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Thursday, 21st April 2005

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Resource of the Week
by Shirl Kennedy, Deputy Editor
Financial literacy is an important subset of information literacy. Our Resource of the Week is a content-rich site from the Federal Reserve Board. If you're a teacher, you'll really appreciate this site. Much of what's here is aimed directly at you.
Financial Education
Source: Federal Reserve Board
Federal Reserve Education
The Federal Reserve System has just redesigned its financial education website, consolidating the contents of four different sites, with resources for teachers, high school and college students, and the general public. The four main sections of the site are:
+ Federal Reserve Education, which offers "links to instructional materials and tools that can increase your understanding of the Federal Reserve, economics and financial education." Some features of note include: Peanuts and Crackerjacks, an "educational unit on the economics of pro sports;" Fed Card Currency Trivia, which gives you an opportunity to "test your currency knowledge;" Ask Dr. Econ, who can enlighten you "on topical and challenging economic quandaries." There's also a collection of links to other economic education websites.
+ Teachers Resources offers a search engine that helps teachers locate "Federal Reserve System education materials that meet national education standards for incorporation in their lesson plans." There are title and keyword search boxes, and dropdown menus that let you restrict your search to level of material (elementary, middle or high school), type of material (comic books, games, videos, pamphlets, websites, teaching guides and more), and/or relevant National Council on Economic Education standard.
+ Personal Financial Education includes tutorials, brochures and other information covering consumer banking, consumer protection, homes and mortgages, interest rates, loans, and credit. Very cool: Video (MPEG format) showing The Life of a Dollar Bill "as it moves from printer to shredder."
+ Fed 101, "an interactive site that provides an overview of the history and organization of the Federal Reserve System, monetary policy and federal regulations, and services provided to depository institutions."

Also here:
+ An extensive glossary of economics and money terminology
+ A searchable FedFAQ
+ Links to all the Federal Reserve Bank websites
+ Biographies of all Federal Reserve Bank presidents

The entire site is searchable; there's a keyword search box in the upper righthand corner of the home page and several other pages.

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