Curriculum design project

Unit Title: ___MONEY AND BANKING________________________________________________

Established Goals:

Students’ goal is to understand the concepts of money and banking and associated concepts within them.

Objectives

Money

· By the end of the unit, the learner should be able to:

· Define the terms money and banking.

· Explain barter trade

· Highlight the merits and demerits of barter trade

· Identify various definitions of money.

· Explain the various features of money

· Explain the reasons behind holding money

· Define the supply of money.

· Describe ways in which the central bank regulates the supply of money

Banking

· Define banking

· Describe the development of banking

· Explain commercial banks

· Highlight the services offered by commercial banks

· Define the savings and fixed deposit accounts.

· Highlight the pros and cons of fixed deposit and savings accounts

· Describe the functions of commercial banks

Money and banking

· Explain the different methods of money transfer

· Describe the non-bank financial institutions

· Give the differences between non-bank financial institutions and commercial banks.

· State the differences between non-bank financial institutions and commercial banks

· Define the term central bank.

· Discuss the functions of the central bank

· Describe the different monetary policies

· Discuss the trends in banking

Understandings: Students will understand that…

· Money is a crucial aspect of the running of an economy.

· The shortcomings of barter trade played a role in the development of money as a medium of exchange.

· Money contains various features that give it recognition as legal tender.

· The central bank has the role of overseeing the supply of money in the economy.

· There are various ways in which the central bank regulates the supply of money.

· The developmental process of the banking industry.

· The various services offered by commercial banks.

· There are various methods of money transfer.

· Non-bank financial institutions have a role to play in money transfer issues.

· There are similarities and differences between non-bank financial institutions and commercial banks.

· Different money policies govern the circulation and management of money in the economy.

· The trends that the banking industry has made.

Essential Questions:

What is money?

What is the role money in the running of an economy?

Where does money come from?

Why is money not produced by the general public?

Which body regulates the supply of money in the economy?

Why are monetary policies needed in the supply and regulation of money?

Where does the government keep its money and why?

What is the essence of having different methods of money transfer?

What role do the non-banking financial institutions have in the banking industry?

Why do individuals hold money?

What is the story behind development of the banking industry?

What is the role of commercial banks in the circulation of money?

Why do we have similarities and differences between non-bank financial institutions and commercial banks?

Students will know:

· The importance of money in the running of an economy.

· The development of the banking industry.

· The role of the central bank in circulation and regulation of money.

· The logic behind the central bank only handling the money aspect.

· Why circulation of money must be regulated in the economy.

· Why the non-banking financial institutions are crucial in the banking industry.

· The reasons of regulating the supply of money in the economy.

· The features considered in identification of legitimate money from fake money.

· The role of barter trade in the introduction of the use of money as a medium of exchange.

· The similarities and differences between the non-banking financial institutions and the commercial banks.

· The various monetary policies vital in understanding the concepts of money and banking.

Students will be able to:

· Differentiate legitimate money from fake money.

· Describe the process of the development of the banking industry.

· Use the monetary policies in explain the supply of money in the economy.

· Describe the role of money in the running of the economy.

· Identify the similarities and differences between the non-bank financial institutions and the commercial banks.

· Point out the role of the central bank in the circulation of money in the economy.

· Identify the failures and successes of the banking industry in the economy.

STAGE 2 – ASSESSMENT EVIDENCE

Performance Tasks:

· Observation of money samples (notes and coins).

· Observing pictures of people carrying out barter trade.

· Listening to resource persons.

· Taking notes.

· Visiting banks.

· Observation of charts with different features of money.

· Sampling different money facilities.

· Discussions.

· Questions and reflections on the concept of money and banking.

· Open responses.

Other Evidence:

· Quizzes and tests on the concepts of money and banking.

· Grading rubrics with a focus in particular areas within the concept of money and banking.

· Ability to recognize legitimate legal tender.

Key Criteria:

STAGE 3 – LEARNING PLAN

Summary of Learning Activities:

Learning activities and planned lesson instruction:

Lesson 1: Introduction to money and banking

The learner will be able to understand the concept of money and banking through activities such as;

· Observing samples of money (notes& coins).

· Observations of barter trade pictures.

· Visiting banks.

· Note taking.

· Asking and answering questions.

· Listening to resources persons.

Lesson 2: Features of money

· Observation of notes and coins

· Visiting of banks

· Listening to resource persons

· Note taking

· Question and answer sessions

· Chart observation with a summary of features of money

Lesson 3: Demand and supply of money

· Question and answer session

· Making notes

· Listening to resource persons

Lesson 4: Development of banking, commercial banks

· Listening to resource persons

· Question and answer sessions

· Note taking

· Visiting banks

Lesson 5: Types of accounts

· Question and answer sessions

· Note taking

Lesson 5: Functions of commercial banks

· Question and answer sessions

· Note taking

· Visiting banks

Lesson 6: methods of money transfer

· Sampling of different facilities

· Question and answer sessions

· Note taking

Lesson 7: Non- bank financial institutions

· Note taking

· Question and answer sessions

Lesson 7: Similarities and differences( Non-bank financial institutions & commercial banks)

· Note taking

· Question and answer sessions

· Discussions on comparisons and contrasts

Lesson 8: Central bank( functions)

· Listening to resources persons

· Question and answer sessions

· Note taking

Lesson 9: Monetary policies

· Note taking

· Question and answer sessions

Lesson 10: Trends in banking

· Sample observations of facilities like the automated teller machines

· Question and answer sessions

· Note taking

Lesson 11: Emerging trends (mobile banking, bank security and privatization of government owned banks.

· Group discussions

· Question and answer sessions

· Note taking

LESSON PLANS

Overview and purpose Introduction to money and banking The lesson will introduce the concept of money and banking. The lesson is meant to enlighten students on the importance and role of money and banking in the economy.		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· Define the concept of money and banking. · Describe the importance of understanding the concept of money and banking.	· Understand the concept of money and banking. · Define the concept of money and banking	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Ask questions	Answering questions
Activity	· Display samples of money(notes and coins) · Display barter trade pictures · Give notes · Invite a resource person	· Observation of samples of money( notes and coins) · Observation of barter trade pictures · Taking notes · Listening to resource persons
summary	The delivery of the lesson was well done.	The students understood the concept of money and banking and its importance in the economy.

Overview and purpose Features of money The lesson will focus on identification of the characteristics of money. The lesson is meant to equip the learner in differentiating legitimate money from fake money.		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· State and identify the characteristics of money.	· Listen and identify the characteristic of money	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Asking questions Give tests and quizzes	Answering questions Perform tests and quizzes given
Activity	· Display the notes and coins · Display charts with features of money · Invite resource person · Organize for bank visits · Give notes	· Observation of notes and coins · Listening to resource persons · Note taking · Observation of charts with feature so f money · Visit bank
summary	The delivery of the lesson was well done.

Overview and purpose Demand and supply of money The lesson will focus on the demand and supply of money. The aim is to aid the students comprehend on the process of circulation of money in the economy and its importance.		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· Define the terms demand and supply of money · Describe the process of money circulation · State and explain the importance of demand and supply of money	· Understand the concept of demand and supply of money	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Oral questions Give tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person	· Note taking · Listening to resource person
summary	The delivery of the lesson was well done.

Overview and purpose Development of banking and commercial banks The lesson will focus on the development of the banking system (commercial banks). The aim is for the student to understand the cradle of the banking system and its importance in the economy		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· Describe the process of development of banking · Give examples of commercial banks · State the roles and importance of commercial banks	· Understand the process of development of banking · Give some examples of commercial banks	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Oral questions Give tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person · Organize bank visit	· Note taking · Listening to resource person · Visitation to banks
summary	The delivery of the lesson was well done.

Overview and purpose Types of accounts The lesson will focus on the different accounts available in the banks. It will also involve the merits and demerits of opening each of the accounts. The aim of the lesson is to equip the student in knowing the different accounts one can have in a bank.		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· State and explain the different bank accounts · Highlight the merits and demerits of each of the bank accounts	· Understand the available different accounts in banks · Identify the difference in each of the different bank accounts	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Oral questions tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person · Give a quiz	· Note taking · Listening to resource person · Perform a quiz
summary	The delivery of the lesson was well done.

Overview and purpose Functions of commercial banks The lesson will focus on the different functions of the commercial banks. The aim is to equip the students in understanding the different roles play by the commercial banks in the economy.		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· State and explain the different functions of the commercial banks · Stress on the importance of the commercial banks in the economy	· Understand the different functions of the commercial banks · Describe the importance of the commercial banks in the economy	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Oral questions tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person · Give a quiz · Organize bank visits	· Note taking · Listening to resource person · Perform a quiz · Visitation of banks
summary	The delivery of the lesson was well done.

Overview and purpose Non- bank financial institutions The lesson will focus on non-bank financial institutions. The aim is to equip the students on the knowledge of non- bank financial institutions and their importance in the economy		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· State and explain the role of non-bank financial institutions · Stress on the importance of the importance of non-bank financial institutions in the economy	· Understand the role of non-bank financial institutions · Describe the importance of the non-bank financial institutions in the economy	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Oral questions tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person · Give a quiz	· Note taking · Listening to resource person · Perform a quiz
summary	The delivery of the lesson was well done.

Overview and purpose Methods of money transfer The lesson will focus on the different methods of money transfer. The aim of the lesson is to make the student understand the various methods of money transfer and the importance of each of the methods.		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· State and explain the different monetary policies · Stress on the importance of the different monetary policies in the running of the economy	· Understand the different methods of money transfer · Describe the importance of the methods of money transfer in the economy	Notes and coins( money) Charts Business Grade 11 textbook Sample of money transfer facilities
Verification	Oral questions tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person · Give a quiz · Organize bank visits · Display samples of different money transfer facilities	· Note taking · Listening to resource person · Perform a quiz · Visitation of banks · Observation of the different money transfer facilities
summary	The delivery of the lesson was well done.




Overview and purpose Non-bank financial institutions &commercial banks The lessons will focus on the similarities and the differences between non-bank financial institutions and commercial banks. The lessons main focus is to compare and contrast non-bank financial institutions and commercial banks.		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· State the similarities and difference between the non-bank financial institutions d banks · Stress on the importance of both nom-banks financial institutions and commercial banks	· Understand the similarities and differences between non- bank financial institutions and commercial banks · Describe the importance of both non-bank financial institutions and commercial banks	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Oral questions tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person · Give a quiz · Organize group discussions	· Note taking · Listening to resource person · Perform a quiz · Work in group discussions
summary	The delivery of the lesson was well done.

Overview and purpose Monetary policies The lesson will focus on the monetary policies that regulate money circulation within an economy. The main focus of the lesson is create an understanding of how money circulation is regulated within the economy		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· State and explain the different monetary policies · Stress on the importance of the different monetary policies	· Understand the different monetary policies · Describe the importance of the different monetary policies	Notes and coins( money) Charts Business Grade 11 textbook Sample of money transfer facilities
Verification	Oral questions tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person · Give a quiz ·	· Note taking · Listening to resource person · Perform a quiz ·
summary	The delivery of the lesson was well done.







Overview and purpose Central bank The lesson will focus on the functions and importance of the central bank in the economy. The main focus of the lesson is to aid students know the role of the central in running of the economy.		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· State the functions of the central bank · Stress on the importance and role of the central bank in the running of the economy	· Understand the functions performed by the central bank · Describe the importance and role played by the central bank in runni9ng of the economy of a nation	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Oral questions tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person · Give a quiz · Organize group discussions	· Note taking · Listening to resource person · Perform a quiz · Work in group discussions
summary	The delivery of the lesson was well done.

Overview and purpose Trends in banking The lesson will focus on the trends in banking. The main aim of the lesson is to enlighten the students on the new inventions and innovations in the banking industry.		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· State and explain the different trends in the banking industry · Stress on the importance of the different trends in making the banking industry efficient and effective	· Understand the role of trends in the banking industry · Describe the importance of the trends in making the banking industry efficient and effective	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Oral questions tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person · Give a quiz	· Note taking · Listening to resource person · Perform a quiz
summary	The delivery of the lesson was well done.

Overview and purpose Emerging trends in banking The lesson will focus on the emerging trends in banking industry. The main aim of the lesson is to enlighten the students on the new inventions and innovations in the banking industry.		Education standard addressed
	Teacher guide	Student guide	Materials Needed:
Objectives	· State and explain the different trends in the banking industry · Stress on the importance of the different trends in making the banking industry efficient and effective	· Understand the role of emerging trends in the banking industry · Describe the importance of the emerging trends in making the banking industry efficient and effective	Notes and coins( money) Charts Business Grade 11 textbook
Verification	Oral questions tests and quizzes	Oral answers Perform tests and quizzes given
Activity	· Give notes · Invite resource person · Give a quiz	· Note taking · Listening to resource person · Perform a quiz
summary	The delivery of the lesson was well done.

APPENDICES

QUIZ 1

1. Define the terms money and banking.

2. State four characteristic of money.

3. Explain the concept of demand and supply of money.

4. Describe the process of development of the banking industry.

5. State and explain the functions of the central bank.

6. Describe four ways in which emerging trends are making the banking industry efficient and effective.

7. State and explain four monetary policies.

8. Highlight four similarities between non-bank financial institutions and commercial banks.

QUIZ 2

In your groups, come up with one emerging trend in the banking industry. Discuss on the various ways it can be implemented for efficiency and effectiveness in the banking industry.(20 Mks)

ASSIGNMENT INSTRUCTIONS

1. Answer all the questions.

2. The project should be done as a group and submitted before deadline. Failure of submission before the deadline will attract a 10% deduction of the total marks.

GRADING RUBRIC

EXCELLENT	GOOD	AVERAGE	BELOW AVERAGE
Answers all the questions satisfactorily	Answers all the questions but not satisfactorily	Does not answer all question but answers the rest satisfactorily	Does not answer all questions and the rest are answered unsatisfactorily
90%	70%	60%	45%

References

Wiggins, G. P., Wiggins, G., & McTighe, J. (2005). Understanding by design. Ascd.

Wiggins, G. P., & McTighe, J. (2011). The understanding by design guide to creating high-quality units. ASCD.

Wiggins, G. P., & McTighe, J. (2012). The Understanding by design guide to advanced concepts in creating and reviewing units. ASCD.