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The Federal Reserve Banks as Partners in Teaching and Learning Economics

Paper Session

Friday, Jan. 4, 2019 8:00 AM - 10:00 AM

Atlanta Marriott Marquis, M101
Hosted By: American Economic Association & Economic Education Committee
  • Chair: Diego Mendez-Carbajo, Illinois Wesleyan University

A Survey of Federal Reserve Economic Education Programs and Resources

Scott Wolla
,
Federal Reserve Bank of St. Louis
Andrew Hill
,
Federal Reserve Bank of Philadelphia

Abstract

We survey the economic education programs and resources produced and supported by the Federal Reserve System: from K-16 professional development opportunities for teachers and professors, to free lesson plans, videos, online learning modules, and readings ready for the classroom. The surveyed resources cover both economics and personal finance and range from preschool to college.

Economics Scholars Program for Undergraduate Research

Princeton Williams
,
Federal Reserve Bank of Atlanta
Stephen Clayton
,
Federal Reserve Bank of Dallas
Daniel Nuckols
,
Austin College

Abstract

This paper, first, surveys the programs produced by the Federal Reserve system in support of undergraduate student research in economics. Next, we showcase the Economics Scholars Program annual conference as a collaborative effort between Austin College and the Federal Reserve Bank of Dallas to foster the involvement of undergraduate economics students in all facets of research.

Econlowdown.org in the Classroom

Lucy Malakar
,
Lorain County Community College
Diego Mendez-Carbajo
,
Illinois Wesleyan University

Abstract

We showcase the use of a variety of free online teaching and learning resources produced by the Federal Reserve Bank of St. Louis for teaching introductory economics. Drawing from our classroom experiences and economic education research, we discuss best practices for incorporating econlowdown.org resources in traditional, flipped, and hybrid course settings.

Active Learning with FRED Data: Theory, Practice, and Findings

Diego Mendez-Carbajo
,
Illinois Wesleyan University

Abstract

This paper examines several pedagogical strategies organized around the topic of active learning with FRED data. Besides relating those strategies to the development of particular proficiencies expected of economics students, this paper documents the association between the development of data literacy and numeracy skills and the improvement in learning outcomes in economics.
Discussant(s)
Rita Balaban
,
University of North Carolina-Chapel Hill
J. Peter Ferderer
,
Macalester College
Laura Ahlstrom
,
Oklahoma State University
Carlos Asarta
,
University of Delaware
JEL Classifications
  • A2 - Economic Education and Teaching of Economics