B.++LEARNING+OBJECTIVES

** LEARNING OBJECTIVES: ** At the end of this module, the student will be able to:

 * · (Knowledge Level) Identify the three functions of money. (100% proficiency)
 * · (Knowledge Level) List the most common forms of payment used in today’s economy. (100% proficiency)
 * · (Comprehension Level) Identify significant historical events that led to the establishment of the Federal Reserve System. (75% proficiency minimum)
 * · (Comprehension Level) Explain how the Federal Reserve System is organized. (100% proficiency)
 * · (Comprehension Level) Explain the important roles that the Fed plays in the economy. (85% proficiency minimum)
 * · (Analysis Level) Explain how the Federal Reserve System is both centralized and decentralized. (75% proficiency minimum)
 * · (Comprehension Level) Explain the role and functions of the Federal Open Market (FOMC). (75% proficiency minimum)
 * · (Comprehension Level) Describe the tools of monetary policy used by the FOMC. (75% proficiency minimum)
 * · (Analysis Level) Analyze how monetary policy is used to control the flow of money in the economy. (75% proficiency minimum)
 * · (Application Level, Synthesis Level) Implement specific monetary policies to affect change in different economic scenarios. (75% proficiency minimum)