Essay on European Union Currency

Submitted By cjenis
Words: 490
Pages: 2
Open Document
1. Title – Six of One Half Dozen of Another
2. Topic – European History/Economics, The Euro
3. Objective – Students will demonstrate an understanding of the factors involved in determining the overall value of currency in today’s world economy. This lesson can be used as the culminating activity in a unit on the motivation for establishing the Euro as the currency for the European Union, and its growth and development.
4. Key Vocabulary – interest rates, employment outlook, economic growth, retail sales, central bank/government actions, manufacturing output
5. Grade Level – 11th – 12th grades

Step 1 – Anticipatory Set
1. Essential Question – List two factors you think would make one currency more valuable than another.
2. Objective – On the board create a list of student generated ideas on the factors that make a currency valuable.
3. Transfer from previous lesson – Review with students the information they have obtained on the Euro. Ask class, based on the list created on the board and their previous knowledge, to vote on whether or not the Euro is a valuable currency.
Step 2 – Instruction
1. Explain to class that they will be evaluating the value of the Euro in relation to the U.S. dollar. (lesson could also be used to compare the Euro with any other currency such as the yen, pound, etc.)
2. Students will use computers and internet to create a chart comparing the value of the Euro to the U.S. dollar.
3. Provide students with a copy of the chart they will create in the software of their choice, and a list of websites containing information and videos on the Euro and U.S. dollar. Allow students to use information from websites they may find on their own.
Step 3 – Guided Practice
1. Discuss each category on the chart to insure that students understand the nature of the information that will be used to fill in their charts
Step 4 – Review
1. When students complete their charts the teacher will go over the information on the different currencies with them. Students will explain to the teacher the strengths and weaknesses of each currency.
2. Students will provide oral explanation to the teacher, using at least three examples, of which currency they
Show More

Related Documents: Essay on European Union Currency

European Union Research Paper

The European Union was created with the goal of ending the brutal wars between neighbors, which escalated during World War ll. Europeans were determined to prevent massive killing and destruction from ever happening again. West European nations constructed the Council of Europe in 1949. The six founders of the European Union are Germany, France, Belgium, Luxembourg, Italy, and the Netherlands(Theodora). In 1957, the six founders expanded cooperation to different economic sectors. They devised and…

Words 2619 - Pages 11

Essay on Costs and Benefits of Poland Joining the European Monetary Union.

European monetary union is based on the assumptions of presence of fixed exchange rate, free movement of capital and coordinate monetary policy. Fixed exchange rates are preferred by producers and consumers of the European economy, since the economy becomes more predictable. In such market conditions, it is easier to foresee the future and plan the actions that are to be taken up in the future. The second assumption - free movement of capital - is crucial for optimizing the use of capital and for…

Words 1130 - Pages 5

The Euro Essay

designates the currency used by the Institutions of the European Union and it is also the official currency of the Eurozone. The Eurozone includes 17 of the 27 member states of the European Union (that is Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain). The currency is also used in a further five European countries and consequently used daily by some 332 million Europeans. Moreover, more…

Words 603 - Pages 3

The European Union Essay

The European Union The European Union is an economic and political union of 27 member states that are located primarily in Europe. The European Union is a society in which people come together in order to keep peace and security within their nations. The Union was officially founded in 1935 by 5 countries. “Germany, France, Italy, Romania, and Sweden.” The sole purpose of the European Union is to create a united Europe and to allow freedom of movement and enterprise mainly amongst the unions members…

Words 1654 - Pages 7

Essay on Euro: Crises or Not?

destroyed in the nearly decade-long conflict. Due to the obvious disunity that European nations shared, an idea was created out of the ashes of the largely European conflict: The European Union. In 1958, after attempting to create several different organizations to unite Europe (The European Coal and Steel Community, the European Economic Community, etc...) the European Union was organized. The objective of the European Union is both economical and political. The six original founding members (Belgium…

Words 1417 - Pages 6

European Union Essay

different types of council and courts that help make the European Union function as a whole. Without all of these councils and departments the European Union would fail and not be able to sustain itself. These different councils set up rules, laws, enforce the rules and laws and try to be as fair for all countries within the European Union. The European Commission proposes legislation and help implements decisions. The current President of the European Commission is Jose Manuel Barroso from Portugal.…

Words 618 - Pages 3

Spain 78 Essay

Spain’s currency: Spain currency or the currency used in Spain is Euro as it is located in southern portion of Europe. Being a part of the European and Euro zone, Spain adopted the common European Currency Euro (symbol: €) in the year 2002. This meant that a person from any of the countries of the European Union could now travel into Spain without worrying about currency exchange. The leader of spin: Angela Merkel (born 1954)…

Words 392 - Pages 2

The European Union Essay

delivered half a century of peace, stability and prosperity, helped raise living standards, and launched a single European currency, the euro. The single or 'internal' market is the EU's main economic engine, enabling most goods, services, money and people to move freely. According to Hill (2013), Economic integration is the key for the survival of the EU. While the EU has one unified currency, all members have different fiscal policies which has seen states such as Greece and Spain dealing with the fallouts…

Words 563 - Pages 3

Hungary Economic Crisis Essay

been a country riddled with fluctuating stability, political corruption, social unrest, and economic downturn. This cases study will investigate the economic and political history of Hungary, evaluate its decisions to enter the European Union but maintain a floating currency, comparatively analyze the position of the Hungarian forint, weigh the effects of Hungarian legislation, and ultimately answer the question as to whether Hungary is a good place for foreign investment. In 1867, Hungary became…

Words 2830 - Pages 12

Single Market Essay

the market, and analyse the ways that the European Union have tried to alleviate these problems to help move the market forward and make it more efficient. By removing trade barriers and allowing the free movement of capital, labour, goods and services, it means that the countries are given an added incentive to trade with each other. The removal of trade tariffs will lead to trade creation. Trade creation is what happens when the members of a customs union, such as the EU, remove trade tariffs.…

Words 2218 - Pages 9