Lesson plans and classroom resources aligned to the Economics curriculum.
Last Updated: May 5, 2011
- Benjamin Franklin and the Birth of the Paper Money Economy
This essay is based on a lecture given by Professor Farley Grubb on March 30, 2006, at the Federal Reserve Bank of Philadelphia. The Reserve Bank and The Library Company of Philadelphia co-sponsored this lecture as one of many events held in the city of Philadelphia to mark the 300th birthday of Benjamin Franklin.
- Currency & The Fed
In this lesson, students consider who is pictured on the different denominations of U.S. currency and why. They participate in an activity to identify functions of basic, everyday items and then identify and explain the functions of another basic, everyday item—money. Students learn some basic facts about money as well as some basics about the Federal Reserve System. In addition, they describe the Federal Reserve’s role in the distribution of money by identifying features of the $5 note.
- Hands On Banking
Welcome to the Hands on Banking® program! Want to take charge of your own finances and reach your goals? Just pick your age group and get started! Whether you want to build your credit, your investments, or your own small business; invest in the market, a home, or higher education; shop for a loan, buy a car, or open your first bank accounts, the Hands on Banking program offers all the basic money tools, skills, and information you need.
Series of lessons, notes, interactive activities from reffonomics.com
- Teaching Basic Banking Principles
This is a lesson that is intended to be used as a method of teaching basic banking principles. Rather than a dry textbook lesson, this lesson (which is probably best done orally, but can be utilized as a take- home or in-class reading assignment) provides an interesting approach to showing how banks "create" money, what reserves are, and what a "run" on a bank is. The lesson is adaptable to whatever the needs are in your particular situation.
- The Case of the Gigantic $100,000 Bill
In this lesson, students participate in a demonstration of the money creation process using a large $100,000 bill. Expansions of the money supply caused by successive deposits and loans are traced on the board so that students can observe the process. Required reserves are cut from the large bill during each stage of the process. Students learn to calculate the upper bound of the money creation process using the simple money multiplier.
- The Money Circle
- What Does the Fed Do?
Students participate in a banking activity to learn more about the fractional reserve banking system. Students learn about the three basic functions of the Federal Reserve System and reflect on the validity of a dozen statements about the Federal Reserve.
- What Is Unemployment, How Is It Measured, and Why Does the Fed Care?
In this lesson, students read and interpret choropleth maps, which contain unemployment data. They
compare verbal descriptions of the labor market from the Federal Reserve’s Beige Book with the mapped
data. In addition, students compare unemployment data for different years. Students access or observe
how to access this data online.