The Fed Explained

Teaching the New Tools of Monetary Policy

Resources for teaching the Fed's monetary policy tools in an ample-reserves framework.

Fiscal vs Monetary Policy

Learn about fiscal and monetary policy.

Why Does the Fed Care about Inflation?

Explain what happens when inflation gets out of control.

The Fed's New Monetary Policy Tools

Explore the new monetary policy tools of the Fed.

Monetary Policy

Discuss the Federal Reserve's use of monetary policy.

Minding the Output Gap: What Is Potential GDP and Why Does It Matter?

This issue of Page One Economics® explains how the output gap is useful for checking the health of the economy.

How Do I Make a Decision?

Learn about PACED decision-making

Supply & Demand: How Do Markets Determine Price?

Learn about the basics of supply, demand, and market equilibrium.

Price Ceilings & Price Floors

Learn about the effects of price controls on a market.

Trade: Why Do Nations Trade?

Visualize key components of international trade.

Economic Systems

Contrast market and command economies.

Gross Domestic Product

Visualize the components of Gross Domestic Product (GDP).

Circular Flow

Visualize the circular flow diagram.

Maximum Employment

Learn about maximum employment and how it is measured.

Price Stability

Learn about price stability and how it is measured.

Taxes

Highlight how taxes pay for the goods and services the government provides.