Summary:	Reflections on the money: what is it and how is it used?
	1 – 2 hours
	Linked to assessment

Understanding a key aspect of macroeconomics: Money.

1. Money and money function definitions from MIT: Veronica Guerrieri’s “Principles of Macroeconomics, L10: Money”.
2. Follow up by reading this section about money, to gain even better understanding.
3. Knowledge acquired through your reading of Financial speculation: the good, the bad and the parasitic.

One of the key things you need to understand when looking at Macroeconomics is what money is and what it is used for. The purpose of this learning challenge is:

• To ensure you understand what is and isn’t money.
• To learn about money and “near-money”
• To understand the differences and the drawbacks of the two.