Keeping It Real: Teach ACRL Information Literacy Frames with FRED Data

This lesson plan is designed to supplement the “FRED Interactive: Information Literacy” online module available through www.econlowdown.org and includes the following:

Part A: Reviewing “FRED Interactive: Information Literacy” Online Module Content: Students review a FRED graph made in the module; define the concepts nominal, real, and inflation; and discuss basic strategies for establishing the reliability of a data source.

Teachers: Visit the FRED Interactives in our Econ Lowdown Teacher Portal. Once you are logged in, go to the Resource Gallery and filter by “Resource Type: Interactive Lesson” to easily find and preview the FRED Interactive lessons.

Part B: ACRL Information Literacy Frames as FRED-Integrated Abilities: The frames Research as Inquiry, Information Creation as a Process, Scholarship as Conversation, and Authority Is Constructed and Contextual are highlighted.
With Option A, students work in FRED and use the formula real = (nominal/CPI)*100 to plot inflation-adjusted minimum wage rates for two states and compare the results. With Option B, students work in FRED to plot and compare nominal and real earnings differentials for men and woman.

Part C: Assessment: A variety of in-class and out-of-class activities offer the teacher choices to assess student skills.

Part D: Resources: Links to resources and a glossary of terms provide additional learning opportunities.

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Education Level: 9-12 College
Subjects: Economics Data Literacy
Concepts: Inflation/Deflation Income Markets
Resource Types: Data Lesson Charts/Graphs
Languages: English