Can you make decisions that will impact millions of people around the nation? Scholars research the role of the Federal Reserve, and its Chairman, on the economic outlook of the country. They analyze current trends in unemployment, economic data, and the business cycle while participating in a quick game that puts them in charge of the Federal Reserve System. Decisions on interest rates, employment, and stability result in an active atmosphere full of firsthand economic lessons. 

Concepts

the business cycle, economics, fiscal policy, the unemployment rate

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Additional Tags

social studies

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Instructional Ideas

• Preview the lesson with a short news report on policy of the FED chairman with the current economy
• Extend the lesson with a short reading from FED Chairman Powell to set the tone for the Chair the FED game

Classroom Considerations

• Resource is for high school students 9-12
• Serves as one part of an Economic Data series
  

Pros

• Printable worksheets and materials make it easy to implement
• Contains an assessment and answer key

Cons

• None

Common Core

RH.9-10.1 RH.9-10.2 RH.9-10.3 RH.11-12.1 RH.11-12.2 RH.11-12.3