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 what functions are 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 types of banks: central banks, commercial banks, specialized banks, and investment banks,
- know the characteristics and functions of the new types of banks: universal banks and electronic (or virtual) banks,
- understand the historical role of banks in issuing banknotes and the associated legal restrictions,
- know the history behind the development of banknote issuance in Egypt,
- 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 or cryptocurrency,
- components of monetary policy,
- bank reserve requirements.