1. Topic-
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2. Content-
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Medium of Exchange, Unit of Account, Store of Value |
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3. Objectives-
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SWBATO:
1. List the 3 functions of money.
2. Define the 3 functions of money.
3. Give 1 example of each function of money in action. |
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4. Procedures/Methods-
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A. Introduction-
1. Writing prompt on the board about money.
2. List of responses generated on the board |
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B. Development-
1. Overview of the 3 roles that money has in the U.S. Economy
2. List of student responses on the board from "bell ringer" activity
are separated into 3 separate categories (each category represents
one of the functions of money) |
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C. Practice-
1. Independent work
- Individual activities where students are instructed to think on
their own can potentially provide an excellent demonstration of a
way to gauge how well each student understands the concepts/ideas
being introduced in the lesson. Also, since economics is an area of
study that falls under the umbrella of the Social Sciences, indefinite
answers/solutions to problems typically do not exist ** The concepts/ideas
that are in practice are constructed from a using a variety of methods/techniques
that include predictions, moral/logical reasoning, and historical
analyses based on general patterns and behaviors in American society.
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D. Independent Practice-
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E. Checking for understanding-
1. Formative Assessment (informal method of assessment) Very brief
activity or question to gauge how well the class [more generally]
understands each new idea/concept
2. Group activities will give students an opportunity to socially
interact with their peers listen to a range of different perspectives
on the same topic/issue and holds great potential for learning/reinforcing
new concepts. |
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F. Closure-
1. {{CLOSING ACTIVITY}} [THE CLASS WILL BE ASSIGNED TO (individually)
come up with an example highlighting one of three particular functions
of money (cannot be an example used in class - class will be assigned
a function by the teacher quickly splitting the class into thirds).
2. Each |
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7. Evaluation-
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1. Summative Assessment - Formal Assessment ---- Homework assignment,
mini-project |
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