It's All Greek to Me: Understanding the Debt Crisis in Europe

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It's All Greek to Me: Understanding the Debt Crisis in Europe

Description:

Why is Greece experiencing a major financial crisis? How are its fiscal woes connected to the rest of the European Union, Europe and global financial markets? In this lesson, students complete a List/Group/Label activity to familiarize themselves with key terms, then research a single term further in order to teach their classmates about it. They then create a math or financial problem that demonstrates how the term "works." They not only become conversant with the European crisis but also develop financial literacy by putting key economic terms in context.

Education Levels:

6, 7, 8, 9, 10, 11, 12

Subject:

Economics, Current Events/issues, Mathematics, Writing (composition)

Resource Type:

Lesson plan

Fee Status:

Free

Online provider:

The New York Times

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Keywords:

Debt restructuring, Sovereign debt, Financial markets, Financial crises, Taxes, Euro, Investors, Bailouts, Global economies, Greece, International Monetary Fund (IMF), European Union

Mediator:

Secondary school teachers, Middle school teachers

Publisher:

The New York Times

Contributor:

Shannon Doyne, Holly Epstein Ojalvo

Is Part Of:

http://learning.blogs.nytimes.com/

Language:

English

Subjects/Topics

P21 Subject:

Mathematics, Language Arts, English, Economics, Global Awareness, Financial, Economic and Business Literacy

Learning Outcomes:

Conforms To

Louisiana Content Standards for Social Studies (2005)

Economics: Interdependence and Decision Making

1. Fundamental economic concepts

e. Explaining the basic features of market structures and exchanges (1, 3, 4);

Conforms To

Louisiana Content Standards for Social Studies (2005)

Economics: Interdependence and Decision Making

3. The economy as a whole

c. Analyzing the causes and consequences of unemployment, underemployment, and income distribution in a market economy (1, 2, 3, 4);

Conforms To

National Standards for History, Revised Edition, 1996 (1996)

World History Standards for Grades 5-12 (Content Standards)

Era 9
The 20th Century Since 1945: Promises and Paradoxes

Standard 3: Major global trends since World War II

Standard 3A
The student understands major global trends since World War II.

Conforms To

Social Studies (Primary, Intermediate, High School) (1998)

World Civilization
1500 - Present

Government and Civics (2.14, 2.15)

explore ways in which stability and peace are pursued in an interdependent world

Conforms To

National Standards for History, Revised Edition, 1996 (1996)

World History Standards for Grades 5-12 (Content Standards)

World History Across the Eras

Standard 1: Long-term changes and recurring patterns in world history

This data provided by the Achievement Standards Network

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It's All Greek to Me: Understanding the Debt Crisis in Europe

It's All Greek to Me: Understanding the Debt Crisis in Europe

Subjects/Topics

Learning Outcomes:

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