As a result of this lesson, students should be able to:

• Classify government economic activities according to the six economic functions of government.

• Analyze governmental economic actions within the liberal (progressive)/ conservative framework.

Time Period (this plan): 5 class periods

Materials:

• Text: Thirty-Second Economics

• PowerPoint Lecture: “The Economic Functions of Government”

• Syllabus

• White Board, Computer, Voice Amplifier

• Student Notebooks and pens, pencils

• Calculators

• Handouts: See individual activity plans for additional day-to-day requirements

• Student access after school or during study hall to Internet required.

Assessment:

• Pre-post tests

• Homework and practice sets

• Exercises

• Reflective-analytical writing

• Quiz

• Whole-class discussion

• Oral probes

CARRIED OVER HOMEWORK:

1. Khan Academy Coding Teams: Goal: March 17 is cutoff.

a. I will monitor your progress. My coach identity is TiffinTexan@.

NEW HOMEWORK:

1. You have been assigned SIX NEW LESSONS at EconLowdown. They are each part of a series on the Great Depression, and cover both new and review material. You are assigned to complete THREE LESSONS AT A TIME. LESSONS ONE, TWO AND THREE MUST BE COMPLETED BY SUNDAY, 10:00 P.M., MARCH 22. LESSONS FOUR, FIVE ND SIX MUST BE COMPLETED BY SUNDAY, APRIL 5.

2. GIVEN: Market managers will post on Monday the closing prices and/or percent changes in the class investment stock and mutual fund portfolios, as reported at the close of the market on the previous Friday (Five-Day Percent Close) TASK: By FRIDAY (Payday) OF EACH WEEK FOR THE NEXT TWELVE WEEKS), calculate and plot on a graph the closing value of your personal basket of stocks and funds. EXAMPLE, using five fictitious Mutual Fund Shares:

FAXFS: - .01%

BADXG: + 1.0%

GBISF: + .02%

BDIFD: - .30%

XGFWD: +1.0%

By adding together and averaging the percent changes in the values of these funds as reported on Friday’s close, we see that this portfolio gained 1.71%. If you had initially invested F1,000 in this portfolio, it would now be worth F 1017.10 [ (1,000 x .0171) + 17.10 = 1017.10 ]. NOTE: You can track this yourself at Yahoo Finance. Enter the stock symbol, hit the “Search Finance” tab, then click on the graph tab that is labeled “5d” – the last figure it shows will be the % change for the week.

PROCEDURE: March 16 – 19 (NOTE: Mr. Lantzer will lead instruction this week for section Two and Section Six (2nd and 6th periods).

Monday:

1. Pay Day Activities:

a. Spin the Wheel of Life to determine your economic future.

b. MARKET MANAGERS: Post price changes for Friday’s closing stock prices and NAVs.

c. Investors: Work on portfolios and graphs.

d. Calculate and deposit pay.

e. Calculate Interest.

f. Write checks

Tuesday:

1. DEMONSTRATE KNOWLEDGE: The Federal Reserve

Wednesday – Friday (Mr. Lantzer)

1. The Economic Functions of Government: Introduce lesson

2. Present lecture.

3. Conduct exercise.

4. Review.

5. Conduct assessment.

6. NOTE: JV Titan Teams are excused from lessons on Wednesday through Friday to practice. See Lesson Plan Page for PowerPoint, which includes study materials, exercise, homework, and assessment. Turn in all work as a packet on Monday, March 20.

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