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Economic/Monetary Systems

Consumers, producers, supply, demand...these are components of our system of economics. We are an important part of this system--consumers keep the economy going. Everytime we buy something, we are sending a message to a manufacturer that we like the product and that they should keep making it.

Sample some of the following activities to learn more about economic systems.

 

Places To Go    People To See    Things To Do    Bibliography

Places To Go

The following are places to go (some real and some virtual) to find out about economic systems.

Federal Reserve
Visit the Federal Reserve to learn more about economics. The Federal Reserve facilitates monetary and credit conditions with the goal of providing favorable conditions to business ventures that are agricultural, industrial, and commercial.
H.I.P. Pocket Change
Check out money lesson plans, kid's clubhouse, and interactive money games at this web site all about coins.
Museum of American Financial History
Check out the Museum of American Financial History, the nation's only independent public museum dedicated to celebrating the spirit of entrepreneurship and the democratic free market tradition.
Treasury Building
Take a virtual tour of the United States Treasury Building. Learn about the history of the Treasury Department and its role in the Federal government.

 

People To See

Ask the Mint
Email your questions about money or the minting process.
Dr. Econ
You can email him your questions about monetary and economic quandaries. Also check out his section on previously asked questions and answers.
Mutilated Money
What does a bank do with torn or worn out money?
Nobel Prize in Economic Sciences
Meet prize winners in the area of economics. The first Prize in Economic Sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969.

 

Things To Do

American Currency Exhibit
Explore the Federal Reserve Bank of San Francisco's American Currency Exhibit online and watch history come alive as you step back in time to our nation's beginning. Learn how our country's rich history is closely tied with our currency.
American Numismatic Association
The American Numismatic Association (ANA) homepage to help all numismatists, coin collectors with their hobby. We strive to further the educational impact and outreach of this hobby to the collector and the public.
Anatomy of a Banknote
Examine a $1 bill. Look at all the details. Do you see the watermark? From this website, you can learn about many of the details of paper currenty. Do you know about the serial numbers and authorized signatories?
BizWorld
Through the BizWorld program, help students understand business, entrepreneurship, economics and money management. The downloadable activities are free.
EconEdLink
Access complete economic lesson activities that are classroom-ready.
Economic Education Station
Participate in a variety of learning activities geared to basic economic principles such as supply and demand. This site also has PowerPoint presentations that teachers can download and use instructionally in the classroom.
Federal Reserve Education
Test your knowledge about Federal Reserve history through this quiz or word search. Additional quizzes and word searches are also available.
It All Adds Up
Play online games that help high school students learn about credit management, buying a car, paying for college, budgeting, saving, and investing.
The Mint
This site provides basic information about starting a business, earning money, spending it wisely, and saving and investing. It includes quizzes, games, glossary of financial terms, and a look at how consumer habits influence the economy.
Money Origami
Borrow a dollar from one of your parents and return it as a work of art! Using a dollar bill, you can make a spider, a butterfly, a sailboat, and more!
United States Mint
In January 1999, a series of five quarter dollars with new reverses were issued each year from 1999 through 2008 celebrating each of the 50 states of the union. Find out where Utah ranks in the order in which it became a state. What year did we get OUR quarter.
United States Treasury: Fact Sheets
Learn more about the history of currency and coins in the United States.
Universal Currency Converter
Convert U.S. dollars to Euros and convert dinars to liras.
Universal Currency Converter
Free currency converter or travel reference card using daily OANDA Rates. Convert currencies using interbank, ATM, credit card, and kiosk cash rates.
Wise Pockets World
Help students learn the ins and outs of managing money. Click on Wise Pockets Schoolhouse for Teachers from the menu on the left. Find economic lesson plans and activities with literature connections.
The Young Investor Website
You'll find games with money themes, basic guides to money and investing, an ask an expert feature, and a quiz.
Youthlink: Social Security For Kids and Teens
Try and understand social security.

 

Bibliography

  • Armentrout, Patricia. How Money Is Made. Vero Beach, Fla.: Rourke Press, c1996.
  • Barabas, Kathy. Let's Find Out About Money. New York: Scholastic, 1997.
  • Godfrey, Neale S. Neale S. Godfrey's Ultimate Kids' Money Book. New York: Simon & Schuster Books for Young Readers, c1998.
  • Nathan, Amy. The Kids' Allowance Book. New York: Walker and Company, 1998.
  • Otfinoski, Steve. The Kid's Guide to Money: Earning It, Saving It, Spending It, Growing It, Sharing It. New York, NY: Scholastic Inc. 1996.
  • Young, Robert. Money. Minneapolis: Carolrhoda Books, c1998
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