Exchange rates (experiment) Students are buyers of either domestic or foreign goods. Hamilton's National Bank In this lesson from the Federal Reserve Bank of St. Louis, students participate in two rounds of a role play to help them understand the role of banks in facilitating economic growth through ... Traditional vs. Shadow Banking Modern economies rely heavily on financial intermediaries to channel funds between borrowers and lenders. In this issue, the role of traditional banking is outlined and a parallel syste... Trading with comparative and absolute advantage (cooperative learning, experiment) Students are separated into groups, representing different countries, and given worksheets with production information. One country ha... Spent is a free online game about surviving poverty and homelessness created by ad agency McKinney for pro bono client Urban Ministries of Durham (UMD), whose mission ... "It is better to light a candle than to curse the darkness." -William L. Watkinson This is the quote my students see at the end of their reflection on service learning. For five percent of their grade, m... Deriving a demand curve (experiment) Instructor asks the class how many students would be willing to pay various prices for a specific good. Results are tabulated into a demand curve. Extensions include changing the c... At the start of each school term, office supply stores tend to offer fantastic deals on school supplies. The following ad is a great example to show. Show this ad after you discuss how elasticity affects total reve... In the wake of $4/gallon gas prices last year, some people were calling on the government to restrict gasoline prices. Do you believe the government should have put a cap on gasoline prices? A) Yes B) No ... In which of the following situations would a positive externality most likely be involved? A) Ellen is sitting at home one day when she gets a telephone call, informing her that she has won $10,000 in a contes... Which of the following demonstrates the law of demand? A) Relative to last month, Jon buys more pretzels at $1.50 per pretzel since he got a raise at work this month. B) Melissa buys fewer muffins at $0.75 pe... Functions of money (cooperative learning) Students analyze how specific items fulfill the functions of money and discuss their responses with peers. [money] Follow-up questions could be asked using clickers. Spending Strings (demonstration) Using spending and output cards, instructor can show students how various policies affect equilibrium, unemployment and inflation. Can have students predict outcomes first; prediction... Double-oral auction (experiment) The grand-daddy of economics experiments! Students are assigned roles as buyers and sellers, and trade in a simulated market. There are many, many variations of this activity (see, fo... The Great Inflation: A Historical Overview and Lessons Learned This history and data lesson from the Fed includes questions for students. Job growth has been healthy over the past five years. However, many people are still concerned about the overall health of the labor market. This module explains what the unemployment rate does—and does not... The Stock Market Game is a fully-fledged game and apps designed to help students with financial literacy " What would you do if you were given $100,000? Would you spend it all at once? Would you think about... Which Came First - Democracy or Growth? Students calculate real and nominal GDP and GDP per capita for three countries and analyze the differences. [note: lesson also discusses growth and the role of economic freedom;... Preferences for Distribution of Income (experiment) Students decide on income payoffs with varying types of risk. Income redistribution (experiment) Students must decide how to allocate a pot of tax revenue.