Lesson Plan: Banks Economics
This lesson plan includes the objectives, prerequisites, and exclusions of the lesson teaching students how to identify the role of banks in the economy and the functions served by different types of banks.
Students will be able to
- understand that banks serve as financial intermediaries between savers and borrowers,
- understand the characteristics and functions of the following: central banks, commercial banks, specialized banks, and investment banks,
- know the characteristics and functions of the new types of banks: universal banks and electronic banks,
- know the history of the development of banknote issuance in Egypt,
- understand the need for restrictions when issuing banknotes and that businesses are required by law to accept banknotes issued by the central bank,
- understand the interpretation of credit money as a bank’s debt and its current trend as a replacement of banknotes.
Students should already be familiar with
- different types of money and e-money,
- characteristics and functions of money,
- types of electronic payments,
Students will not cover
- credit unions,
- virtual currency (cryptocurrency),
- components of monetary policy,
- bank reserve requirements.