preview

Money and Banking Topics

Satisfactory Essays

The topic this assignment will focus on is Money and Banking. As specified in the leaving certificate economics syllabus the Money and Banking topic covers a large number of subtopics: brief historical survey; functions of money; types of money; banks and the creation of credit; Central banks and the control of money; demand for and supply of money; national and international financial institutions and recent developments in the banking sector.
In order to teach this topic well the teacher needs to be an expert in their subject area and have a wide knowledge of the specific topics they must cover according to the subjects’ curriculum, and how this topic is related to other topics on the economics syllabus or leaving certificate curriculum, referred to as horizon content knowledge by Ball et al. (2007). They must also have a common content knowledge about Money and Banking that will allow them discuss in greater detail the recent developments and changes to the country’s money and banking system over the last decade.
According to Ball et al.’s (2007) model a teacher also needs to acquire pedagogical content knowledge also, this includes knowledge of content and students, teaching and curriculum; being able to make sense of the students work and choosing powerful ways of representing the subject so that it is understandable to students. In other words, a teacher needs to be familiar with their own students’ abilities and plan their class to meet their students’ needs and

Get Access