ERIC Number: ED460915
Record Type: Non-Journal
Publication Date: 1999
Reference Count: N/A
Circular Flows: A Teaching Plan.
The United States is a multi-trillion dollar economy that annually allocates a staggering amount of resources to produce a variety of goods and services for domestic and world consumption, and provides employment and income for millions of individuals. This lesson plan for social studies and economics teachers traces a series of interconnected economic and financial flows to explain the workings of the U.S. economy. The lesson plan model allows students to understand the effects of Federal Reserve monetary policy. This teaching plan is presented in three sections. Part 1 is the core and is presented in a double-column format (the left hand column provides a summary of background information, concepts, and definitions that are more fully explained in the right hand column). Part 2 contains questions and exercises to assure that the learning objectives are met. Part 3 contains three spirit duplicating masters of the circular flows model. Figures 1 and 2 show the six principal economic sectors in nine paired combinations that can be used as student classroom worksheets. Figure 3 depicts the full model with all the sectors connected with flow arrows. (BT)
Descriptors: Economics, Economics Education, Financial Policy, Government Role, High Schools, Policy Formation, Social Studies
Federal Reserve Bank of New York, Public Information Department, 33 Liberty Street, New York, NY 10045. Tel: 212-720-6134; e-mail: email@example.com; Web site: http://app.ny.frb.org/cfpicnic/frame1.cfm. For full text: http://ecedweb.unomeha.edu/ve/LIBRARY/CIRF.PDF.
Publication Type: Guides - Classroom - Teacher
Education Level: N/A
Audience: Practitioners; Teachers
Authoring Institution: Federal Reserve Bank of New York, NY.