EDW
726: Making Sense of Money and Banking: History
and Function of Money, Banking, and the Federal Reserve System
Time:
7/16/07-7/20/07 from 8:00
to 3:30
Place:
The Federal Reserve Bank of
Philadelphia
10
Independence
Mall
Philadelphia,
PA
19106
Note: Continental breakfast (
8:00 - 8:30
) and lunch (one hour) provided each day, compliments
of the Federal Reserve Bank of Philadelphia
Participants
intending
to receive 3 graduate level credits (90 hours of ACT 48 credit) for the course
will be responsible for tuition (see below).
All participants will be responsible for transportation expenses. Please
contact your school district for information on tuition/expense
reimbursement.
Teachers
can also participate in the course and not receive grad credit (29
hours of ACT 48 credit). Please contact Andrew Hill,
Andrew.Hill@phil.frb.org,
Economic Education Specialist
at the Federal
Reserve Bank of Philadelphia, for details.
Catalog Description:
By utilizing extensive
educational materials developed by the Federal Reserve System and
EconomicsAmerica, teachers will learn about the history and function of money,
banking, and the Federal Reserve System in the United States.
Emphasis is placed on effective strategies and curriculum resources for
teaching money and banking in the K-12 classroom. Teachers
will also learn
how topics and lessons from the course will meet state educational standards in
economics, history, and math. Teachers will learn from Federal Reserve Bank and
ECONOMICSPennsylvania experts during this unique course held at the Federal
Reserve Bank of Philadelphia.
Recommended for elementary, middle, and high school
economics, history, mathematics,
and business education
teachers.
Course Credits:
3 (3 graduate credits = 90
Act 48 hours)
PA teachers will pay Millersville
University
tuition.
For more information on tuition and registration, please contact the
Professional Education and Training (PTE) office at http://muweb.millersville.edu/~pte/educators/index.php
MU Tuition: Per Credit Charge: $336.00
Tuition PA Resident ($352.00 with general fee*) + $31.00
Tuition Technology Fee* PA Resident. Total for a 3 credit graduate course =
$1087.00 (*required fees)
Prerequisites:
No prerequisites
Rationale:
The Federal Reserve System has a long history of providing educational materials
and training to educators at all levels. Across
the nation, economic education is becoming an essential part of the K-12
curriculum and is now one of the content areas with specific state standards in Pennsylvania.
Consequently, the Federal Reserve Bank of
Philadelphia
has teamed up with
EconomicsAmerica, ECONOMICSPennsylvania, and select regional colleges and
universities to offer a unique educational experience for K-12 teachers.
Concepts and lessons dealing with the role and function of
money, banking, and financial markets create a unique opportunity for teachers
and students to learn how to use economic ways of thinking and problem solving
to grasp of the nature and structure of the national and global economy, as
producers, consumers, and citizens. In
addition, today’s teachers need the tools and knowledge to build solid,
relevant, and exciting lesson plans to teach students the basic economic
principles and concepts applicable to every aspect of life and living.
This education workshop is designed to train and expose teachers to the
most recently developed and published classroom materials on the subjects of
money, banking, and the Federal Reserve System.
Teachers will learn how to construct engaging lessons in economics using
the National Council on Economic Education’s published guidelines.
Also, because technology is such an integral component of today’s
pedagogical style, Fed 101 (a Federal
Reserve System product) and other innovative internet resources will be used to
offer teachers multiple ways to bring technology into the classroom.
NOTE: Teachers will be
participating from 3 states.
Millersville
University
will be the credit granting
institution for Pennsylvania.
Teachers will be divided into elementary, middle, and secondary grade
levels.
Course Objectives:
This
course will provide educators with a better understanding of money, banking, and
the Federal Reserve System. Emphasis will be placed on teaching strategies
appropriate for elementary, middle, and high school classrooms. Teachers will
become familiar with curriculum resources about money and banking and will
develop useful skills for teaching money and banking to K-12 students.
Successful Students:
·
Will be able to
construct and implement a substantive and engaging economics lessons in their
classrooms.
·
Will become
familiar with the most recent curricular materials on money, banking, and the
Federal Reserve System.
·
Will be able to
process, analyze, and synthesize the data obtained from economics activities and
will learn how to teach these skills to students.
·
Will discover
current Internet lessons and activities and will learn how to effectively
incorporate them into their classroom plans.
·
Will learn how to
link the economic concepts that are included in their lessons to both the
National Standards and to the Pennsylvania Academic Standards in Economics.
Tentative
Course Outline:
I.
Introduction to Markets and
Economics
A.
What are economics and the
economic way of thinking?
i.
Scarcity and choice
ii.
Inputs to production
B.
Markets
C.
Supply and Demand
D.
Sample lessons
II.
Money
A.
Definition
B.
Function
C.
Characteristics
D.
The Role of Banks
E.
Money Creation
F.
Currency
G.
Sample lessons
III.
The Federal Reserve System
A.
Purposes
B.
Functions
C.
Monetary Policy
i.
How does it work?
ii.
What are the tools of monetary
policy?
iii.
How does the Fed implement
monetary policy?
iv.
What happens at an FOMC meeting?
D.
The Payments System: How does
money get from here to there?
E.
Banking Supervision
F.
A Primer on Banking Regulation
G.
Sample Lessons
IV.
History of Central Banking in the
United States
A.
First Bank of the
United States
B.
Second Bank of the
United States
C.
State Banking Era
D.
National Banking Era
E.
The Founding of the Federal
Reserve System
F.
The Treasury/Fed Accord
G.
The Great Depression
H.
Sample Lessons
V.
Curriculum
A.
What are the characteristics of a
good economics lesson?
B.
Voluntary national and state
standards on economics.
C.
Various EconomicsAmerica
lessons on course-related topics.
D.
www.FederalReserveEducation.org
and FED101 web sites
E.
Peanuts
and Cracker Jacks web site
F.
Federal Reserve System Economic
Education Curriculum Materials
i.
Econ Explorers curriculum
ii.
Federal Reserve Bank of
New York
comic books
a.
Too Much, Too Little
b.
The Story of Inflation
c.
The Story of the Federal Reserve
d.
The Story of Checks and Electronic
Payments
e.
Once Upon a Dime
f.
The Story of Banks
g.
The Story of Foreign Trade and
Exchange
h.
The Story of Consumer Credit
i.
The Story of Money
j.
A Penny Saved…
k.
The Story of Monetary Policy
iii.
American Currency Exhibit CD-ROM
iv.
The
Fed Today video and lesson plans
v.
Money
Connection video and lesson plans
vi.
Closed for the
Holiday
: The Bank
Holiday of 1933
vii.
The Bank Panic of 1907
viii.
Federal Reserve Bank of
St. Louis
Video Lending Library
ix.
Other Resources
Course
Requirements and Evaluations:
(a)
Students will be
evaluated on their active participation in the economic lesson activities.
(b)
Students will be
evaluated on a final quiz
(c)
Participants will
be required to complete a curriculum implementation plan based on the content
and format provided.
(d)
Attendance at all
sessions will be mandatory since the course is condensed into a few intense
days.
(e)
Students will
receive a grade based on the following breakdown
(f) Grad
Credit students only: Completion of course journal and lesson plan assignment
for MU grad credit
Course
Requirements:
Attendance
28 points*
Final Quiz
30 points
Curriculum implementation plan
42 points
2 points will
be deducted from the student's grade for every half day or portion of half day
absent.
Grades:
Pass: 70 -100 points
Fail:
less than 70 points
Required Texts: Federal
Reserve and National Council on Economic Education materials will be provided.
Instructors:
Dr. Andrew
T. Hill, Economic Education Specialist,
Federal
Reserve Bank of Philadelphia
Dr.
Mike Gumpper, Professor of Economics & Director of the Center for
Economic Education, Millersville University
Federal Reserve Bank of
Philadelphia
and
ECONOMICSPennsylvania staff
Center Directors and Professors
from partnering universities
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