Many people love a roller coaster’s thrilling ups and downs. When it comes to the economy, however, most people would prefer to avoid a wild ride. In fact, most like a smooth ride with very few dips. This episode of The Economic Lowdown podcast series describes how the economy moves through phases of the business cycle, and the role the Federal Reserve System plays in smoothing some of the ride's bumps.
Students learn about McCulloch v. Maryland, a case decided in 1819 over (1) whether the state of Maryland had the right to tax the Second Bank of the United States and (2) whether Congress had violated the Constitution in establishing the Bank. Students also review the expressed powers of Congress identified in the Constitution and analyze how Congress implements the necessary and proper (elastic) clause to enact its expressed powers. Finally, students use their knowledge of McCulloch v. Maryland and the necessary and proper clause to consider the constitutionality of the Federal Reserve System.
Conversations host Harry Kreisler welcomes Professor J. Bradford DeLong of Berkeley's Economics Department for a discussion of economics and public policy. Reflecting on his work as deputy assistant secretary in the Treasury Department in the Clinton administration, Professor DeLong discusses the dilemma posed by the breakdown of the political center, the strengths and weaknesses of the NAFTA agreement, and Alan Greenspan’s record at the Federal Reserve. He also reflects on the quality of public discussion of economic issues. (55 minutes)
Since the Crash of 2008, the Federal Reserve has been "printing money" to stimulate the economy. But won't that just lead to inflation? Speeding tickets are always caused by flooring the gas pedal, but flooring the gas doesn't always result in a speeding ticket - like when you're driving up a steep hill. Likewise, inflation is always caused by printing money - but monetary expansion does not always lead to inflation.
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Looking for engaging content for your economics courses? The Institute for Humane Studies has curated this collection of educational resources to help economics professors enrich their curriculum. Find videos, interactive games, reading lists, and more on everything from opportunity costs to trade policy. This collection is updated frequently with new content, so watch this space!
The 1913 Federal Reserve Act created the modern day Federal Reserve system. In this lecture we explain the basics of what the law did and how the Fed influences the economy. Perfect for APGOV students or anyone seeking an overview of US Monetary policy.
The fourth episode of Feducation dissects an FOMC (Federal Open Market Commission) statement, assessing the changing communication strategy for transparency and clarity and demonstrating an activity that can be used in the classroom.
How are the money supply and inflation related? And what does the Federal Reserve have to do with this relationship? Episode 1 of the Feducation video series reviews the functions of money, features an interactive auction that demonstrates the relationship between the money supply and inflation, then utilizes a simple equation to show how changes in the money supply affect the economy. The video also describes how the Fed uses monetary policy to achieve its dual mandate of maximum employment and price stability.
How is the total value of all the goods and services produced in a country's economy measured? Gross domestic product (GDP) is one common and fairly comprehensive measure. The May 2013 issue explains GDP components and how GDP is calculated. It also describes what GDP does—and does not—measure.
Do you know the difference between nominal and real interest rates? If you're not sure, then it's time to "get real" about interest rates. In this episode of The Economic Lowdown, you will learn how inflation influences the real return on your deposits, how it impacts borrowers and lenders differently, and why price stability—a responsibility of the Federal Reserve System—is important.
This video is only one and half minutes long but discusses the importance of a central banking system separate, but answerable to the US Federal government. It is part of a series (Part 5) on The Gold Standard and will help to ensure standard EPF. 6 is met.
History holds many economic lessons. The Great Depression, in particular, is an event that provides the opportunity to teach and learn a great deal about economics-whether you're studying the economic reasons that the Depression took place, the factors that helped it come to an end or the impact on Americans who lived through it. This curriculum is designed to provide teachers with economic lessons that they can share with their students to help them understand this significant experience in U.S. history.
All inflation isn't bad—a moderate amount can signal a healthy economy. But high inflation, such as that during the Great Inflation, can lead to a vicious cycle where expectations of higher inflation lead to further increases in the price level. Read the October 2012 issue to find out what caused the Great Inflation, how tough (and painful) policy brought it to an end, and two key lessons learned.
In this course, superhero Jack of All Trades and his sidekick Andy are confronted by a villain that threatens to disrupt society and rob the world of the certainty people have come to expect. And this dastardly villain is...Inflation. Jack and Andy time travel to the period known as The Great Inflation to discover the truth about inflation. With the help of Dr. Equilibrium, professor of economics, they learn that inflation is the result of too much money chasing too few goods and that the Federal Reserve System plays a key role in maintaining stable prices.
Lesson seeds are ideas for the standards that can be used to build a lesson. Lesson seeds are not meant to be all-inclusive, nor are they substitutes for instruction. This lesson seed provides a compelling question and a bank of sources to use to drive an inquiry based lesson or a potential Evidence Based Argument Set (EBAS). When developing lessons from these seeds, teachers must consider the needs of all learners. Once you have built your lesson from the lesson seed, teachers are encouraged to post the lesson that has emerged from this lesson seed and share with others. Compelling question:Is monetary policy effective in stimulating the US economy? EL Modification: highlight important vocabulary, add images to improve text comprenesion; consider adapting content, process and/or product based on Can Do WIDA DescriptorsImage source: "Dollar" by geralt on Pixabay.com
The fourth episode of our podcast series, The Economic Lowdown, discusses three aspects of inflation: what it is, what causes it and how it is measured. The episode also addresses related topics such as deflation, disinflation and the role of the Federal Reserve in monitoring inflation.
Have you ever heard someone say "Back in my day, a gallon of gas cost a quarter!" Comparing today's prices with prices "back in the day" can be misleading. Both inflation and deflation between then and now have to be taken into account. Read the August 2013 issue to learn more about the effects of inflation on prices.
When it comes to the U.S. economy, the Federal Reserve has a very important role to play. Whether you realize it or not, its decisions affect you. In this episode of The Economic Lowdown podcast series, you’ll learn about how the Federal Reserve uses monetary policy to influence the economy.
Inflation, unemployment, recession, economic growth—these economic concepts affect people in very real ways. In this course containing three interactive, thought-provoking lessons, you will learn about monetary policy, the avenue by which the Federal Reserve System attempts to influence the economy.