Economics – 1/09/14
I. Bellwork:
- Pgs 386-389
- List the four characteristics of money.
- List the three functions of money.
- Explain the difference between M1 & M2.
II. Objective:
- Examine the history of modern day banking the creation of the Federal Reserve
- Identify duties of the Federal Reserve and how it uses monetary policy as a means to achieve macroeconomic goals
- Evaluate an author’s premises, claims, and evidence by corroborating or challenging them with other information.
III. 14.2 Discussion Pgs. 390-397
IV. Notebook
- Brace Map – Functions of the Federal Reserve
- Double Bubble Map – Components of M1 & M2
V. Classwork
- Pg 397 2-5 Q&A
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