Friday, February 17, 2017

Economics in One Day



I love the courses that the Foundation for Economic Education (FEE) offers. This one looks like a great one. From those whose principals have asked them to teach economics, a course you may have never taken in your life, from those who have taught economics for years, this class looks like it will be helpful. It is a self-pacing class so no need to have to set aside a full day to take the course.

Monday, February 13, 2017

Fractional Reserve Banking and Money Creation

Online Professional Development:
Fractional Reserve Banking and Money Creation

ImageFrom our counterparts at the
Philadelphia Fed:
 In this three-hour online professional development program, you will be introduced to the “Case of the Gigantic $100,000 Bill” lesson and learn innovative ways to teach about fractional reserve banking and money creation in the middle and high school classroom. Through a series of four professionally produced videos, we will show you how to teach the lesson to students and provide you with valuable teaching tips. You will practice fractional reserve banking and money creation content in a series of short, online problem sets and participate with other educators and the program’s instructors in online discussion boards. You can complete the work at your own pace as long as you complete all of your work by March 27.
There are no prerequisites for this program. Participants who complete the program will receive a certificate for 3.0 hours of professional development credit issued by the Federal Reserve Bank of Philadelphia. (Professional development certificates will be issued on March 29, 2017.)

When
Self-paced Online:
Monday, February 27, through Monday, March 27, 2017

Who
Open to teachers for grades K‒12 and college faculty

Register Online at
http://www.cvent.com/d/jvq6hl or
www.philadelphiafed.org/training.

Registration Deadline
February 23, 2017

Monday, January 30, 2017

Tariffs, Export Taxes and More


This article appeared in the New York Times today. The article, once you get into it, talks about supply, demand, and prices, as well the effects of taxes. The article is written by Paul Krugman, so it has a political bent to it and the start of it is very partisan; however, it does make for the start of a good conservation. 

Tuesday, January 24, 2017

Taxation


This is a great video from The Economist that explains the different types of taxes and the history of taxation. It is a short clip that can be a great start to any macro class.

Tuesday, January 10, 2017

The Cost of Raising a Child


I showed this article to my classes and it started a great conversation about opportunity costs, scarcity, and decision making. There is a great line about economies of scale, which my students are not there yet. I also told the students to go home and thank their parents for forgoing other things in order to give them life and raise them!   

Tuesday, January 3, 2017

Economists versus the Economy



If you work in a school like mine, you are back today. Happy New Year! Others were fortunate enough to have this week off. Either way, if you are looking to brush up on some economic theory, this is a good article. You need little economic background to understand this, but after reading the article, you should have a good understanding of some different philosophies of the economy. Also, it is a short read. Enjoy!

Tuesday, December 13, 2016

Healthcare


If your students are anything like mine, they like to talk about the election and what will happen after President-Elect Trump takes office. One thing they have asked about is healthcare. Most of them do not understand what healthcare is, let alone, why it is so expensive. This video explains some of that in a fun way. I pause it at 1:54 and talk about how many mandates there are in my state, according to this video there are 58. It is also fun to introduce this by asking each student what they like on their pizza and opening up Pizzahut.com and seeing what the cost of a pizza would be if you added the toppings everyone wanted. Even though this is from ReasonTV, it presents the topic in an interesting way. the last part of the lesson is we come up with solutions as to how to curb health care costs.