Where do you find students presenting economic data
at a mock FOMC meeting, surfing the Web for money supply figures
and taking economics tests in an interscholastic competition? These
students are participating in programs sponsored by Federal Reserve
banks and the Board of Governors.
The Federal Reserve is invested in educating young people about
money, banking and the role of the "Fed." By learning the Fed's
"secrets," students make more informed economic decisions and
understand how Fed policies affect their everyday lives. Education
opportunities range from student competitions to curriculum units.
Several Reserve banks sponsor the "Fed Challenge," where teams
of students present economic data and recommendations on monetary
policy before a panel of judges. Winning teams from each participating
bank meet at the Board of Governors in Washington, D.C., for a
Another Fed program pits teams of students against each other
to see which team scores highest on a series of economics tests.
Students review team scores between rounds to strategize on how
to approach the next test. Some Reserve banks also sponsor an
essay contest for high school students on an economics and banking
Teachers and students of all grade levels watch videos and read
publications and curriculum materials published by Reserve banks.
They also browse Fed Web sites for current economic data, information
on monetary policy and even use calculators that adjust prices
for inflation or find the redemption value of a savings bond.
Several Reserve banks sponsor seminars for educators.
Education efforts reach diverse audiences, such as a class coordinated
with a reservation college for Native American students and programs with
the Center for Economic Education at Gallaudet University, a four-year
college for deaf and hard-of-hearing students.