How I Use It
This game lets student become the chairman of the federal reserve and make decisions that can either help or hurt our economy. They choose the federal funds rate and then watch how unemployment and inflation are affected. The game also shows newspaper headlines which are clues about whether the economy is good or bad. Students keep adjusting the federal discount rate up or down. They have 16 months to get the right rate, but they could be fired if they make too many mistakes.
This site gives students a way to apply how the federal funds rate is tied to our economy and how important the Federal Reserve is to unemployment and inflation--both hard to get high school students to understand. This is a good short time activity or something to have students do if they finish early. It is not something that will take a whole class period.