EconEdLink maintains a large library of online economic and personal finance resources for K-12 teachers & their students.
This lesson introduces students to the Chair of the Federal Reserve System, Janet Yellen. It describes briefly her involvement within the Federal Reserve.
Students engage in a simulation to explore how productivity influences the distribution of income and how government policy influences the redistribution of income. They calculate measures of central tendency for the entire class, their group's percentage of total classroom income, and graph the Lorenz curve as a representation of the income distribution using an online graphing tool. Students simulate government policies to explore the impact on income distribution and income inequality. Students measure income inequality by interpreting the shape of the Lorenz curve, calculating the Gini coefficient by estimating the area under the Lorenz curve, and comparing the measures of central tendency. Students learn about the Temporary Assistance to Needy Families (TANF) welfare program in the United States and apply what they have learned about the income distribution and income inequality to examine TANF’s effect.
This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of March, 2015, reported April 5, 2015. The lesson focuses on the continued depression of hourly wages, and investigates the effects of the recent announcements by several companies to raise the pay of their workers.
In this lesson, students explore the advance estimate of real GDP data for the fourth quarter of 2014. These data, released by the Bureau of Economic Analysis, are presented first as estimates, then as revisions as more data for the time period is collected. This lesson uses data from the final estimate of the 4Q 2014 activity. Students will understand the recent trends in real GDP, the role of exports and imports, and the effect of trade balance on GDP and GDP growth.
This lesson uses a classic video clip to introduce variable and fixed inputs. Students participate in an activity that demonstrates adding additional inputs to a fixed set of inputs that eventually leads to diminishing marginal returns and higher marginal costs of production. A slideshow provides students with economic information and mathematical calculations such as slope. The worksheet portion is a concrete example of the relationship between differing costs using the concept of slopes.
This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of February, 2015, reported March 6, 2015. The lesson focuses on different ways of measuring the demand for labor and how the demand for labor affects the average hourly wage rate, one of the measures used by the Federal Reserve to gauge the health of the labor market.