Money in the Economy

Component: Money & Decision Making | Grade Level: Grade 9-10

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.


  • 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


  • 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


  • 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

Teaching Unit:

Money in the Economy

To help with financial decisions, there are some important things to know about money in the economy – who controls it, how it affects inflation, interest rates, and more.

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