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Wednesday, July 23, 2014

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Training Teachers to Teach Our Children Economics

For immediate release
Contact: Katherine Q. Dibling at (215) 574-4119

PHILADELPHIA, Pa. – As our children face more demands for skills and knowledge today, teachers are pressed to cover all the material necessary for their students to reach competency in math and beyond. Combining the teaching of economics and mathematics can be an effective way to meet state math requirements while educating students about economic concepts.

Teaching economics can also help students understand the dynamics of our financial system, our economy, and their place in it. With an understanding of economic concepts, they will be better able to achieve financial stability when they reach adulthood.

The Philadelphia Fed thinks that the most efficient way to get this information to children is through their teachers, because one trained teacher can teach hundreds of children during his or her career.

The Philadelphia Fed encourages third- through eighth-grade teachers to participate in a three-session training program beginning Wednesday, Feb. 21. The sessions are held after school beginning at 4:30 p.m. and include dinner. Registration deadline is Feb. 14 for “Mathematics and Economics for the Elementary Classroom.”  The next two sessions are Feb. 28 and March 7.

The sessions include a demonstration of interactive exercises teachers can use right away in the classroom. In one exercise based on a brownie recipe, students identify productive resources they would use and categorize them as natural resources, human resources, or capital goods. The students work in groups to decide how they would divide a pan of brownies equally, and they determine how much of each ingredient they would need if they wanted to produce additional batches of brownies.

To write an advance article or cover the seminar, contact Katherine Q. Dibling for an interview with our economic education advisor or for registration.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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Media Contacts

Marilyn Wimp, ABC E-mail
Manager of Media Relations
(215) 574-4197
(267) 254-4555 (cell)

Katherine Q. Dibling E-mail
Public Affairs Specialist
(215) 574-4119
(215) 694-5125 (cell)

Daneil Mazone E-mail
Media Relations Representative
(215) 574-7163
(267) 535-1808 (cell)