The Classroom Economist Explains the Federal Reserve

How did the Federal Reserve get started? Why did early attempts at central banking fail? What is the mission of the Federal Reserve? How does the gold standard work? How did the Federal Reserve respond to the Great Depression? History and economics teachers alike will find answers to these questions and more in the seventh edition of the Classroom Economist, coming out this fall.

Each edition of the Classroom Economist features six teaching tools to enhance your discussions of the topic and engage your students with learning through technology:

  • Chat with an Economist—Tom Cunningham, vice president, senior economist, and regional executive of the Federal Reserve Bank of Atlanta, shares an economist's view on the history of the Federal Reserve and its role in the economy
  • Classroom Demonstration—Increase student understanding of the effects of the Great Depression and the tools the Fed has to improve the economy with this video featuring the interactive classroom lesson demonstrated by a master teacher.
  • PowerPoint Lesson—Use the PowerPoint presentation with audio in the classroom, as a professional development tool, or as a resource for students to explore on their own.
  • Smart Lesson—Complement the teaching of content with this interactive whiteboard lesson that will actively engage your students and bring a fresh perspective to the lesson.
  • Test Your Knowledge—As a quiz, a classroom learning tool, or even a self-assessment, this PowerPoint based assessment tool has a variety of applications to check comprehension.
  • Resource Guide—In the resource guide teachers find links, lessons, and more to enhance your unit on the history of central banking and the Federal Reserve.

If you didn't check in with us this summer, be sure to check out the sixth edition of the Classroom Economist on gross domestic product. With all six features, including an original classroom lesson with accompanying PowerPoint, teachers have a technology based toolkit to build a comprehensive unit on the topic. Earlier editions include the topics of inflation, money, fractional reserve banking, monetary policy, and unemployment. Just a click and you're there! Invite the Classroom Economist to your classroom today!

By Lesley Mace, economic and financial education specialist with the Jacksonville Branch of the Federal Reserve Bank of Atlanta
August 29, 2012