Economics Wisconsin

Home


Wisconsin Economic Standard
D.12.14

Economic Institutions

Analyze the economic roles of institutions, such as corporations and businesses, banks, labor unions, and the Federal Reserve System

Economic Concepts
Supply  ||  Demand  ||  Production  ||  Distribution  ||  Consumption  ||  Labor  ||  Wages  ||  Capital
Inflation ||  Deflation  ||  Market economy  ||  Command economy

green line

green line

Links to Content Information

blue check mark The Federal Reserve System
blue check mark Chicago Board of Trade - Learn everything you ever wanted to know and more about the world's oldest, largest and leading futures and options marketplace.
blue check mark The Learning Vault - From the U.S. Department of the Treasury.  Learn all about the history of the Treasury Department, its role in the Federal government, and its mission to serve you.
blue check mark Supply and Demand - Chapter 3 from Essential Principles of Economics: A Hypermedia Text, First Revised Draft
blue check mark Money - Chapter 18 from Essential Principles of Economics: A Hypermedia Text, First Revised Draft
blue check mark AFL-CIO Today's Links
blue check mark American Labor History: An Online Study Guide - Includes an online general history of Labor in America and the Labor History Chronology.
blue check mark Consumer's Resource Handbook - Provides advice and consumer tips on: car repair, purchase, and leasing; shopping from home; avoiding consumer and investment fraud; home improvement and financing; choosing and using credit cards wisely; and much more.
blue check mark Security and Exchange Commission: Get the Facts - Resources on saving and investing, including an interactive quiz, links to free materials and lesson plans.

green line

Links to Lesson Plans and other Suggested Teaching Strategies

blue arrow A Case Study: The Unemployment Rate - This lesson looks at the meaning and effects of the unemployment rate and the role of Federal Reserve in unemployment.
blue arrow The Early 1980's: A Tough Time for Home Builders and Mortgage Bankers - Students will explain interest rates and their relation to inflation. They will also explain that one of the objectives of the Federal Reserve is to adopt policies that lead to low rates of interest.
blue arrow Electronic Money - Identifies various Electronic Funds Transfer (EFT) systems, examines consumers' response to them, and explains the rights and responsibilities of both the consumer and financial institutions when using EFT. Accompanies student booklet available online or in print.
blue arrow Fed Orders Interest Rate Cut - Grades 9-12. What makes the Federal Reserve change interest rates, and what effect do cuts have on the economy?
blue arrow How Has the Constitution Shaped the Economic System in the U.S.? - Students find examples from the newspaper of the six characteristics of a market economy as they exist in the U.S. today. Then find how the U.S. Constitution supports those characteristics. Finally, compare the economic provisions of the U.S. Constitution with that of China to understand the difference between a command and a market system.
blue arrow Jesse 'The Body' Wants to Give Money Away! - Grades 9-12. Do surpluses present a unique opportunity to deal with problems of poverty, low agricultural prices, education, road construction, and other unmet needs in the state? Or should they be returned to taxpayers?

green line

List of Curricular Materials and Learning Activities

blue push pin Inside the Fed - Provides an overview of the Federal Reserve, covering the Fed's monetary policy and other responsibilities. 29 1/2 min. Available from the Federal Reserve Bank of Chicago. Online order form.
blue push pin The Fed - Our Nation's Central Bank - Provides an overview of the Federal Reserve System, describing the Fed's services to banks and to the U.S. government and how the Fed formulates monetary policy. 12 1/2 min. Available from the Federal Reserve Bank of Chicago. Online order form.
blue push pin Focus on Economics: United States History, from Economics America (search catalogue), available from Economics Wisconsin.   Lesson 13: Why Would Grape Pickers Ask People Not to Buy Grapes? - Students examine the problems of grape pickers and  identify the costs and benefits associated with alternatives they might consider. pp.130-137 
blue push pin The Story of Monetary Policy - Explains in non-technical language -- the meaning and purpose of monetary policy; how the Federal Reserve makes monetary policy; what factors the Fed considers in making monetary policy; the tools of monetary policy--open market operations, reserve requirements, and the discount rate--and how they work. 1996. 24pp. Available from Federal Reserve System. To find it, type "story of monetary" (without the quote marks) in the keyword search box and click on Go.
blue push pin Virtual Economics: An Interactive Center for Economic Education, Version 2 - Each exhibit includes teaching tips, background information, a list of lessons, and video and audio clips that give additional information about the topic.  Available from Economics America (search catalogue). 
  • In section Fundamental Economics, see exhibit:  Economic Institutions and Incentives
  • In section MacroEconomics, see exhibit:  Monetary Policy
  • In section MicroEconomics, see exhibit:  Supply and Demand
blue push pin The Fed: Our Central Bank (booklet available online or in print)- Provides a quick and easy-to-read review of the structure and functions of the Federal Reserve System.

green line

National Content Standard 10.

    Scroll down the linked page to locate the grade 12 benchmarks.

green line

Email an expert

    Professor Jim Grunloh, University of Wisconsin-Oshkosh 

green line

Developed by 
Lynn Kirby, Ph.D.
Larry Weiser, Ph.D.