Students will comprehend the role of the Federal Reserve and gain an understanding of fiscal and monetary policies.
- Subject:
- Financial Literacy
- Material Type:
- Lesson Plan
- Author:
- Utah Lesson Plans
- Date Added:
- 05/13/2024
Students will comprehend the role of the Federal Reserve and gain an understanding of fiscal and monetary policies.
Students will learn about the four components of GDP and then explore how inflation impacts purchasing power over time. While playing an in-class game, students move around the classroom to guess how inflation has impacted a particular scenario.
Students will be introduced to the concept of supply and demand. Next, students will play the game “In the Chips” to show how Supply and Demand works and how the market finds its equilibrium. The lesson will conclude with reflection and class discussion
Students will play the interactive game called Stax and see if they can beat the market in a 20-year period. Reflection questions will be answered after gameplay.
Students will play an online game called “SPENT” and experience what it’s like to live paycheck to paycheck. Game play will be followed with reflection questions and class discussion.
Students will actively assess their career aspirations, critically evaluate and compare diverse career opportunities aligned with their aptitudes and interests, and strategically plan their career path while gaining insight into the income potential associated with their chosen careers.
Students will define and explain the concepts of supply and demand, understand how changes in these factors influence prices, and analyze real-world scenarios.