Extra Credit (Spring 2007)

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Special Topic

Atlanta Fed announces Lesson Plan of the Year winners

image of woman holding an appleAt an awards ceremony at the Federal Reserve Bank of Atlanta on April 25, 2007, Patrick Barron, Atlanta Fed first vice president and chief operating officer, announced the winners of the Atlanta Fed's 2006–07 Lesson Plan of the Year contest. The contest challenged middle and high school educators to develop lesson plans featuring Federal Reserve publications, Web sites, or multimedia materials and was designed to introduce educators to Federal Reserve materials and resources available to them.

Regional winners
The four contest winners, representing areas served by the Atlanta Fed's branches, are Cheryl Morrow, of Spain Park High School in Hoover, Ala. (first place); Brian Hoover of Gallatin High School in Gallatin, Tenn. (second place); Pamela Carrubba of Bay Waveland Middle School in Bay St. Louis, Miss. (third place); and Kevin Maldonado of John A. Ferguson High School in Miami, Fla. (fourth place). All four educators attended the ceremony.

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Each finalist received a $1,000 savings bond, which was awarded by their respective Atlanta Fed branch: Birmingham, Nashville, New Orleans, and Miami. In addition, at the ceremony the first-place winner received a $1,500 savings bond, the second-place winner received a $1,000 savings bond, the third-place winner received a $750 savings bond, and the fourth-place winner received a $250 savings bond.

Winning lesson plans
Morrow's winning entry, "The Trial of Monty Terry," uses a courtroom trial of the fictional Monty Terry (representing monetary policy), who is charged with manipulating the economy, controlling the money supply, and outperforming fiscal policy in solving macroeconomic problems, to teach students about the Federal Reserve's role in monetary policy.

2007 Lesson Plan of the Year Winners
Left to right: Brian Hoover, Pamela Carrubba, Cheryl Morrow, and Kevin Maldonado

Hoover focused on using credit wisely for his lesson plan, "Bah-Da, Dah-Dot, Da-Da CHARGE!...but to which card?" Carrubba's entry examined the Federal Reserve's role in maintaining a stable economy through its control of the money supply for her entry, "We're in the Money!" Maldonado's lesson plan, "An Introduction to the Federal Reserve," featured the Federal Reserve's video "In Plain English" and focused on Federal Open Market Committee actions.

A panel of judges composed of Federal Reserve staff and educators evaluated each entry on use of Federal Reserve materials, originality and creativity, accuracy, quality of documentation, adherence to project guidelines, organization, ease of replication or adaptation, relevance to standards, and writing style.

By Lon Lazzeri, economic and financial education representative, Miami Branch