Process

Before Beginning this project you should have read the Chapter in your Economics book on monetary policy and the Federal Reserve system. You should also view the The Fed Today video if not please go to The Fed Today and view the video.

Process:

(1)    You will be placed in a taskforce of 3.

(2)    Assign each taskforce member one of the three roles:


 
Chairman of the Federal Reserve: is the head of the central banking system of the United States and one of the most important decision-makers in American economic policies. How does the Chairman become appointed? What is his term of office? What are his responsibilities? Who is Alan Greenspan? Why is he important? How important is the position of Chairman of the Federal Reserve?
Links for information:
http://www.federalreserve.gov/pubs/frseries/frseri.htm
http://www.federalreserve.gov/pubs/frseries/frseri3.htm
http://www.federalreserve.gov/pubs/frseries/frseri4.htm 

 


Federal Open Markets Committee (FOMC): is charged with overseeing open market operations in the United States, and is the principal tool of US national monetary policy. Who sits on the FOMC? What is the importance of the FOMC? How do they influence the monetary policy? What are the three tools for controlling the money supply? Which tool is used the most? What is their goal? How does the FOMC impact the economy?
Links for information:
http://www.federalreserve.gov/policy.htm
http://www.federalreserve.gov/fomc/
http://www.federalreserve.gov/pubs/frseries/frseri2.htm

President of the New York Reserve Bank: The Federal Reserve Bank of New York is the most important of the twelve Federal Reserve Banks of the United States. What is the importance of the President of NY Reserve Bank? Why is the NY branch the most important? What are his responsibilities as president? How much money goes through the NY branch daily, yearly?

Links for information: http://www.federalreserve.gov/bios/pres.htm
http://www.federalreserve.gov/bios/pres02.htm
http://www.federalreserve.gov/pubs/frseries/frseri3.htm
http://www.newyorkfed.org/


 
(3)    Along with each taskforce member’s role, the entire taskforce must answer the following questions:

    a.    When, how, and why was the Federal Reserve System created?
    b.    How many other central banks in United States history have been created         and dissolved? Why have they been dissolved?
    c. How does the Fed serve the nation's bank? What is the reserve requirement?

Use theses websites       

         i.    http://www.federalreserve.gov/generalinfo/mission/default.htm
        ii.    http://www.federalreserve.gov/pf/pf.htm
        iii.    http://www.federalreserveeducation.org/fed101/structure/
        iv.    http://www.federalreserveeducation.org/fed101/history/
        v.    http://www.frbsf.org/publications/federalreserve/fedinbrief/index.html

(4)    Brainstorm as a team on ideas for the presentation.

(5)    Construct a PowerPoint presentation.

(6)    Prince Albert II presentation. This is your chance to impress your colleagues and have an impact of the future of the Monaco’s economy policy. Be creative and standout from the other taskforces.

(7)    On the day of your presentation a printout of your taskforce’s PowerPoint along notes to the presentation should be turned into your teacher.