Monetary Policy: Part Art, Part Science
Description Return to Resource List
- Title
- Monetary Policy: Part Art, Part Science
- Reserve Bank
- Atlanta
Summary
In this activity, students learn about the structure and functions of the Federal Reserve System, the Fed's role in formulating monetary policy, and how members of Reserve Banks' board of directors contribute to interest rates. Using simulations, students become members of the board of directors of a Reserve Bank, which allows them to observe and discuss the diverse makeup of boards throughout the Federal Reserve System. One of the primary goals of the lesson is to show that monetary policy is enhanced by the grassroots information provided by the Reserve Bank directors.
Additional Information
| Types |
|
Lesson Plans
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| Topic |
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Monetary Policy |
| Target Audience |
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General Public |
| Grade Level |
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5-8 |
| Keywords |
| Federal, Reserve, monetary, policy, FOMC, Federal, Open, Market, Committee, interest, rates, price, stability, inflation |
| Education Standards |
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