By the end of this section, you will be able to do the following: Understand how fiscal policy and monetary policy are interconnected, Explain the three lag times that often occur when solving economic problems, and Identify the legal and political challenges of responding to an economic problem.

A thorough description of fiscal policy, how the federal government uses it to stabilize the economy, and economic indicators that influence policy.

Inflation, unemployment, recession, and economic growth affect people in real ways. Through interactive lessons, this module teaches students about fiscal policy, the avenue by which Congress and the president attempt to influence the economy. Three modules that would further students understanding of the content are GDP and Pizza, The Unemployment Short Modules, and The Fed's New Monetary Policy Tools. This content from Econ Lowdown also features alignment to national Financial Literacy and/or Economics standards.

Inflation, unemployment, recession, and economic growth affect people’s lives. This module teaches students about fiscal policy, the avenue by which Congress and the president can attempt to influence the economy. Other modules that would further students understanding of the content are GDP and Pizza, Government Budgets, The Story of Unemployment, and Monetary Policy. This content from Econ Lowdown also features alignment to national Financial Literacy and/or Economics standards.

Practice what you have learned about the short-run consequences of using fiscal and monetary policy in conjunction with each other or in opposition to each other.

Khan Academy learning modules include a Community space where users can ask questions and seek help from community members. Educators should consult with their Technology administrators to determine the use of Khan Academy learning modules in their classroom. Please review materials from external sites before sharing with students.

History holds many economic lessons. The Great Depression, in particular, is an event that provides the opportunity to teach and learn a great deal about economics-whether you're studying the economic reasons that the Depression took place, the factors that helped it come to an end or the impact on Americans who lived through it. This curriculum is designed to provide teachers with economic lessons that they can share with their students to help them understand this significant experience in U.S. history.

This is a JiTT exercise in which students apply introductory-level macroeconomic analysis to the question of how large the stimulus package put forward to Congress in early 2009 needed to be to close the recessionary gap facing the U.S. economy at that time. In particular, this exercise asks students to bring together the concepts of potential and actual GDP, recessionary gaps, fiscal policy, spending and taxing multipliers, and effects of changes in aggregate spending on employment and output.

In this short overview of the Federal Reserve System, students will get acquainted with the major roles and responsibilities of the central bank. It is a module that is designed primarily for those who are preparing a trip to the Federal Reserve Bank of Chicago (or another regional Federal Reserve location). It could also serve as a primer for students just being introduced to the Fed in various contexts.

Inflation, unemployment, recession, economic growth?these economic concepts affect people in very real ways. In this module containing three interactive, thought-provoking lessons, students will learn about monetary policy, the avenue by which the Federal Reserve System attempts to influence the economy. Four other modules that would further students understanding of related content are GDP and Pizza, The Story of Unemployment, The Great Inflation, and Fiscal Policy.

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.

By the end of this section, you will be able to:

Identify U.S. budget deficit and surplus trends over the past five decades
Explain the differences between the U.S. federal budget, and state and local budgets

By the end of this section, you will be able to:

Explain the nature and causes of unemployment
Analyze the natural rate of unemployment and the factors that affect it
Identify how undeveloped labor markets can result in the same hardships as unemployment

By the end of this section, you will be able to:

Describe microeconomics
Describe macroeconomics
Contrast monetary policy and fiscal policy

Tilburg University's Center for Economic Research provides "Discussion Papers" about economic topics here. Papers are indexed and many can be downloaded.