COURSE OUTLINE
Unit 1: Fundamentals of Economics
Economics and Choice
 Chapter 1:The Economic Way
of Thinking
 Chapter 2: Economic Systems
 Chapter 3: The American Free
Enterprise
Unit 2: Microeconomics
Market Economies at Work
 Chapter 4: Demand
 Chapter 5: Supply
 Chapter 6: Demand, Supply,
and Prices
 Chapter 7: Market Structures
Unit 3:
Types of Business Organizations
 Chapter 8: Types of Business
Organizations
Unit 4: Macroeconomics
Money and Banking
 Chapter 10: Money
Unit 5:
Measuring and Monitoring
Economic Performance
 Chapter 12: Economic
Indicators and Measurements
 Chapter 13: Facing Economic
Challenges
Unit 6:
The Role of Government in the
Economy
 Chapter 14: Government
Revenue and Spending
 Chapter 15: Using Fiscal Policy
Unit 7:
The Global Economy
CP Economics Organizer
Chapter 10: Money: Its Functions and Properties
The Big Picture:
The Role of Money.
Money can be anything that people accept as payment for goods and services. It has three functions. 1. It is a medium
of exchange. Buying and selling with money, as opposed to bartering for goods, is convenient and allows for flexible
and precise pricing. 2. It is a standard of value. Money allows people to measure the relative worth of goods and
services and to compare prices. In the United States the value of goods and services is expressed in terms of the
dollar, the country’s basic monetary unit. 3. It is a store of value. Money holds its value over time so people don’t
have to spend it all at once but can save some for the future. Inflation erodes the purchasing power of money. The
narrowest measure of the U.S. money supply is M1. It includes currency (paper money and coins), checking accounts,
and other demand deposits. M2 consists of M1 plus savings accounts and time deposits.
Unit Pacing:
____ – Money: Its Functions and
Properties
Homework
____– Read p. 288-289
____—Read p. 290-294
____ – Money: Its functions and
Properties Cont’d
RETEACHING ACTIVITIES:
Section 1
____—Chapter 10 Vocabulary Quiz &
TEST
____-- Unit Benchmark #4 TEST
Key Terms and Phrases:
(Reading Assignments)
____ – Study Ch. 10
Vocabulary
Quiz & TEST
1.
2.
3.
4.
5.
6.
7.
8.
Money
Medium of exchange
Barter
Standard of value
Store of value
Stability in value
Durability
Portability
9.
10.
11.
12.
13.
14.
15.
16.
Acceptability
Commodity money
Representative money
Fiat money
Currency
Demand deposits
Near money
Divisibility
Essentials Question:
GPS
1. Describe how money help the market economy work more efficiently.
1. SSEMI1b
 Chapter 16: The Federal Reserve
and Monetary Policy
 Chapter 17: International Trade
Unit 8:
Personal Finance
 Chapter 11: Personal Finance &
Financial Markets
Course Website: http://www.gocats.org