Life Skills Teacher Resources
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Addressing the concept of reserve ratios, Sal outlines the necessity and purpose of regulating the reserves within the banking system. He describes how an ideal banking system stays liquid, whereas a chaotic banking system might experience a bank run. This video would be ideal in an economics lecture, or even in a history class addressing the bank runs during the Great Depression.
Why carry around a heavy suitcase full of gold when you can write a check to your neighbor in the village? Sal's village banks flourishes in this video with the introduction of checks, demonstrating how a check essentially works. While this video is helpful for those interested in economics, anyone who is about to gain access to a checking account could use the lesson provided here.
Taking viewers through the process of creating a reserve bank (Federal Reserve), Sal introduces the idea of government involvement in modern banking. Additionally, he explains the obligation of the government to cover the reserves, and why bonds issued by the government are risk-free.
Exploring a world with more than one bank, Sal illustrates the balance sheets of each fictional bank, as well as explaining the possible problems that could result with inconsistent reserve ratios requirements. The video details how one bank run can affect everyone, creating "a weak link in the chain" of commerce.
With bright, simple diagrams, Sal explains the role of the Federal Reserve as it relates to lending rates between banks. He discusses open market operations and the way the "Fed" connects to Congress and the U.S. Government.
With just 1000 pieces of fictional gold, Sal takes viewers through the process of fractional reserve banking. He explains how deposits made into a bank can be both assets and liabilities, and the role of having reserves. Additionally, he demonstrates the multiplier effect to show how the modern banking system is sustained.
Going deeper into the concept of the Federal Funds Rate, this video guides viewers through the process of inter-bank lending, much like the previous video (Banking 14). Sal's easygoing approach is simple to understand and fun to watch.
Posing a central question about how the economy can increase or decrease its money supply (5:00), Sal launches into a discussion about an expanding, or "elastic" money supply that can change along with its economy. Viewers will finally be able to understand how money can be "expensive" and how the process relates to the Federal Reserve Bank.
After a short review on the banking process and lending procedures, Sal outlines some of the problems and weaknesses of fractional reserve banking. Additionally, he details the differences between illiquidity and insolvency, as well as how one weak bank in a fractional reserve banking system can make life difficult for an entire economy.
Some banks escaped certain disaster with a bailout by the government. But, what about the rest? Sal explains the intricacies and dynamics of a bailout down to the details on a balance sheet. He also provides a thorough definition of bankruptcy through the example of Lehman Brothers.
Viewers learn about the value of liquidity and solvency in this video, which addresses not natural science but banking and finance. Sal explains the value of solvency for a bank, and how it relates to the process of making and receiving loans.
Demonstrating not only the working definition but the mathematical model of financial leverage, Sal shows viewers how leverage can keep a bank safe - or multiply its losses. Particularly helpful for a class session about bank regulation and bad loans, the video differentiates the ideas of issuing bad loans with insolvency.
As an introduction to the institution and function of banks in society, this video walks viewers through the concept of banking with colorful annotations and simplified narration. The lecture evolves naturally into a discussion about interest and investments, as well as identifying assets and liabilities. Social Studies and economics pupils will enjoy this straightforward and intuitive approach to modern banking.
Using his example of a growing village bank, Sal (the narrator) explains the ins and outs of the banking business, mostly from the perspective of the banker. This point of view can be helpful for people who see the bank as an institution that simply holds money, without considering the costs and liabilities of said institution.
“There is no story that is not true.” And Chinua Achebe’s Things Fall Apart, uses proverbs (“. . .the palm-oil with which words are eaten”), a compelling tragic hero, and historic events, to engage readers in the truth of his story of the culture clash between an African society and European colonialism. Here’s a study guide that does justice to the novel, that teaches, focuses attention on key events and concepts, and asks readers to make connections. Part I, chapters 1-13, focuses on Igbo cultural values and beliefs. Readers contrast the various villages’ practices to Western traditions, and consider their personal responses as well. Part II, chapters 14-19, asks readers to look at Oknokwo as a classic tragic hero and to examine the similarities and differences between the religious beliefs of the Igbo and the Christian missionaries. The final portion of the study guide, chapters 20-25, considers the European colonial presence and asks readers to consider how and why things fell apart.
Elementary schoolers explore the concepts associated with comparison shopping, and the concept of need versus want. They also look closely at the power of advertising and become more aware of the messages that ads present. After taking part in the activities in the instructional activity, pupils take a final 10-question quiz that assesses what they have learned from engaging in the instructional activity. Very good!
Students discuss types of housing, cost, location and terminology used in classified ads. They write a paragraph describing their image of the ideal home then exchange papers and edit each other's work.
Students discuss the importance of saving money by shopping sales and reading advertisements. They share personal practices with comparison shopping to save money then complet "Shopping" activity.
Students demonstrate how to count money through a simulated shopping experience. In this consumer math lesson, students read the book Just Shopping With Mom and count play money to illustrate how much the items in the book cost.
Here is an interesting topic. Learners examine the economics that led to the founding of the First Bank of America. They participate in a reader's theater experience depicting the debate between Alexander Hamilton and Thomas Jefferson over the beginnings of the first Bank of the United States. They read primary source documents and the booklet, "The First Bank of the United States." A fun way to introduce banking and US Economics.