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This Episode 14: Getting Real about Interest Rates podcast also includes:
- Reading Passage
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It costs money to borrow money. Historians use a podcast to investigate how interest rates impact buying—and borrowing—in the marketplace. The 14th episode in a 21-part Economic Lowdown series researches the extra money people must pay back to obtain funding needed right now. Individuals are often shocked when they realize how much borrowing others' money costs in the long run.
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CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- Extend the lesson with an exercise investigating current interest rates available on mortgages and credit cards
- Invite a local banker as a guest speaker to discuss how interest rates impact the economy and investments
Classroom Considerations
- Be sure the class has Internet access if assigning the podcast as homework
Pros
- Teacher materials include questions on the Econ Lowdown website
- Lesson provides both audio and visual learning opportunities for differentiated instruction
Cons
- None