Didactic unit monetary policy

ALEJANDRO ROMERO SORIANO
CLIL UNIT: Secondary Economic Activities
Subject: Economics
Title of the Unit : Monetary Policy
Level 1 Bachillerato
INTRODUCTION:
Money is important in our day to day. The use of money has allowed us to specialize in specific tasks, because with the money we know we can
purchase goods produced by others and vice versa. Therefore, the first thing we will study in this unit is how it has evolved the concept of money
throughout history and their roles in the economy. Then see how the intermediation of banks can create money.
TEACHING OBJECTIVES
a) Understand the concept of money throughout history.
b) Differentiate the functions of money in the economy.
c) Differentiate the various definitions of money supply.
d) Explain the process of creating the bank money.
f) Understand the objectives and instruments of monetary policy.
g) Understand the types of monetary policy, its consequences and its application to the economy.

h) The student will be able to work cooperatively in group activities
i) Define inflation and its causes and consequences.
SUBJECT CONTENT
The money:
• Functions and classes (commodity money, paper and trustee)
• Historical evolution of money
• Money Creation Process
• Value of Money and indicators of its evolution
Inflation:
• Explanatory theories of inflation
• Types, Causes and Consequences
The financial system:
• The supply and money demand
• Interest rates
• The monetary policy and its effects
• The European Central Bank
TASK
A final presentation IN GROUPS about the advantages and drawbacks of different types of MONETARY POLICY

ACTIVITIES
GAME
https://www.ecb.europa.eu/ecb/educational/inflationisland/html/index.en.html
We use the game of the website of the european central bank to explore the different areas of Inflation Island, then students can see how people
react to inflation and deflation, and how the scenery changes. They can also test their knowledge and try to identify the different inflation scenarios.
The Island’s cinema features videos and photos showing how inflation and deflation have affected various countries over the years.

VIDEO
https://www.youtube.com/watch?v=6LfUyML5QVY
In this cut from our Milton Friedman Speaks series, Dr. Friedman illustrates the basic relationship between the money supply and the consumer
price index.
students must discuss the information on video.
READING AND WRITING ACTIVITIES
English press articles related to monetary policy will be studied by the students. Students must write summaries of articles studied.

Teaching
Objectives
Unit: MONETARY POLICY
 a) Understand the concept of money throughout history.
 b) Differentiate the functions of money in the economy.
 c) Differentiate the various definitions of money supply.
 d) Explain the process of creating the bank money.
 f) Understand the objectives and instruments of monetary
policy.
 g) Understand the types of monetary policy, its
consequences and its application to the economy.
 h) The student will be able to work cooperatively in group
activities
 i) Define inflation and its causes and consequences.
Área: ECONOMICS




Lessons: 6




Nivel Ed.:1 BACH
Final Task
 A final presentation aboutthe advantages and
drawbacks of different types of MONETARY
POLICY
Assessment
Criteria
 • Explain the functions of money in our economy and its different
classes.
 • Describe the process of money creation.
 • Work cooperatively with their classmates, contributed ideas and
taking a proactive attitude.
 • List positive and negative aspects of different explanatory theories
of inflation and its effects on consumers, businesses and the wider
economy.
 • Know the effects that monetary policy can have on the economy.
 • To argue reasonably and properly structure their ideas.
 • Manifestorally properly respecting his ideas contrary to their peers.
 • Identify the role of the European Central Bank in the whole of our
economy.
Materials
Resources
Key
Competences
 Linguistic communicative competence
 Data processing and digital competence.
 Learning to learn.
GAME
 game of the website of the european central bank
 VIDEO
 https://www.youtube.com/watch?v=6LfUyML5QVY
 English press articles

 The money:
 Functions and classes
 Historical evolution of money
 Money Creation Process
 Value of Money and indicators of its
evolution
 Inflation:
 Types, Causes and Consequences
 The financial system:
 The supply and money demand
 Interest rates
 The monetary policy and its effects
 The European Central Bank





Communication
Culture




 STUDENTS WILL STUDY ECONOMIC
POLICIES OF DIFFERENT COUNTRIES
AND CULTURES
Structures

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
Vocabulary



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Language for interaction

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

 ROLE PLAY
 MACROECONOMIC INDICATORS
 FINANCIAL SYSTEM
 Final presentation about the advantages
and drawbacks of different types of
MONETARY POLICY
Student
Learning
Outcomes
Cognition
Content STUDENT WILL BE ABLE TO EXPLAIN THE
DIFFERENT MONETARY POLICY
 STUDENT WILL BE ABLE TO EXPLAIN THE
PROCESS OF MONEY CREATION
 STUDENT WILL BE ABLE TO EXPLAIN THE
CONSEQUENCES OF A PARTICULAR
MONETARY POLICY
Language for the topic




 MONEY
 INFLATION
 BCE
 INTEREST
Unit: MONETARY POLICY Área:ECONOMICS
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Lessons:6
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
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Ed. Level:1 BACH

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