ALEX Resources

   View Standards     Standard(s): [SS2010] ECON (12) 10 :

10 ) Explain the structure, role, and functions of the United States Federal Reserve System.

•  Describing how the United States Federal Reserve System oversees the banking system and regulates the quantity of money in the economy

•  Defining monetary policy

•  Describing how the central bank uses its tools of monetary policy to promote price stability, full employment, and economic growth

[SS2010] ECON (12) 11 :

11 ) Explain how the government uses fiscal policy to promote the economic goals of price stability, full employment, and economic growth.

•  Defining fiscal policy and the use of taxation and government purchases

•  Comparing government deficits and the national debt

In this video, Craig is going to dive into the controversy of monetary and fiscal policy. Monetary and fiscal policy are ways the government, and most notably the Federal Reserve influences the economy--for better or for worse.

   View Standards     Standard(s): [SS2010] ECON (12) 9 :

9 ) Describe methods used to measure overall economic activity, including the Gross Domestic Product (GDP), the Consumer Price Index (CPI), inflation, and unemployment.

•  Explaining how overall levels of income, employment, and prices are determined by spending decisions of households, businesses, and government; net exports in the short run; and production decisions of firms and technology in the long run

•  Identifying structural, cyclical, and frictional unemployment

•  Describing stages of the business cycle and how employment and inflation change during those stages

[SS2010] ECON (12) 11 :

11 ) Explain how the government uses fiscal policy to promote the economic goals of price stability, full employment, and economic growth.

•  Defining fiscal policy and the use of taxation and government purchases

•  Comparing government deficits and the national debt

In this interactive game from iCivics, students will learn to control the budget of the federal government. They will choose how federal revenues should be raised and how taxpayers’ money should be spent. They must also decide how to fund programs that are important to them, without setting taxes too high or borrowing too much money. This game can be played when teaching a lesson on the economy for reinforcement or after as an assessment.

You will need to create a free account in order to access some of the content on this site.