Learning Targets:
Targets for knowledge, skills, and behaviours below are possible targets. It is not expected that all will be covered by a single Teaching Unit. Teachers can select their learning targets using the Teaching Units provided (to the right), adaptations of these Teaching Units, or Units/Lesson Plans they develop on their own.
KNOW:
- Different countries use different kinds of money
- What determines the amount of money in the economy
- How the amount of money in our economy is controlled
- Why people wouldn’t be better off if we printed more money and gave it to all
- The effect inflation can have on the value (purchasing power) of money
- Money will help in achieving some life goals – but not all
- Ways money can be used to increase the value of, and improve, things – including skills and abilities
- Incentives that can affect money decisions and actions
BE ABLE TO:
- Describe how the central bank can influence interest rates and the amount of money in the economy
- Protect the value of money from inflation
- Recognize signs that prices and interest rates may be rising
- Recognize ways money can cause stress and tension
- Recognize ways money can help others in need
ACTION/BEHAVIOUR:
- Consider the impact of inflation on money decisions
- Have a sense of personal responsibility when making decisions and how their decisions may impact others
- Verify sources and quality of information that can affect their financial decisions and actions
