Critical Thinking Concepts for Monetary Policy
In the interactive lectures students will select one key concept for monetary policy that they have an interest (List created by instructor from course materials. No more than 10 key concepts should be stated, if more than 10 students, repetitions are permitted. The intent is the quality of the concepts not the quantity.) to learn more about in the learning plan. Students will complete the "logic" of the concept by using a seven step process presented in the description section.
A process goal of the Critical Thinking Concepts for Monetary Policy is to ensure that students have an active learning process in their understanding of key concepts related to monetary policy. Students will select a concept of interest that is germane to them and will internalize the concept by research, illustration, personal example, teaching and critiquing.
Context for Use
The time frame is threefold: Students first will complete the critical thinking steps 1-6 and will be allowed one hour to complete in/out class. Secondly, students then will either present to the class or post to the discussion topic. It is possible for a team approach. The final step is to have the student critique one other student's presentation/discussion. Academic points are given for steps 1-6 and step 7 and should be of equal value.
No special equipment is necessary outside of the classroom but the research part will require access to a computer and internet. The activity is easily adapted to nearly any course or curriculum.
Ready-to-go concepts are stated in Other Information.
Description and Teaching Materials
- Research various web sites, especially the Federal Reserve and Federal Reserve Banks
- Economic blogs
- Critical thinking from the Center for Critical Thinking and defining Critical Thinking
Template for Critical Thinking (Microsoft Word 2007 (.docx) 17kB Apr3 13)
Key Concepts Word Document (Microsoft Word 58kB Apr3 13)
Scoring Guide for Standards (Microsoft Word 2007 (.docx) 19kB Apr3 13)
Teaching Notes and Tips
References and Resources
Critical Thinking Standards
Source for template: Center for Critical Thinking: http://www.criticalthinking.org/