Council for Economic Education
Econ Ed Link: It's a Not So Wonderful Life
In this lesson young scholars learn about banks and banking. The study the fractional reserve system, and the role the Fed plays in the money creation process.
Council for Economic Education
Econ Ed Link: Multipliers and the Mystery of the Magic Money
Students learn about the purpose of the reserve requirement, how money is "created" in the economy through fractional reserves, and how the Federal Reserve uses the reserve requirement and loans to correct economic instability.
Council for Economic Education
Econ Ed Link: Focus on Economic Data
This lesson focuses on the May 1, 2013, press release by the Federal Reserve System's Federal Open Market Committee (FOMC) on the current Federal Reserve monetary policy actions and goals, and specifically, the federal fund's rate...
Council for Economic Education
Econ Ed Link: Jokes, Quotations, and Cartoons in Economics
Students will apply their knowledge of economics to the analysis and interpretation of jokes, quotations, and cartoons in economics. Students will watch a Paul Solman video of an interview of Yoram Bauman, the Stand up Economist....