Go Back to School with the Latest Resources from Federal Reserve Education

Federal Reserve Education

Welcome Back!

As you plan for the new school year, take time to check out some new Fed resources. You can use these materials and tools to teach a variety of personal finance and economics concepts. In addition, there are offerings for various grade levels, opportunities to incorporate differentiated instruction, and various options to follow us on some commonly used social media platforms for future updates and new releases.

Charting the path to college and careers

High school
The San Francisco and Richmond Federal Reserve Banks have created an online, interactive mini-course, Invest in What's Next, to help high school students explore potential education and career paths after graduation. In the first lesson, Exploring My Options, students will build a plan that is suited to their particular interests, desired lifestyle, and the income required to achieve their goals. The tool offers routine tests of students' knowledge, personal research links, and a repository of their research and plans. Be on the lookout for the release of lesson two, Budgeting for My Future, and lesson three, Building My Plan.

Grades 7–9
If you prefer a recyclable workbook that comes with accompanying lesson procedure documents and PowerPoint slides, please check out the Dallas Fed's new publication, Navigate: Exploring College and Careers. It was designed for seventh- to ninth-grade students to investigate career and college prospects as they prepare for life after high school. Teachers, school counselors, and media specialists can order individual students copies and the companion teacher handbook. 

Oldies but goodies get a facelift

The San Francisco Fed's popular Chair the Fed: A monetary policy game has been updated. The resource now includes a series of behind-the-scene videos featuring Glenn Rudebusch, San Francisco Fed executive vice president and research director. Rudebusch answers questions about the economic model used in the game, the Fed's dual mandate, how the game is similar to the real world, and more. Using headlines to guide them over the course of four years (16 quarters), players raise or lower the fed funds rate to hold inflation near the Fed's 2 percent inflation target and unemployment close to its natural rate of 5 percent. 

The Dallas Fed has expanded its widely used personal finance resource, Building Wealth, to include an online guide and new interactive PDFs, web tools, and Excel spreadsheets. Teacher tools include comprehensive procedure documents that support the interactive lesson plans. Use these resources to teach about the importance of setting financial goals, budgeting, saving and investing, building credit and managing debt, and using insurance to protect wealth. You can order individual printed guides for your students. In addition to the web and print versions, there is a tablet-optimized version and a mobile app that can be downloaded to Apple, Android, and BlackBerry devices. 

Personalizing a popular economic indicator

Atlanta Fed economist Brent Meyer and senior economist and vice president Mike Bryan have developed a new tool, myCPI, that allows users to select from a series of differentiated demographic characteristics such as income, education, age, gender, and size of household to create a more personalized measure of their cost of living as compared to the official U.S. Bureau of Labor Statistics' Consumer Price Index, or CPI. If you wish to receive monthly updates, sign up to receive e-mail notifications that include current data and your unique CPI number.

New online courses and videos

High school
The St. Louis Fed has added separate online courses on monetary and fiscal policy to its extensive list of offerings in the Econlowdown management tool. The fiscal policy course offers two interactive lessons to teach students the basics of how Congress and the president work to promote economic stabilization through tax laws and the federal government spending process. Students will learn about the Federal Reserve System's efforts to promote economic stabilization such as price stability and maximum employment in the monetary policy course. Both courses include a pre- and post-test, discussion board questions, and a real-time polling question feature in addition to unit knowledge checks. Student progress and test results are automatically entered into your teacher gradebook. If you haven't done so already, we encourage you to register as an instructor so you can get started creating your classrooms and assigning these and many other economics and personal finance courses to your students.

Elementary and middle school
In addition to the online course feature, Econlowdown has a video Q&A component. Once enrolled, students watch a short video then take a multiple choice quiz to test their comprehension of the key concepts. The number of times students watch the video and their highest quiz score are automatically recorded in the teacher's gradebook. You can choose to use any of the animated video series. The Kansas City Fed's Financial Fables are economic and personal finance money morals designed for students in grades K–5. Your students will delight in learning from the cast of feathered characters featured in Percy Peacock and the Credit Crisis, Shopping Wisely with Olivia Owl, Oscar Ostrich Faces the Future, and Penny Pigeon and the Missing Nest Egg. Exploring Economics is designed for upper-elementary and middle school students to introduce key economic concepts such as the economics of infrastructure and transportation and all about money. 

Social media

For those pinners out there, both the Kansas City and San Francisco Fed economic education teams have popular Pinterest boards that highlight timely and innovative teaching tips and tools. The boards feature key economic and personal finance topics as well as educational technology and pedagogical strategies. Do you tweet? If so, whom do you follow? Want to stay abreast of all our new resources and the latest in economics, banking, and all things Fed? We encourage you to follow us on @AtlantaFed and on the System Economic Education channel, @FedEconEd

Upcoming programs in the Sixth District

Webinar
Please save the date for the first Classroom ECONnections webinar on September 15 from 3 to 4 p.m. (CT).  Learn about resources from the Federal Reserve System for teaching economics.

Alabama: In-person programs

September 2, 2015

Figuring out the Finance, Part 2: A Look at Credit, Investing, and College and Career Ready

The Westin Huntsville

Julie Kornegay
205-968-6728

Registration

September 15, 2015

Dinner and a Movie: Confessions of a Shopaholic

Birmingham Branch

Julie Kornegay
205-968-6728

Registration

Florida: In-person programs

September 3, 2015

Evening with the Fed

Miami Branch

Gloria Guzman
305-471-6463

Registration

October 15, 2015

Evening with the Fed

Jacksonville Branch

Lesley Mace
904-632-1133

Registration

Tennessee: In-person programs

September 10–11, 2015

Teaching Personal Finance: Employment Requirement Training for Tennessee Educators

Nashville Branch

Jackie Morgan
615-251-7239

Registration

October 12–13, 2015

Teaching Personal Finance: Employment Requirement Training for Tennessee Educators

Middle Tennessee State University Murfreesboro

Jackie Morgan
615-251-7239

Registration