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Students Analyze the Pros and Cons of Real Examples of Fiscal Policy

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Students Analyze the Pros and Cons of Real Examples of Fiscal Policy

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Using the D2L discussion tool, students have the opportunity to discuss their chosen example of fiscal policy. Examples could include the American Recovery and Reinvestment Act (2009) or the Car Allowance Rebate System aka "Cash for Clunkers". Students will discuss the history of their chosen policy and research data as to the pros and cons of implementing the policy.

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Students Creating Review and Assessment Content

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Students Creating Review and Assessment Content

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I would like to try creating a class area in quizlet and letting students create content that all of the students can access and use for practice.  I have recently purchased a one year teacher subscription to the teacher version of the quizlet website so that I can experiment with a F2F class.  I had a student one semester create flashcards and other tools and really seemed to like it.  This will be a work in progress.  If anyone else is interested in trying this tool, please follow this link: https://quizlet.com/upgrade?referrer=Carol_Martin4.
If I refer another teacher, the referred teacher gets 20% off the 24.99 annual subscription and I get an extra 6 months free.

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Engage your students in and out of the classroom with interactive study material, learning activities and games.

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In addition to learning how to calculate unemployment, it is important for students to understand who the number includes as well as who is excluded.  Moreover, when students study the demographic composition of the the statistic, they quickly realize that unemployment does not affect all groups in the same way.  This activity allows students the opportunity to review the latest unemployment rate release and review the data by ethnic group, age, gender, and educational level.

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De-Mystifying the Federal Reserve and Monetary Policy

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De-Mystifying the Federal Reserve and Monetary Policy

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In order to show how the Federal Reserve Bank implements monetary policy to affect the economy, students will view a variety of videos produced by the Federal Reserve Bank of Atlanta.  Videos include: "The Fed Explains Monetary Policy", "The Fed Explains Real vs. Potential GDP", and the "The Fed Explains the Central Bank".

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The newest episode of the Fed Explained video series focuses on monetary policy: the role of the central bank, how it achieves its economic goals, and some of the tools developed in response to the financial crisis.

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The Debate That Continues to This Day...

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The Debate That Continues to This Day...

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Since the Great Depression, there has been the ongoing debate as to what, if any, role government should have in steering an economy.   Using the economics rap video "Fear the Boom and Bust" as well as two biographical documentaries produced by the BBC about John Maynard Keynes and Friedrich Hayek, students will have the opportunity to add their thoughts to the debate in the current day.

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Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!

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It's About People and Not Just Equations 

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It's About People and Not Just Equations 

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As a way to have students think about economic calculations as being about people and not just numbers, students will watch and discuss the NBC Dateline video America Now: Lost in Suburbia that was filmed in Boulder County in late 2011 and broadcast during the spring of 2012.  It follows the experiences of several middle class families during the aftermath of the Great Recession.  My intent is to link the relationship between economic business cycles and their impact on society, families, and children.  In the past, I have used this assignment as a D2L discussion with my F2F classes.  Students have felt a sense of community to the point that, while certainly not required, they have chosen to share their personal experiences with unemployment and homelessness.

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Video on msnbc.com: The Windemuller and Welch families lead comfortable middle-class lives in the affluent suburbs of Boulder, Colorado, when a sudden job loss throws each of the families into a financial and personal crisis.

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There are many economic blogs in our digital world. This gives students the opportunity to read what other economic experts think about topics covered in the course. For example, former Federal Reserve Chairman and expert on the Great Depression writes a blog covering current economic topics.

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The Brookings Institution is a nonprofit organization based in Washington, D.C. Our mission is to conduct in-depth, nonpartisan research to improve policy and governance at local, national, and global levels.

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Students learn the mechanics of calculating Gross Domestic Product (GDP), the Consumer Price Index (CPI), and the Unemployment Rate.  Using the D2L discussion tool, students can find current economic data and discuss these key economic measurements.

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Personal income increased 10.0 percent (monthly rate) while consumer spending increased 2.4 percent in January as provisions of the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act enacted on December 27, 2020, began to take effect.

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Personal income increased 10.0 percent (monthly rate) while consumer spending increased 2.4 percent in January as provisions of the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act enacted on December 27, 2020, began to take effect.

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Students should experience how economic concepts and models are seen in the real world.  Then, they can have the opportunity to share their examples, which also creates an opportunity to create a sense of community with their classmates.  This is an example of a padlet I created.  A padlet for a course could be created allowing students to add their content and examples.

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The Bureau of Labor Statistics is a robust website with many useful tools and economic data.   One possible student activity involves students using the site to research their chosen or proposed career to determine the educational requirements and future demand....

Are you thinking about your first career of your next career? What do the economists at the Bureau of Labor Statistics think are the careers for the next decade and what skills do you need to be ready for them. Visit http://www.bls.gov/ooh/ and search for your dream career.