The author discusses a pedagogical strategy based on data visualization and analysis in the teaching of intermediate macroeconomics financial economics. In these short projects, students collect manipulate economic from online Federal Reserve Economic Database (FRED) order to illustrate theoretical relationships discussed class. All collection manipulation tasks are conducted through FRED Web site. argues that as locate effectively use quantitative information they need evaluate abstract...

In this article, the author describes practice of active learning with Federal Reserve Economic Data (FRED). First, he outlines broad intellectual context and about economic data, summarizing recent scholarly contributions made to topic. Next, presents several strategies for teaching FRED in classroom. Following that, a type interactive instructional resource called Interactive (FRED-I) modules, accessible through econlowdown.org, online repository multimedia resources produced curated by...

This article presents the first report of basic findings from 2022 online administration a national survey on teaching methods in Advanced Placement (AP) Economics courses. The authors find that “Chalk and Talk” is preferred method instruction AP courses, but instructors also make use technology their presentations via media such as films or movie clips. Those educators offer frequent opportunities for students to engage classroom discussions with other instructors. Additionally, toolbox...

In this article, the authors discuss use of Federal Reserve Economic Data (FRED) statistics to teach concept price elasticity demand in an introduction economics course. By using real data its computation, they argue that instructors can create a value-adding context for illustrating and applying foundational economics. Additionally, pedagogical strategy contributes developing expected proficiency majors related “interpreting manipulating data” (Hansen 2009, 2012). The provide step-by-step...

This article discusses how to build and display a graph of Taylor rule with FRED, the St. Louis Fed's economic database.The provides additional instructions for saving FRED Dashboard puts forward series classroom discussion questions suggested assignments.We argue that this pedagogical strategy an engaging context

This article studies the differences in student learning outcomes associated with changes format of online resources. We compare completion rates and degrees achievement across several economic education modules produced by Federal Reserve Bank St. Louis. Initially designed as a long-form module focused on unemployment, virtual lecture “The Story Unemployment” was later chunked into four separate short-form modules. find across-the-board evidence increased among registered students...

In this article, the authors describe two independent efforts at “flipping” introductory economics courses employing econlowodown.org resources from Federal Reserve Bank of St. Louis. From an instructor’s perspective, it is relatively simple to locate high-quality free available online and assign them students. Their alignment with national content standards in prescribed State Ohio learning outcomes are important adoption considerations under performance-based funding constraints. The...

We describe a pedagogical strategy aimed at developing both quantitative and information literacy skills through social justice lens. This lesson plan is suitable for variety of high school introductory college courses. The student learning goals associated with this span three intellectual domains: justice, critical exploration either the purchasing power minimum wages across states or earnings gap between men women employed full time; numeracy, computation ratios variables different rates...

Abstract By calculating an additively decomposable inequality measure following the lines of Shorrocks (1980; see Econometrica, 48(3)) we are able to evaluate regional disparities in private funding cultural enterprises UK a novel way. The country-wide index separates differences across regions from within regions. Using data on investment organisations, consider three datasets: first includes 139 organisations between 1993 and 2005; second 573 2002 third 898 2005 2006. Differences among 12...

We believe reproducibility should be part of the undergraduate curriculum in economics because it is a valuable professional skill.It developed by consistently citing data sources used economic arguments.Good citations help document work collecting research.We must instill practice both leading example and enrolling librarians.This not standalone skill associated with single course or topic, but fundamental for future academic success.We argue demonstrated emphasized throughout...

This article documents the degree of baseline data literacy displayed by high school students and college students. It employs collected from an online instructional module produced Federal Reserve Bank St. Louis to identify specific areas where exhibit both low levels knowledge. As a novel contribution, this work self-efficacy each student when answering literacy-related multiple-choice questions. analysis finds very similar levels, on average, competencies among At same time, there are...

We explore the relationship between economic growth, government expenditure and other sources of income for museums libraries in England. Using data from 1981/82 to 2008/09, we investigate whether funding patterns these two sectors behave differently response changes growth. also how responses are influenced by factors such as type local authority which organisations operate. The paper finds differences within terms their responsiveness expenditure. chosen period analysis allows comparisons...

URL: https://fred.stlouisfed.org/fredcastInstructors of macroeconomics seeking the kind experiential and experimental learning opportunities endorsed by Erekson, Raynold, Salemi (1996) can e...

In an effort to de-silo the Business and Management Education (BME) field, this paper employs text mining analysis techniques derive information about location of intellectual focus interest in economic education scholarship. We examine abstracts articles published leading journal using digital humanities tools, finding evidence a sustained volume scholarship devoted Instruction but also substantial change Research, Content, Features over time. Finally, we document frequency patterns...

This article describes the contributions of Federal Reserve System to production and distribution economic data. First, we present a chronological account those contributions. Next, describe origins evolution data information services provided by Economic Data (FRED) online database, its partnership with sources, profile users. review data-related educational outreach efforts Bank St. Louis, presenting some evidence their impact. A summary several reflections on future education conclude...

This paper explores the changes on productivity growth, economies of scale and market discipline experienced by a selected number Spanish manufacturing industries as result 1986 – 92 integration Spain into European Union. Since intra-union trade liberalization process spanned seven-year, multi-stage, adhesion period we employ model with smooth transition variable to account fully for its impact. An additional that uses separate sets dummy variables captures differences in regression...

Although individuals generally do not wish to be expected good work with bad tools, there are some activities for which advantages having face certain types of obstacles. One these is mental processing, an important facet cognitive psychology. This study extends the psychologists by introducing font disfluency, or use difficult-to-read typeface, exam-taking phase economics principles courses. Difference-in-means tests indicate that students completing exams were formatted in scored as many...