Teacher Process
This Webquest is based on knowledge of the monetary policy of the
United States and the central banking system, The Federal Reserve. It
is key that high school students understand the monetary policy and the
Fed control of the money supply and how it effects their lives.
Pre- Quest Teacher Preparation .
* Preview WebQuest and have a good working knowledge
of the process. Make adjustments that you feel are needed. Be sure to
become familiar with the development of PowerPoint
* Check links to make sure still active.
* Determine how teams and roles will be determined.
* Plan possible presentation techniques (see:
Feedback section) and extended activities available to students.
* Have a computer available for each team to use while editing working paper into a resolution document.
* Set up your room in a manner that will give the
greatest amount of space between the groups during discussion.
Choosing Groups and Roles
Students will work in teams of three. Each student will have a
different role. The teams and roles can be students choice, randomly
assigned or based on the attitudes and perspectives observed during a
pre-project discussion on the topic.
Time Line
The following time line and task will guide you and your students
through the WebQuest. This is a suggested timeline and may be adjusted
to meet the needs and abilities of the students.
Before Beginning this project you should have read the Chapter in your
Economics book on monetary policy and the Federal Reserve system. You
should also view The Fed Today video if not please go to The Fed Today
and view the video.
Process:
(1) You will be placed in a taskforce of 3.
(2) Assign each taskforce member one of the three roles:
Chairman of the Federal Reserve: is the head of the central banking
system of the United States and one of the most important
decision-makers in American economic policies. How does the Chairman
become appointed? What is his term of office? What are his
responsibilities? Who is Alan Greenspan? Why is he important? How
important is the position of Chairman of the Federal Reserve?
Links for information:
http://www.federalreserve.gov/pubs/frseries/frseri.htm
http://www.federalreserve.gov/pubs/frseries/frseri3.htm
http://www.federalreserve.gov/pubs/frseries/frseri4.htm
Federal Open Markets Committee (FOMC): is charged with overseeing open
market operations in the United States, and is the principal tool of US
national monetary policy. Who sits on the FOMC? What is the importance
of the FOMC? How do they influence the monetary policy? What are the
three tools for controlling the money supply? Which tool is used the
most? What is their goal? How does the FOMC impact the economy?
Links for information:
http://www.federalreserve.gov/policy.htm
http://www.federalreserve.gov/fomc/
http://www.federalreserve.gov/pubs/frseries/frseri2.htm
President of the New York Reserve Bank: The Federal Reserve Bank of New
York is the most important of the twelve Federal Reserve Banks of the
United States. What is the importance of the President of NY Reserve
Bank? Why is the NY branch the most important? What are his
responsibilities as president? How much money goes through the NY
branch daily, yearly?
Links for information: http://www.federalreserve.gov/bios/pres.htm
http://www.federalreserve.gov/bios/pres02.htm
http://www.federalreserve.gov/pubs/frseries/frseri3.htm
http://www.newyorkfed.org/
(3) Along with each taskforce member’s role, the entire taskforce must answer the following questions:
a. When, how, and why was the Federal Reserve System created?
b. How many other central banks in
United States history have been
created and dissolved?
Why have they been dissolved?
c. How does the Fed serve the nation's bank? What is the reserve requirement?
Use theses websites
i.
http://www.federalreserve.gov/generalinfo/mission/default.htm
ii. http://www.federalreserve.gov/pf/pf.htm
iii. http://www.federalreserveeducation.org/fed101/structure/
iv. http://www.federalreserveeducation.org/fed101/history/
v.
http://www.frbsf.org/publications/federalreserve/fedinbrief/index.html
(4) Brainstorm as a team on ideas for the presentation.
(5) Construct a PowerPoint presentation.
(6) Prince Albert II presentation. This is your
chance to impress your colleagues and have an impact of the future of
the Monaco’s economy policy. Be creative and standout from the other
taskforces.
(7) On the day of your presentation a printout of
your taskforce’s PowerPoint along notes to the presentation should be
turned into your teacher.
**Don't be afraid to use variations and please email with any suggestions, schuemannd@palmbeach.k12.fl.us**