Politics and Public Policy in the United States

CONTENTS OF CURRICULUM UNIT 20.03.01

  1. Unit Guide
  1. Introduction
  2. Rationale
  3. Content Objectives
  4. Content Background
  5. Teaching Strategies
  6. Classroom Activities
  7. Resources
  8. Appendix on Implementing District Standards
  9. Notes

It’s the Economy, Stupid: Lessons in Economics, Banking, and Personal Finance from the Financial Crisis of 2008

Alexander de Arana

Published September 2020

Tools for this Unit:

Teaching Strategies

This curriculum unit uses the following teaching strategies to teach the content background.  While other instructional methods may be included, these listed strategies most effectively teach the content at Bodine High School.

Analyzing Film and Texts

Students will read journals, magazines, government documents, and newspaper articles.  Excerpts and video clips from Understanding the Crash, The Big Short: Inside the Doomsday Machine (the book and the movie), After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead, Confidence Men: Wall Street, Washington, and the Education of a President, and Winning at the Loser’s Game: Timeless Strategies for Successful Investing will be assigned.  These readings will offer information on the Financial Crisis of 2008 and the Great Recession to learn about economics, banking, and personal finance.  By relying on and citing textual evidence from contemporary news sources, debating topics of the Financial Crisis of 2008 will improve literacy and critical thinking skills.

Occupational Outlook Research

The Financial Crisis of 2008 serves as a reference for students to understand the impact the economic crisis had on the working- and middle-class.  Each student will research an occupation of their choice.  Using this occupation, they will research their anticipated salary to create a monthly budget.  Students will use information from the US Department of Labor to research the type of schooling and training needed in their corresponding job field.  Additionally, students will research the job growth rate as well as any benefits that are common for their desired occupation.

Monthly Budget

Using a template, students will create a realistic monthly budget according to a researched salary.  They will have to account for issues such as mortgage payments, forms of transportation, methods of saving, and investing in today’s market.  Ideally, this strategy will help students transition into their first year of adulthood, as many students will take on debt from student loans and will begin to work as young professionals.  This strategy both encourages students to remain informed about the country’s economic state while also assisting them in learning to become responsible with their own money.

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