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Money
Unit 7 Outline
Introduction
This unit introduces students to the
centrality of money in understanding
the national economy. Students will
examine the roles, types, and prices of
money. The difference between real
and nominal values will be stressed
along with an understanding of the
standard relationships between money
and important economic variables like
GDP, unemployment, and standard of
living. Students will also learn about the
roles and functions of commercial banks
in conjunction with the central bank in
national money management.
Big Questions
The main overarching question of this course is: How do individuals and societies make sense of
and assess economic information to make decisions?
By the end of this unit, you will be able to answer the following questions:
Key Vocabulary
More vocabulary!
Pre-Learning Assessment
Pre-Learning (What do you think you Curiosity (What questions do you have?)
know?)
Pre-Learning (What do you think you Curiosity (What questions do you have?)
know?)
Pre-Learning (What do you think you Curiosity (What questions do you have?)
know?)
I can compare and contrast the significance of the three (3) prices of
money and how they influence and are influenced by changes of the
money supply.
I can relate the influence of money to output and apply the model of
Aggregate Demand and Supply.
Extending Ideas I can critique and extend my understanding of money to include
recent economic and technological trends like the introduction of
digital currencies (i.e. Bitcoin) and e-commerce.
I can describe the determinants and shift factors that affect money
demand and money supply in an economy.
I can explain the determinants and shift factors that affect the supply
and demand for foreign currency.
Analyzing Economic Issues (CIA4U)
Name: __________________
I can define inflation and its related concepts and explain sources of
changes in the aggregate price level.
Relating Ideas I can analyze the effects of shifts in money demand and supply on an
economy’s nominal interest rate.
I can interpret and explain the effects of shifts in the supply and
demand for foreign currency on the exchange rate.
I can define the differing rates of interest charge in the economy (i.e.
discount, federal funds, and the prime rates).
I can define and explain the determinants of the supply and demand
for loanable funds.
I can analyze shifts of demand and supply for loanable funds on the
real interest rate.