Economic Lesson Plans - Edition II Unit 6
UNIT 6 - DESCRIBE ECONOMIC INDICATORS THAT CAN IMPACT MARKETING ACTIVITIES.
Lesson Plan 24: Functions of Government. Explain the various functions of government in a market economy including the provision of public goods and services, the creation of currency, the establishment of property rights, the enforcement of contracts, correcting for externalities and market failures, the redistribution of income and wealth, regulation of labor (e.g., minimum wage, child labor, working conditions), and the promotion of economic growth and security. NOTE: the bulk of these benchmarks are taught in Civics-this should be a brief review.
Lesson Plan 25: Money Supply, Inflation, and Recession. Explain the relationships between money supply, inflation, and recessions.
Lesson Plan 26: Financial Institutions and Money Supply. Analyze how decisions by the Federal Reserve and actions by financial institutions (e.g., commercial banks, credit unions) regarding deposits and loans, impact the expansion and contraction of the money supply.
Lesson Plan 27: Federal Reserve and Monetary Policy. Explain the roles and responsibilities of the Federal Reserve System and compare and contrast the consequences - intended and unintended - of different monetary policy actions of the Federal Reserve Board as a means to achieve macroeconomic goals of stable prices, low unemployment, and economic growth.