Atlanta Fed Adds another Tool to Teachers' Toolkit
The latest installment in a video series produced by the Atlanta Fed looks at the economy's gross domestic product, or GDP. The video's engaging graphics and straightforward examples can help your middle and high school students understand total output and the difference between real and potential GDP. The video explains why economists in the Federal Reserve System closely monitor GDP—as the nation's central bank, the Fed is charged with setting its policies so that, over time, the economy is performing at its full potential.
The video series debuted in April with a primer on inflation. That first video defines inflation and the price level and explains the difference between inflation and cost-of-living price increases. It also describes the Federal Reserve's role in managing inflation.
The Fed Explained is a feature on the Bank's website dedicated to content that explains the work of the Federal Reserve and helps demystify key economic concepts. The feature highlights a broad range of new and existing resources that have been aggregated on one web page for general audiences to learn about the work of the Federal Reserve System. In addition to the video series, The Fed Explained highlights "Econ 101," a brief analysis of current economic issues. ("Econ 101" is a regular column in EconSouth, the Atlanta Fed's quarterly online and print publication on the Southeast economy.) A FedFAQ also allows users to get information about the Fed by searching on key words or categories.
The Atlanta Fed is part of the nation's central banking system, which Congress created in 1913. The Federal Reserve conducts monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices, supervises and regulates banking institutions, and helps ensure that the nation's payments systems operate smoothly. The Atlanta Fed serves the Sixth Federal Reserve District, which encompasses Alabama, Florida, and Georgia and sections of Louisiana, Mississippi, and Tennessee. The Atlanta Fed participates in setting national monetary policy, supervises numerous commercial banks, and provides a variety of financial services to depository institutions and the U.S. government.
August 29, 2012