What's Your Time Worth?
By Mary Ascher
You'll practice calculating your time with regards to the economic concepts of scarcity and choice and positive vs. normative economics.
Students read about the Federal Reserve System's structure and goals and the tools it uses to control the flow of money and credit in the economy. At the end of this activity, learners are asked to write how they would solve specific economic problems if they served on the Fed's Board of Governors.