New online courses offer interactive, monitored learning
In September, the Federal Reserve Bank of St. Louis education team unveiled Econ Ed Live Online Learning, a collection of new and readapted classroom resources. The online courses feature pre- and post-tests, discussion boards, real-time polling questions, and interactive assessments that allow teachers to monitor their students' progress and mastery of the content. Students can either complete the courses in a computer lab or as homework assignments. An instructor management tool captures student results.
The St. Louis Fed also offers a podcast series, Economic Lowdown, that teachers can use to introduce concepts to their students and that students will find valuable as study aids.
Econ Ed Live Online Learning currently offers four courses:
The Economic Lowdown podcast series has three episodes currently available: "Opportunity Cost" (episode 1) is a five-minute explanation of scarcity, opportunity cost, and choice. "Factors of Production" (episode 2) features "the building blocks of the economy." "The Role of Self-Interest and Competition in a Market Economy" (episode 3) highlights the forces of the invisible hand, competition, and self-interest in the economy. The series ultimately will feature economics, personal finance, banking, and monetary policy topics. Teachers can sign up to receive e-mail alerts for additions to the series.
For additional lesson activities and classroom resources, visit the Federal Reserve System's education website. Be on the lookout for lesson suggestions and educational offerings in upcoming issues of Extra Credit.
By Amy Hennessy, economic and financial education specialist, Public Affairs
October 15, 2010