Email
Print Friendly
A A A

Education Resources

Extra Credit Index by Domain

  • Basic Economic Concepts
  • International
  • Macroeconomics
  • Microeconomics
  • Personal Finance

Basic Economic Concepts


Getting SMART about Economics: Bringing Whiteboard Lessons to Your Classroom
Internet banking has become more popular than banking in the neighborhood branch. Extra Credit sums up the history and functions of high-tech banking, so you can take it to your classroom.
Fall 2012


I want to study economics, but what do economists do?
Help your economics-loving students learn what they can do with an economics major. This Extra Credit article considers colleges offering degrees in economics as well as the many career paths available to those with an economics degree.
videoInterview with Nobel Laureate Christopher Sims: What do economists do?
Spring 2012


History, literature, and economics in the middle school classroom
Reading the apartheid-era Journey to Jo'burg will help your middle school students learn about human capital, especially how apartheid affected the development of human capital. Extra Credit suggests this book and others for the middle school classroom.
Spring 2012


Welcome to the blogosphere: Connecting technology, economics, and literacy skills
Teachers can find a treasure trove of economic resources in blogs, for use in teaching economic basics. Extra Credit offers a list of established blogs as well as tips for teachers to help students and classes start their own.
Spring 2012


Share the Wealth: Three teachers' strategies for presenting circular flow
How many young consumers ponder the economic relationships between businesses and households? How many understand that this interaction is essential for market economies to function? Three Atlanta-area teachers share lessons and strategies for teaching circular flow.
Fall 2011


Go with the flow! Why teaching the circular flow model is so important
By teaching the circular flow model, teachers may be able to remediate the pervasive "us-versus-them" mentality that students witness in so many of today's discussions on the economy. This article presents a basic three-factor model and the model with the financial sector added in.
Fall 2011


Beyond the economic textbook: Using popular nonfiction in the classroom
Looking for a way to take your class beyond the standard textbook? Engage your students while introducing them to real-world applications of economic theories by using popular nonfiction books on economics.
Fall 2011


Emphasizing consumer choice as an economic and personal finance concept
Three educators share creative ways to teach students about consumer choice and utility.
Spring 2010

International


Selling Korean tractors in Italy: Introducing middle school students to global linkages
Middle schoolers sometimes complain that the subject of economics doesn't relate to them. How can you get their interest? Start with a concrete story about how globalization touches them directly. Could they end up selling Caterpillars in Croatia? Medicine in Macedonia? Read more in Extra Credit.
Spring 2012


Using multimedia—and T-shirts—to teach globalization
A variety of resources, including books, podcast, videos—and even the Made in tags attached to your students' T-shirts—can launch your classroom discussions about globalization. Read more in the newest Extra Credit.
Fall 2011


Share the Wealth: Teaching tips for international economics
As world trade shrinks the world, students must understand the basic concepts of international trade and global trade policies. Read the latest Extra Credit to learn how other teachers use creative teaching methods to enhance their teaching of international economics.
Fall 2011


It's a small (and often shaky) world after all: Exogenous shocks in a global economy
Japan's triple disaster this past March took a horrific human toll and shook up economies around the world. Read how this exogenous shock disrupted the manufacturing sector in the United States.
videoInterview with Nobel Laureate Christopher Sims: Impact of globalization
Fall 2011


Activity: Free trade, anyone?
Students will read an Extra Credit article on the benefits and trade-offs of free trade, create an outline of the main argument and central tenets, and play a game that reinforces the key concepts: comparative versus absolute advantage, opportunity cost, specialization, and the trade-offs of free trade.
Middle and high school : 55 minutes : Spring 2008


Economically Speaking: Globalization: The trade-offs of free trade
In a global trading environment, some industries and their workers suffer when their jobs move abroad. But economies benefit overall from free trade, which allows countries to specialize in goods and services in which they have a comparative advantage.
Spring 2008


Economically Speaking: Understanding dollarization
Dollarization—many of us have heard the term, but do we fully understand what it means?
Fall 2007

Macroeconomics


Introducing Students to Inflation Indexes
CPI, PPI, PCE.... More than a jumble of letters, these indexes give important information about inflation and the economy. Extra Credit offers teachers a primer on inflation and inflation indexes.
Fall 2012


Share the Wealth: Ideas for Teaching Inflation
How do you teach students the difference between inflation and changes in the cost of living? Extra Credit offers tips, including a time travel exercise, for teaching these concepts.
Fall 2012


Part Chart, Part Science: The Evolution of Economic Indicators
Just as the economy has evolved over many decades, so, too, have the ways economic activity is measured. What was once perhaps a key metric might now be only a marginally useful gadget in an economist's toolbox. Read more in Extra Credit.
Fall 2012


Tech Tools for Teachers, Just a Click Away
The Atlanta Fed offers several online resources for students to use in the classroom or for a special project. Extra Credit summarizes them.
Fall 2012


Let FRED Help Your Students Tell an Economic Story
This Extra Credit article takes the reader step by step through a process of gathering information on inflation using Federal Reserve Economic Data, or FRED. FRED is an excellent classroom tool for researching any economic issue.
Fall 2012


The Classroom Economist Explains the Federal Reserve
This fall will see the release of the seventh edition of the Classroom Economist. Extra Credit describes this edition's content, which goes into the history of central banking in the United States.
Fall 2012


Atlanta Fed Adds another Tool to Teachers' Toolkit
The Atlanta Fed launched an animated video series last April with a primer on inflation. The second installment looked at gross domestic product. Extra Credit notes that the videos' engaging graphics and straightforward examples are an excellent tool for teaching these basic economic concepts.
Fall 2012


Lords of Finance: History, economics, and finance
In 2010, Fed Chairman Bernanke mentioned the Pulitzer Prize-winning Lords of Finance as a resource for helping people understand the recent financial crisis. Extra Credit reviews this important book, which chronicles the Great Depression, and offers questions to facilitate classroom discussion.
Spring 2012


Health care employment: The prognosis is good
In an economy still struggling to regain jobs, the health care sector has added jobs every month since July 2003, even during the 2007–09 recession. Where are the industry's greatest needs? Extra Credit summarizes and updates a third-quarter 2011 EconSouth story.
Spring 2012


Ready-made current events for the economics classroom
EconSouth, the Atlanta Fed's quarterly economic and business magazine, is a treasure trove of current economic events. Extra Credit reviews some of these stories and offers accompanying discussion questions to help economic educators link core economic concepts to the real world.
Spring 2012


Teach the basics with the imaginative Little Book of Economics
An excellent nonfiction book to supplement your textbooks, The Little Book explains basic macroeconomic, finance, and globalization concepts. Read a concise review and get access to guided discussion questions in the March 2012 issue of Extra Credit.
Spring 2012


The case of the ailing economy
How do you engage your students in a real discussion of current economic conditions? Make the discussion a project. Here is an activity that gets them to hone their critical thinking skills.
Fall 2011


What is QE2? Understanding the Fed's latest monetary policy moves
To support the slowing economic recovery and guard against deflation, in November the Federal Open Market Committee began a second round of large-scale asset purchases.
Spring 2011


Economics in action: Taking the BP oil spill from the headlines to the classroom
National and regional economists are still assessing the effects of the April 2010 oil spill in the Gulf of Mexico. Find suggestions and activities for using news articles about the spill to illustrate relevant economic concepts.
Spring 2011


Why do women still earn less? Opportunity costs and rational economics
While conventional wisdom may point to discrimination as a cause of the remaining wage gap between women and men, research shows that other economic forces, such as the opportunity costs of women's career choices, are more likely explanations.
Spring 2011


New online courses offer interactive, monitored learning
The St. Louis Fed recently debuted interactive online economic and finance courses that allow teachers to monitor students' progress and assess their content mastery. A new podcast series helps teachers introduce concepts.
Fall 2010


Is structural unemployment on the rise?
Does the continued lag in the U.S. jobs recovery stem from long-term changes in the economy's structure? This article reviews some evidence from the ongoing debate.
Fall 2010


Special Topic: Bank failures in the Southeast: They ain't what they used to be
Many people equate bank failures with panicked runs like those in the 1930s. But bank failures in the Southeast during the current crisis have been due largely to collapsing real estate values and the withdrawal of large investors.
Spring 2010


Share the Wealth: Inflated ideas: Teaching about inflation
The aim of monetary policy is to ensure that there is enough money in the economy to keep it growing but not so much that it overheats and causes inflation.
Fall 2009


Activity: An Economic SIM-ulus Package
This four-lesson unit aims to help students discover how economic conditions in their own community are taken into account at meetings of the Federal Open Market Committee (FOMC).
High school : Fall 2009


Money Talks: Recession, monetary policy affect students and their families
The current recession's impact on jobs, housing, credit, and investments has caused financial difficulties for many households. What steps have the Fed and other agencies taken to stabilize the economy and financial markets? And how will fundamental changes in the labor force influence students' plans for higher education?
Fall 2009


Activity: What's in GDP?
In this activity, students will determine what components of a country's spending make up its GDP, and then they compute real and nominal GDP for a fictional economy. Finally, students investigate alternate measures of a country's standard of living.
High school : 120 minutes : Spring 2009


Economically Speaking: The ABCs of GDP
Economy-watchers look at GDP as a measure of a nation's overall economic health. Find out the fundamentals about this often-quoted indicator.
Spring 2009


Share the Wealth: School banks provide hands-on learning opportunities for students
School banks allow students to gain practical banking experience, both on the business side in running the bank and on the consumer side in making transactions.
Fall 2008


Economically Speaking: Striving for stability: Federal Reserve actions address financial turmoil
Fostering a stable economy and financial system is an important part of the Federal Reserve's mission. During the recent financial market turbulence, the Fed and other agencies have taken several actions to help mitigate systemic risk.
Fall 2008


Activity: Beyond the Checkbook: Choices of Payment Methods
In this activity, students will examine different forms of money used for payment and the advantages of having multiple payment tools.
Middle and high school : 55 minutes : Spring 2008


Money Talks: The changing nature of payments
Although Americans still wrote 33 billion checks in 2006, check usage is declining, giving way to electronic payment methods such as debit and credit cards and automated clearinghouse transactions.
Spring 2008


New Atlanta Fed President Lockhart stresses education
The new head of the Atlanta Fed says that education is key to making U.S. society resilient to global economic pressures.
Fall 2007


Share the Wealth: When a dollar is worth more than a buck
During a recent teacher workshop at the Atlanta Fed's Nashville Branch, Cornersville High School teacher Debra Crable shared a creative holiday gift-giving idea.
Fall 2007


Share the Wealth: Teaching monetary policy: Understanding open market operations
The most important tool for implementing monetary policy—open market operations—can often be a confusing concept for students to grasp.
Fall 2006


Economically Speaking: Inflation: When too much money is a bad thing
Keeping the right amount of money flowing in the economy is important to the Fed's goal of price stability.
Fall 2006


Special Topic: Economic education is important investment in nation's future, says Fed chairman
Ben Bernanke weighs in on economic and personal finance education.
Fall 2006


Monetary policy starts in your own backyard
In this activity, students learn about the structure and functions of the Federal Reserve System, the Fed's role in formulating monetary policy, and how members of Reserve Banks' boards of directors contribute to interest rate-setting decisions.
Upper middle and high school : Spring 2006


Economically Speaking: Monetary policy starts in your own backyard
How does the Fed gather the information used to formulate monetary policy? Besides examining statistical data, Federal Reserve Banks use grassroots sources—businesspeople perhaps from your own area—to inform the decision-making process.
Spring 2006


Special Topic: A new era begins at the Federal Reserve: Bernanke named Fed chairman
Ben S. Bernanke is the new chairman of the Federal Reserve. Help your students get to know the man who will oversee the nation's monetary policymaking body.
Spring 2006


Economically Speaking: Federal Reserve and USA TODAY partner on education project
Looking for a creative student project that also meets content standards for economics and personal finance courses? The Federal Reserve and USA TODAY have developed a project-based learning activity that will meet both goals.
Fall 2005

Microeconomics


Using humor and fiction to teach market basics to middle schoolers
Gary Paulsen's book Lawn Boy is a zany adventure about an enterprising boy looking for a way to make some cash. According to the latest issue of Extra Credit, this book is also an excellent tool for teaching your middle schoolers basic market terms.
Spring 2012


"Physical economics": Get students moving while they learn economics
Childhood obesity is reaching epidemic proportions. Extra Credit offers tips for incorporating physical activity in your economics lessons.
Spring 2012


Battling dads illustrate supply and demand? Using movie clips in the economics classroom
The latest issue of Extra Credit discusses how clips from popular movies can extend learning beyond the textbook and help teachers reinforce some basic economics concepts.
Spring 2012


Activity: The Labor Force and Unemployment
Students use scenario cards to determine the classroom labor force, what type of unemployment they are experiencing, and the classroom unemployment rate.
High school : 55 minutes : Fall 2009


Labor markets and today's economy
How has the recession affected the supply-demand relationship between workers and businesses? And how will workers need to prepare for structural changes occurring in the economy?
Fall 2009


Activity: All Kinds of Entrepreneurs
Students use scenario cards to determine the classroom labor force, what type of unemployment they are experiencing, and the classroom unemployment rate.
High school : 25 minutes : Fall 2008


Money Talks: The role of entrepreneurism in the economy
Besides introducing new or improved products and services, entrepreneurs can affect the economy by stimulating growth in businesses beyond their own.
Fall 2008


Economically Speaking: Energy and the U.S. economy: An uneasy alliance
Energy costs have a direct effect on the economy and on our pocketbooks and are an excellent example to use when teaching the law of supply and demand.
Spring 2007

Personal Finance


Using Technology to Reduce Payment Card Fraud
The United States is experiencing a growth of fraud with credit and debit cards. Extra Credit summarizes an Atlanta Fed research paper on the technology that could help this country do a better job of fighting payment card fraud.
Fall 2012


Using Project-Based Learning to Teach Emergency Preparation
Extra Credit describes a project-based method for teaching students of personal finance that emergency preparedness means more than having an escape route.
Fall 2012


Boomerang in the Classroom: Lessons in Personal Finance from the Global Crisis
The global finance lessons of Michael Lewis's book Boomerang: Travels in the New Third World also ring true for personal finance. Extra Credit offers some suggestions for using this book to supplement your curriculum.
Fall 2012


Hurricane Katrina: Still Teaching Valuable Lessons Seven Years Later
"Save for a rainy day." That overarching lesson from the Atlanta Fed's four-part curriculum, based on the real-life experiences of four families in an emergency, is still relevant. Extra Credit brings you up to date on one of the featured families.
Fall 2012


More Than a Checkbook: Classroom Resources for Personal Finance and Banking
The Federal Reserve System offers a wealth of resources for teachers of economics and personal finance. Extra Credit rounds some up.
Fall 2012


Not Your Mother's Videotex: High-Tech Banking Takes Off
Internet banking has become more popular than banking in the neighborhood branch. Extra Credit sums up the history and functions of high-tech banking, so you can take it to your classroom.
Fall 2012


What Kids Say about Personal Finance
Teachers, do you ever wonder if you're getting through? Some middle schoolers talk to Extra Credit about what they're learning in personal finance.
Fall 2012


Share the Wealth: Teaching economics and personal finance concepts to middle school students
Middle school teachers: take your teaching to the next level by sharing important life skills information with your students. In this month's edition of Extra Credit, two southeastern educators share their ideas for ways to integrate economics and personal finance into the curriculum.
Fall 2011


The basics of car insurance
Teens may think a driver's license is the only document they need to get behind the wheel. But having adequate car insurance is just as important—to guard against the unexpected.
Spring 2011


Share the Wealth: Teaching budgeting builds life skills
Georgia teachers share their strategies for teaching students important budgeting skills—for now and for a lifetime.
Spring 2011


Share the Wealth: Teaching students to be savvy savers
Although the recent recession has awakened many Americans to the importance of saving, many still do not save enough. A number of resources are available for teaching students the importance of saving and how to establish good savings habits.
Spring 2011


Share the Wealth: Guaranteeing a high rate of return: Strategies for teaching investment fundamentals
How do other teachers handle the complex task of teaching investing concepts to their students? One Tennessee teacher uses the Stock Market Game. Another invites a financial planner into her classroom. Learn about other strategies in this month's Share the Wealth.
Spring 2011


Why students need to understand investing basics
Young people must understand the fundamentals of investing as early as possible. We may have to file this entire topic under the "youth is wasted on the young" category, but while they may not realize it, our students are blessed with the luxury of time.
Spring 2011


Need to know: New regulations for your debit and credit cards
How much do your students really know about paying with plastic? This primer on using debit and credit cards includes important information on the new regulations affecting these popular forms of payment.
Fall 2010


Share the Wealth: Teaching about mortgages as part of economics and personal finance curriculums
Real teachers provide ideas for resources to teach students about mortgages, including hands-on exercises for practicing mortgage-related calculations and applying for loans.
Fall 2010


The importance of financial literacy
Recent Atlanta Fed research shows that financial literacy—and especially math ability—has a measurable impact on consumers' mortgage repayment behavior.
Fall 2010


Money Talks: Southeastern states boost personal finance efforts
Take a brief tour of the six southeastern states' personal finance education curriculums as well as Federal Reserve materials that teach personal finance concepts.
Spring 2010


Activity: Saving Power = Spending Power
This lesson focuses on the value of saving money and on different methods of saving.
High school : 120 minutes : Spring 2009


Share the Wealth: Meaningful budgeting activities for teens
Two Tennessee educators recently shared their activities for engaging students in budgeting lessons they can relate to.
Spring 2009


Activity: Investment Investigator
This activity introduces the concepts of investment vehicles, return on investment, and risk.
Middle and high school : 75 minutes : Spring 2009


Money Talks: Preparing for a changing financial market
The prospect of investing in complex, rapidly evolving financial markets may be intimidating. But learning a few basic principles about how financial products work can prepare students for whatever innovations the markets have in store.
Spring 2009


Katrina's Classroom features updated lesson plans
The lesson plans for the Atlanta Fed's DVD-based financial preparedness curriculum have been updated with references to revised national standards and new evaluation quizzes.
Fall 2008


Share the Wealth: Using Katrina's Classroom in the Classroom and Beyond
Ramona Dew, a business teacher at Farragut High School in Knoxville, Tenn., shared information about ways she incorporates Katrina's Classroom: Financial Lessons from a Hurricane, a DVD-based curriculum from the Atlanta Fed, into her classroom.
Spring 2008


Activity: Opening your first bank account
The Atlanta Fed's new personal finance curriculum package, focusing on the financial lessons real families learned from the 2005 hurricane, now includes a Spanish translation of the DVD's transcript.
High school : 50 minutes : Fall 2007


Actividad: El abrir su primera cuenta bancaria
Los estudiantes leerán un folleto con información sobre la apertura de la primera cuenta bancaria, y después harán una prueba breve sobre dichá información.
Escuela secundaria : 50 minutos : Fall 2007


Money Talks: Get started: Put your money in the bank!
Opening a bank account is one of the simplest steps students can take to establish a firm financial foundation and sound money management habits.
En Español Fall 2007


Special Topic: Katrina's Classroom transcript in Spanish
The Atlanta Fed's new personal finance curriculum package, focusing on the financial lessons real families learned from the 2005 hurricane, now includes a Spanish translation of the DVD's transcript.
Fall 2007


Money Talks: What's your financial GPA?
A good credit score can help ensure a happy and secure financial future. Understanding how to achieve and maintain a good score is fundamental to personal financial decisions.
Spring 2007


Special Topic: Katrina's Classroom: Financial lessons from a hurricane
Katrina's Classroom is a new DVD and lesson plan package from the Federal Reserve Bank of Atlanta designed to teach students and parents the importance of being financially prepared.
Spring 2007


Money Talks: Credit where credit is due
Credit is an essential tool for consumers in our economy, but it's important to learn to use it wisely.
Fall 2006


Special Topic: Economic education is an important investment in nation's future, says Fed chairman
Ben Bernanke weighs in on economic and personal finance education.
Fall 2006


Money Talks: Securing your (and your students') financial future
Understanding concepts such as saving, investing, interest, and credit allows today's young people to become tomorrow's financially responsible adults.
Spring 2006


Special Topic: Planning for a disaster: Getting one's house in order
When calamity strikes, being prepared can literally be a matter of life and death. Young and old alike can cushion the blow of the unexpected by having their affairs in order.
Spring 2006


Financial Education Matters: Making budgets real for your students
Do students roll their eyes or make faces when you suggest they go on a "financial diet"? Here's a plan for teaching budgeting that makes sense in teens' real world.
Fall 2005