This lesson focuses on the January 30, 2008, announcement by the Federal Open Market Committee on the current Federal Reserve monetary policy goals. This lesson is intended to guide students and teachers through an analysis of the actions the Federal Reserve is taking and can take in influencing prices, employment, and economic growth. An understanding of monetary policy in action is fundamental to developing a thorough understanding of macroeconomics and the dynamics of the U.S. economy.
This lesson teaches students what economists mean when they talk about people who are employed, unemployed, and not in the labor force. It discusses the Current Population Survey and asks students to pose as government survey workers to determine the employment status of 10 people given in the lesson. Students also create a bar graph and a line graph to create a picture of the information they pretend to collect.
The lesson summarizes the content of the May 2, 2008, U.S. Department of Labor, Bureau of Labor Statistics, announcement of the unemployment rate and employment data for the month of April, 2008. The meaning and importance of the data are discussed. Students consider the implications of the data for the economy and themselves. Exercises are included for reinforcing knowledge of the concepts.
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This publication blends the disciplines of geography and economics through 9 activity-based lessons for middle school students.
2 out of 9 lessons from this publication relate to this EconEdLink lesson.
Created specifically for middle school mathematics teachers, this publication shows how mathematics concepts and knowledge can be used to develop economic and personal financial understandings.
2 out of 12 lessons from this publication relate to this EconEdLink lesson.
Designed primarily for elementary and middle school students, each of the 15 lessons in this guide introduces an economics concept through activities with modeling clay.
2 out of 17 lessons from this publication relate to this EconEdLink lesson.