Copyright © Texas Education Agency, 2012. All Rights Reserved.
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Copyright © Texas Education Agency, 2012. All Rights Reserved.
2
Purpose of Assignment
SWBAT
(Student Will Be Able To)
• Describe the role of the International
Monetary Fund (IMF).
• Argue for and against floating exchange
rates.
• Argue for and against fixed exchange rates.
• Calculate foreign exchange rates.
Copyright © Texas Education Agency, 2012. All Rights Reserved.
3
Need to Know Terms
•
•
•
•
•
•
•
•
International Monetary Fund (IMF)
Pro
Con
Exchange Rate
Floating Exchange Rate
Fixed Exchange Rate
Foreign Exchange Rate
Calculate
Copyright © Texas Education Agency, 2012. All Rights Reserved.
4
Instruction
What is the IMF?
http://www.youtube.com/watch?v=f1z3cGxSv_
E&list=UUIYhr3JsLYfKkCM7W5B6DA&index=10&feature=plpp_video
http://www.imf.org/external/
Copyright © Texas Education Agency, 2012. All Rights Reserved.
5
Class Discussion
0 After watching the video,
what are three key points
that stood out to you?
0 Based on the website, what
are three pieces of
information you found
interesting?
Copyright © Texas Education Agency, 2012. All Rights Reserved.
6
Instruction
Flexible and Fixed Exchange Rates
…the Pros and Cons
Flexible Pros
Flexible Cons
Fixed Pros
Fixed Cons
Independent
monetary policy
Low elasticities
Promotes
Outmoded system
international trade
Promotes
economic
development
Unstable
conditions
Necessary for
small nations
Discourages
foreign investment
Removes
speculation
Not a genuinely
fixed system
Promotes
Adverse effect on
international trade economic
structure
7
Copyright © Texas Education Agency, 2012. All Rights Reserved.
How Exchange rates might affect you…
• Pick five countries you would like to visit.
• Determine how much money you would like to take with
you (in US dollars).
• Go to http://www.xe.com/ucc/ and find out how much
money you will receive in destination country.
Amount in US Dollars=________
Country 1=
Amount=
Country 2=
Amount=
Country 3=
Amount=
Country 4=
Amount=
Country 5=
Amount=
8
Copyright © Texas Education Agency, 2012. All Rights Reserved.
Sample
• Pick five countries you would like to visit.
• Determine how much money you would like to take with
you (in US dollars).
• Go to http://www.xe.com/ucc/ and find out how much
money you will receive in destination country.
Amount in US Dollars=$2000
Country 1=Jamaica
Amount=175,039.99
Country 2=Taiwan
Amount=59,959.66
Country 3=Great Britain
Amount=1,300.56
Country 4=
Amount=
Country 5=
Amount=
9
Copyright © Texas Education Agency, 2012. All Rights Reserved.
Review
 Can you identify the role of
the International Monetary
Fund (IMF)?
 Can you argue for (pros)
and against (cons) fixed
exchange rates?
 Can you argue for (pros)
and against (cons) flexible
exchange rates?
 Can you calculate foreign
exchange rates?
10
Copyright © Texas Education Agency, 2012. All Rights Reserved.
Extensions
0 International Monetary Fund (IMF)
Visit the International Monetary Fund website and find out; 1)
when the USA joined the fund and 2) the date of the last
transaction made by the USA.
0 Exchange Rates
Visit Currency Converter website we did before, but go to
travel expenses calculator. Choose a country from which you
just visited and calculate the cost to you based on the method
of payment you chose and the date you traveled.
Copyright © Texas Education Agency, 2012. All Rights Reserved.
11
Formal Assessment Rubric
Short Answer Test Assessment Rubric
Needs
No Answer
Improvement
0 pts
4 pts
Content
10 pts
No Answer
Did not answer
question.
Organization
10 pts (Answers
are clearly thought
out and
articulated.)
Writing
Conventions
10 pts (Spelling,
punctuation,
grammar, and
complete
sentences.)
No Answer
Did not answer
question.
No Answer
Did not answer
question.
Needs
Improvement
Answers are
partial or
incomplete. Key
points are not
clear. Question
not adequately
answered.
Needs
Improvement
Organization and
structure detract
from the answer.
Needs
Improvement
Displays over five
errors in spelling,
punctuation,
grammar, and
sentence
structure.
Adequate
6 pts
Adequate
Answers are
not
comprehensive
or completely
stated. Key
points are
addressed, but
not well
supported.
Quality
8 pts
Quality
Answers are
accurate and
complete. Key
points are
stated and
supported.
Exemplary
10 pts
Exemplary
Answers are
comprehensive,
accurate and
complete. Key
ideas are
clearly stated,
explained, and
well supported.
Adequate
Quality
Exemplary
Inadequate
organization or
development.
Structure of
the answer is
not easy to
follow.
Organization is
mostly clear
and easy to
follow.
Well organized,
coherently
developed, and
easy to follow.
Adequate
Quality
Exemplary
Displays three
to five errors in
spelling,
punctuation,
grammar, and
sentence
structure.
Displays one to
three errors in
spelling,
punctuation,
grammar, and
sentence
structure.
Displays no
errors in
spelling,
punctuation,
grammar, and
sentence
structure.
12
Copyright © Texas Education Agency, 2012. All Rights Reserved.