Tips for Teachers
With class time at a premium, it is important to find ways to incorporate economics and personal finance material into existing mathematics, language arts, and social studies classes.
- Consider including material about the current Federal Reserve System (1913- ) when you teach about the first (1791-1811) or second (1816-1836) Bank of the United States in an American history class. A comparison of these three central banks provides an excellent opportunity to teach history and economics together. Consider using the Federal Reserve Bank of Philadelphia's new publication History of Central Banking. (See the Resource Rack in this issue for more information about this publication.)
- When teaching literature, consider choosing books that include economic themes. Most books suitable for the K-12 classroom include themes associated with scarcity, opportunity cost, and choice. Some good choices are Something from Nothing by Phoebe Gilman; A Chair for My Mother and Something Special For Me by Vera B. Williams; and Beatrice's Goat by Paige McBrier. Introduce your colleagues to the idea of teaching economics and literature together.