Wednesday, November 4, 2009

Some Classroom Resources

First is this item from National Public Radio's Planet Money blog. It's about a teacher in New York who is using Planet Money podcasts in the classroom. It includes some lesson ideas. I found some interesting, some not so. But I got some ideas out of it. You may get some as well.

Second, is an item from the Federal Reserve Bank of St. Louis's Liber8 newsletter. It's a three-page article on how modern macroeconomic schools of thought view the current financial crisis. With all the discussion about why the crisis wasn't foreseen, and what certain schools of thought lack, it is still interesting to look at the underlying assumptions when discussing policy responses. It's in .pdf format, but is full of interesting active links.

Finally, is this video from the Federal Reserve Bank of Cleveland. It is part of the Cleveland Fed's interesting and engaging Drawing Board series looks at how inflation is measured.

While it may spend more time than necessary on one specific (new) way to measure inflation, it does a good job of explaining why accurate measurement is important, as well as how the Consumer Price Index (CPI) is put together, and even a short discussion about "core" inflation. It is a little more than eight minutes long and could be used to set up the discussion about price stability and measurement.

I welcome your thoughts on any of these resources.


msuit said...

The Federal Reserve Bank of St. Louis also has a competition for college students--the National Economic Education Video Competition for which the students create a video 5 minutes or less in lenghth that can be used to teach one or more of three economics concepts (factors of production, scarcity, opportunity cost) in high school classrooms. For more information, here is the website

Tim Schilling said...

Thanks. I had not heard of the program. I hope some of the readers will take advantage of it.