Idea Transcript
CLASSROOM ECONOMIST
Monetary Policy - Resources Middle School What Is the Fed? This online resource from the Federal Reserve Bank of San Francisco explores the Fed's role in the formulation of monetary policy. It also explains other functions of the Fed. High School A Day in the Life of the FOMC: An Inside Look at the Federal Reserve's Monetary Policymaking Body This publication from the Federal Reserve Bank of Philadelphia explores the inner workings of the FOMC, or the Federal Open Market Committee. An Economic SIM-ulus Package This award-winning lesson plan introduces students to the structures and functions of the Federal Reserve. Students conduct research on economic data and simulate a Reserve Bank's board of directors' meeting. Ask Dr. Econ This resource of the Federal Reserve Bank of San Francisco answers the question: What is monetary policy? Core Concept Cards The Federal Reserve Bank of Kansas City offers games, activities, and online interactive materials using Core Concept Cards to build students' economic and personal finance vocabulary. Teachers can use the puzzle generators to assess student comprehension of the key concepts. EconEd Live! In Plain English: Making Sense of the Federal Reserve This online course introduces students to the structure and functions of the Federal Reserve System. This interactive course explores how the Federal Open Market Committee conducts monetary policy. Extra Credit The Federal Reserve Bank of Atlanta online newsletter posts articles six times a year. Teachers can find timely information on economic and personal finance topics, lesson plans, and ideas to use in the classroom. Fed Chairman Game This interactive simulation from the Federal Reserve Bank of San Francisco introduces students to the actions taken to implement monetary policy. The game offers a Fed "toolkit" to help students learn all of the essential concepts and actions associated with monetary policy. Students also have access to an economic dictionary on this site. Focus on the FRB These lessons from the Federal Reserve Bank of Kansas City explain the Federal Reserve System and how it helps control the growth of the U.S. money supply. Everyday Economics: Capital, the Economy and Monetary Policy This booklet from the Federal Reserve Bank of Dallas examines the role capital plays in the production of goods and services in the economy. Everyday Economics: The Federal Reserve, Monetary Policy and the Economy This booklet from the Federal Reserve Bank of Dallas explores the Federal Reserve and its role in conducting the nation's monetary policy. Everyday Economics: Labor, the Economy and Monetary Policy This booklet from the Federal Reserve Bank of Dallas looks at the role labor plays in the production of goods and services. It examines what affects the labor market and the role the Fed plays in the economy. Everyday Economics: Money, Banking and Monetary Policy This booklet from the Federal Reserve Bank of Dallas explores money as a medium of exchange. It also looks at how banks "create" money when they lend it and discusses the Federal Reserve's role in promoting economic growth without inflation. It's Not Your Mother and Father's Monetary Policy Anymore: The Federal Reserve and Financial Crisis Relief In this article, Andrew T. Hill and William C. Wood explain the nontraditional tools the Fed used during the 2008–09 financial crisis and compare these tools to the actions the Federal Reserve has traditionally taken when conducting monetary policy. Monetary Policy This lesson plan introduces students to the economic indicators the Fed uses to formulate monetary policy. In the lesson, students work in groups to explore how monetary policy works. Monetary Policy Starts in Your Own Back Yard In this activity from the Federal Reserve Bank of Atlanta, which is based on the DVD Monetary Policy: Part Art, Part Science, students learn about the structure and functions of the Federal Reserve System, the Fed's role in formulating monetary policy, and the way members of Reserve Banks' boards of directors contribute to shortterm interest rates. A primary goal of the lesson is to show that monetary policy is enhanced by the grassroots information that Reserve Bank directors provide. Reserve Requirements This web page of the Federal Reserve Board of Governors provides definitions related to fractional reserve banking. It also includes current reserve requirements, historical data, and regulations. The Trial of Monty Terry This award-winning lesson, which is available on the Federal Reserve Bank of Atlanta's website, offers a reader's theater that explores the role of monetary policy in the economy. In the lesson, students explore the structure and functions of the Federal Reserve as well. U.S. Monetary Policy: An Introduction This online resource from the Federal Reserve Bank of San Francisco examines how monetary policy is conducted. What Does the Fed Do? This lesson from the Federal Reserve Bank of Philadelphia introduces students to fractional reserve banking through an interactive simulation of the process. The lesson also teaches students about the Federal Reserve System's three basic functions. What Is the Fed? This online resource from the Federal Reserve Bank of San Francisco provides interactive maps, graphics, and diagrams as well as a concise overview of the Federal Reserve System's structures and functions. What Really Caused the Great Depression? In this lesson from the Federal Reserve Bank of St. Louis's Great Depression curriculum, students participate in a simulation of a bank run. The activity covers the concepts of bank reserves, bank failures, and bank panics. Word Search: Monetary Policy This word search tests students' ability to find all of the words related to monetary policy. Advanced High School and College Ask Dr. Econ This resource from the Federal Reserve Bank of San Francisco answers questions about the Federal Open Market Committee's monetary policy actions. FRED (Federal Reserve Economic Data) This is the Federal Reserve Bank of St. Louis's database of 41,000 economic time series. Teachers and students can download data in both Microsoft Excel and text formats, and view charts of data series. They can also build their own customizable graphs and charts. FRED iPhone/iPad App This app, available from the iTunes App Store, gives students and teachers access to nearly 34,000 economic data series from 37 regional, national, and international sources. FOMC Speak This online resource from the Federal Reserve Bank of St. Louis is a repository for speeches, interviews, testimony, and commentary by FOMC participants. Understanding Open Market Operations This online resource from the Federal Reserve Bank of New York explains how the Federal Open Market Committee uses open market operations to achieve its monetary policy objectives.
RELATED LINKS: Classroom Economist: Monetary Policy