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Wednesday, April 8, 2015

Engaging Lessons Based on Books

Alexander, Who Used To Be Rich Last Sunday (Grades K-2)

In the story, Alexander receives a dollar from his grandparents that he plans to save, but he spends it all, a little at a time. In this lesson, students count by 2’s to fill a container with 100 pennies. They are asked whether 100 pennies is the same amount of money as one dollar. They listen to the story, and as Alexander spends his money, students come up and remove the correct number of pennies from a container. At the end of the story, students are again asked if 100 pennies is the same amount of money as one dollar. Students discuss the choices Alexander made and give advice on how he could save his money to reach his goal of buying a walkie-talkie. (Book written by Judith Viorst / ISBN: 0-689-71199-9)

The Have a Good Day Cafe (Grades 3-5)

In this lesson, students learn how businesses use advertising to influence the choices consumers make. Using magazines, students see that advertisements combine facts and opinions to influence consumers’ tastes and preferences. Students also listen to a story about a Korean-American family that owns a food cart. They learn how the business changes as a result of competition and how business owners can influence consumers. Working in groups, students create print advertisements for the food cart in the book to see firsthand how advertisements can influence consumers’ choices through tastes and preferences. (Book written by Frances Park and Ginger Park / ISBN: 978-1-60060-358-7)

NEW Resources

Video: What Makes Something Useful as Money? (Grades 2-5)

This third video in the Exploring Economics animated series shows items that have been used as money in the past. It further explains why something used as money should be relatively scarce, generally acceptable, portable, durable, and divisible.

Tools for Teaching Economics Using Lawn Boy (Grades 6-8)

This six-session curriculum corresponds to the book Lawn Boy by Gary Paulsen (ISBN: 978-0-553-49465-5). Each session integrates economic content from specific chapters of the book. Topics include capital markets, circular flow, demand, diversification, supply, markets, opportunity cost, productivity, and risk.

Tools for Teaching GeoFRED®: Creating and Analyzing a Binary Map (Grade 6 through adult)

If you’ve never used GeoFRED® or if it’s been a while since you did, you will be amazed at this tool’s ability to map domestic and/or international time-series data from the Federal Reserve’s FRED® database. This activity demonstrates how easy it is to master this mapping tool and walks users through the steps for creating a binary map. Even the most dispassionate student will be interested in creating images using the extensive GeoFRED® database.

Page One Economics Newsletter

(Grade 8 through college)

January 2015 Issue (Classroom Edition): “Would a Gold Standard Brighten Economic Outcomes?”

Historically, money was made of either valuable commodities, such as gold or silver coins, or pieces of paper (bills) representing these commodities. The United States severed its last official monetary link to gold in 1971. This issue describes some of the advantages and disadvantages of the gold standard.

March 2015 Issue (Classroom Edition): “Is a Strong Dollar Better than a Weak Dollar?”

“Strong” is usually preferred over “weak.” But for the value of a country’s currency, it’s not that simple. “Strong” isn’t always better, and “weak” isn’t always worse. This issue explores some ups and downs of exchange rates between currencies.

Video: Bank Supervision and Regulation (Grades 9-12)

Episode 8 in the Fed Explained series explores how the Fed makes sure banks are operating safely and providing fair and equitable services to their communities. Other videos in this series discuss the role and responsibilities of the Federal Reserve. Each video is contained within our Instructor Management Panel and includes a multiple-choice quiz that students may take repeatedly to improve their score. To view the videos with the quiz, use your account on the EconLowdown Instructor Management Panel to view the videos with the quizzes, or simply view the videos.

Historical Inquiry with 75 Years of American Finance (Grades 8-12)

75 Years of American Finance: A Graphic Presentation, 1861-1935, is an 85-foot-long detailed timeline complied by L. Merle Hostetler in 1936 and available for viewing on FRASER®. The timeline presents key financial-related events of a given year, condensed on a single page, including innovations, agricultural prices, constitutional amendments, legislation, elections, congressional sessions, and even events abroad. This classroom activity explains the layout of the timeline and provides historical inquiry questions to evaluate any year within the timeline. The questions are divided into these four topics: observe, reflect, question, and analyze.

Bring Your Students to Our New Museum! (Grade 6 through adult)

The economy. Students hear about it every day, but how much do they actually know about it? The Inside the Economy™ Museum will immerse them in a one-of-a-kind experience that explains the economy—and their role in it—in a fun and interactive way. The museum is at the Federal Reserve Bank of St. Louis and is free and open to the public. Bring your class! Reserve your spot today.

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