Are Recessions Good for Gas Prices? part of Pedagogy in Action:Library:Using Federal Reserve Economic Data :Examples
In this activity students will be investigating the effects of supply and demand on weekly prices of gasoline in the United States from 2006-2010. Students will use FRED data from the St Louis Federal Reserve to investigate the change in conventional gasoline prices (in dollars per gallon) over time and in particular during recessions. The factors that impact gasoline prices can be explored and how those variables change over time and during a recession. Students will have the opportunity to interact with another student to present and report the difference between impact factors on supply and demand on the price of gasoline during a recent recession period.
Where Do You Want to Live? Using GeoFRED part of Pedagogy in Action:Library:Using Federal Reserve Economic Data :Examples
In this activity, the students will use GeoFRED information to provide a researched argument for the state they want to live in. They will look at the various data available in GeoFRED and provide a reasoning using data to support their decision. The students will be able to explore and evaluate the factors impacting states and describe how these factors have changed over time.