Fiscal & Monetary Policy
Define fiscal and monetary policy and highlight their differences.
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Lessons & Activities
1 Hour+
Could It Happen Again
OVERVIEW
In this lesson, using a simulation, students learn how the Fed manages the money supply through open market operations. They identify what central bankers have learned about implementing monetary policy as a result of the Great Depression. They recognize the steps the central bank has taken to respond effectively to financial crises since that time.
Related Resources
INFOGRAPHICS & COMICS
VIDEO Q&A
0-15 MIN
The Fed's Role Today
See how the Fed affects your life.
MODULES
31-45 MIN
Making Sense of the Federal Reserve
Introduce the structure of the Federal Reserve and the basics of monetary policy.
READING Q&A
16-30 MIN
Jargon Alert: Helicopter Money
Learn about a tool to stimulate economies and fight deflationary pressures.
LESSONS & ACTIVITIES
46-60 MIN
What Happens When the Federal Reserve Raises Interest Rates?
Demonstrate how a change in the target range for the federal funds rate transmits through the economy.
CURRICULUM UNITS
Teaching the New Tools of Monetary Policy
Resources for teaching the Fed's monetary policy tools in an ample-reserves framework.
More in This Series
CURRICULUM UNITS
The Great Depression
Understand the Great Depression and its impact on the economy.
LESSONS & ACTIVITIES
1 HOUR+
Measuring the Great Depression
Describe how we measure the economy’s health with tools such as gross domestic product (GDP), the unemployment rate, and the consumer price index (CPI).
LESSONS & ACTIVITIES
1 HOUR+
What Do People Say
Identify and analyze suggested causes of the Great Depression.
LESSONS & ACTIVITIES
1 HOUR+
What Really Caused the Depression?
Determine that banking panics and shrinking money supply caused the Great Depression.
LESSONS & ACTIVITIES
1 HOUR+
Dealing with the Depression
Examine statistical data related to the Great Depression.
LESSONS & ACTIVITIES
1 HOUR+
Turn Your Radio On
Identify economic problems using Franklin Delano Roosevelt's "fireside chats".
