UNIT FOUR OUTLINE
Unit Four is a study of Money and Banking within the U.S. economy.
Upon completion of this unit you will be able to: (SSEMA2a,b,c:
SSEMA3a,b; SSEMA1f; SSEMI1b)
Define macroeconomics.
Explain how the government raises revenues and allocates
resources. SSEMA 3a
Identify the principles of taxation. SSEMA 3b
Differentiate between proportional, progressive, and regressive
taxes. SSEMA 3b
Describe federal, state, and local tax systems. SSEMA 3b
Describe fiscal policy tools and options. SSEMA 3a
Identify the difference between budget deficit and national debt.
SSEMA1f
Describe the organization and function of the Fed. SSEMA 2a
Describe monetary policy tools and options. SSEMA2b, c
Describe the functions and characteristics of money. SSEMA
Differentiate between the greenback, gold, and inconvertible fiat
money standards. SSEMA
Explain how the U.S. money supply is measured. SSEMA2c
WEEK ONE/TWO: Define vocabulary terms given on cards. Read
Chapter 10 (SSEMA2c) and then complete the following assignments:
Questions 1- 4 on page 248; Questions 1 and 3 on page 256; Questions
1, 3, 5, and 6 on page 264; Questions 10, 11, 13, and 17 on page 267.
WEEK TWO/THREE: Define vocabulary terms given on cards. Read
Chapter 14 (SSEMA3a,b) and then complete the following assignments:
Questions 2, 3, 4, and 5 on page 363; Questions 3, 5, and 6 on page
369; Questions 2, 3, 4, and 6 on page 374; Questions 2, 3, and 5 on
page 380; and Questions 12, 13, 14, and 15 on page 383.
WEEK THREE/FOUR: Define vocabulary terms given on cards. Read
Chapter 15 (SSEMA1f,3a)and then complete the following assignments:
Questions 1, 2, 4, 5, and 6 on page 393; Skills for Life on page 394;
Questions 1, 3, 4, and 5 on page 401; Questions 1- 3 on page 408;
Case Study on page 409; Questions 9, 10, 12, 13, 14, and 21-23 on
page 411.
WEK FOUR/FIVE: Define vocabulary terms given on cards. Read
Chapter 16 (SSEMA2a,b,c)and then complete the following
assignments: Questions 2, 4, and 5 on page 418; Questions 3, 4, and 6
on page 423; Questions 2-7 on page 429; Questions 1, 2, 5, and 6 on
page 434; Case Study on page 435; Questions 9, 10, 13, 15, and 16 on
page 437.
You can expect a vocab quiz on the terms of each chapter and will likely
be collected upon the completion of each chapter. No portfolio required.
UNIT 3 VOCABULARY TERMS
CHAPTER 10
CHAPTER 14
Money
Currency
Commodity money
Representative money
Fiat money
Greenback standard
Gold standard
Inconvertible fiat standard
Federal Reserve
FDIC
Liquidity
Demand deposit
Fractional reserve
Interest
Principal
Income tax
Sales tax
Property tax
Proportional tax
Progressive tax
Regressive tax
FICA
Tariff
Mandatory spending
Discretionary spending
Entitlement
CHAPTER 15
CHAPTER 16
Fiscal policy
Expansionary policy
Contractionary policy
Demand-side economics
Supply-side economics
Keynesian economics
Classical economics
Budget deficit
T-Bill
T-Note
T-Bond
National debt
Monetary policy
FAC
FOMC
Federal funds rate
Discount rate
RRR
Prime rate
Monetarism
Easy money policy
Tight money policy