November 2012 Workshop
November 2-3, 2012 (in conjunction with Federal Reserve Bank of St. Louis Professors Conference)
By Invitation Only
This hands-on workshop is focused on developing exercises for college-level introductory economics courses using FRED (Federal Reserve Economic Data) resources. Specifically, this workshop will bring together a community of economic educators to develop activities for the example library at the Starting Point: Teaching and Learning Economics pedagogic portal.
The workshop will begin at 1:00 pm on Friday, November 2 (following lunch at the end of the Professors Conference) and end at noon on Saturday, November 3. During the workshop we will work collectively to learn about FRED and develop economics exercises utilizing FRED data. By the end of the workshop all participants will have created a draft of at least two new exercises for use in an introductory economics course. Following the workshop, participants will have several weeks to complete the exercises they have created.
- Jerry Amoloza, East Central College
- Lila Balla, Lindenwood University
- Ariel Belasen, SIU Edwardsville
- Maria Bravo Gonzalez, St. Louis Community College - Meramec
- Stephanie Campbell, Mineral Area College
- Nan-Ting Chou, U. of Louisville
- TJ Devine, Illinois College
- Connell Jones, Henderson Community College
- David Kern, Arkansas State University
- Areerat Kichkha, Lindenwood University
- Felix Kwan, Maryville University
- Gary Lunkenheimer, Cottey College
Kenneth Moran, Harding University
- Eric Nielsen, St. Louis Community College - Meramec
- Linda Poole, Lewis and Clark Community College
- Doug Schneiderheinze, Lewis and Clark Community College
Dennis Shannon, Southwestern Illinois College
- Joseph Sobieralski, Southwestern Illinois College
(All activities at Federal Reserve Bank of St. Louis)
Friday, Nov. 2 (Afternoon)
1:00 - 1:45 pm – Background about the Starting Point project (to provide context for the workshop activities)
1:45 - 2:45 pm – Background on FRED resources
2:45 - 3:00 pm – Activity Development Format - introducing the format for the activities you will develop
- Starting Point Activity Development Worksheet (Microsoft Word 53kB Oct29 12)
- Use this for developing your activities.
3:00 - 3:15 pm – Break
3:15 - 4:30 pm – Activity development (working as individuals or pairs/groups of individuals)
4:30 - 5:00 pm – Reporting out (progress so far and next steps)
Evening – Dinner at local restaurant (organized by Federal Reserve)
Saturday, Nov. 3 (Morning)
8:00 - 8:45 am – Breakfast at Federal Reserve Bank
8:45 - 9:00 am – Expectations for the day
9:00 am - 9:30 am – Finish first activity (save as Word file)
9:30 am - 11:00 am – Develop second activity
11:00 am - 11:30 am – Posting activities to the Starting Point site
11:30 am - 11:45 am – Next steps/Feedback on submissions/Revisions
Noon – Box lunches/Workshop ends
We are able to offer $500 stipends for college faculty members who participate in this workshop. The stipend will be paid upon completion of the exercises described above. In addition, we are able to support hotel costs (up to $200) for the additional day (Friday night- Saturday midday) that this project will require, if needed. Transportation costs are the responsibility of the participant.
- Hotel: please submit this invoice form (Microsoft Word 22kB Oct30 12) with original receipt (up to $200). Also, complete and submit a W-9 form available here
- Stipend: Please submit a W-9 if you have not already done so for your hotel reimbursement. The stipend will be paid upon completion of the exercises described above.
Return W-9, invoice and receipt to:
Department of Economics
1500 N. Verdugo Road
Glendale Community College
Glendale, CA 91208
Support for this workshop comes from a National Science Foundation grant project: Starting Point: Teaching and Learning Economics. This project created a web-based pedagogic portal for economics instructors, providing extensive information about sixteen different pedagogic practices, as well as a library of teaching examples (exercises) supporting the use of those practices. The workshop is also being supported in collaboration with another National Science Foundation grant project: Economics at Two Year Colleges, "an initiative to promote the use of innovative economic education resources by community college instructors."
The Starting Point web site is maintained by the Science Education Resource Center (SERC) at Carleton College (MN), a partner in our project. We will be using the SERC site to host the exercises you create (click here for an example). While in development, these pages will be private, accessible only to project participants. Upon the author's approval and review by the project staff, they will be made public at the Starting Point site. Authors will receive credit for this publication on the site (see the example linked above).
- Starting Point Project Handout: Starting Point Handout (Acrobat (PDF) 99kB Nov5 12)
- Journal of Economic Education Starting Point article: JEE Article on Starting Point (Acrobat (PDF) 127kB Nov5 12)
- Workshop slides (Starting Point): Workshop Slides (Acrobat (PDF) 1.9MB Nov5 12)
The Federal Reserve Bank of St. Louis has a variety of useful resources on using FRED data in the classroom. See below for samples.
Historical Data and Documents
- College Resources Page
- FRED in the Classroom: Debt and Deficit
- FRED in the Classroom: Employment and the Labor Force
- FRED in the Classroom: Measures of Inflation
- PAGE ONE Economics
- PAGE ONE Economics - Classroom Edition
- Creating Graphs with FRED - Student Instructions (Microsoft Word 523kB Nov3 12) (from Gail Heyne Hafer)
Activity Submission Deadlines
- First activitysubmission due December 21, 2012
- Second activity submission due January 31, 2012
Once submitted we will provide comments on your submission and suggestions for revisions. Please make sure to keep a copy of your activities as Word files. You will need to make your revisions to that document and cut-and-paste into the online submission form again when you submit the final draft.
AEA Conference on Teaching and Research in Economic Education - Session on "Using FRED in the Classroom"
This conference will be held May 29 to May 31, 2013 in Chicago. Submissions deadline: December 15, 2012. "Submissions may be of individual papers, complete sessions of three or four papers, workshops, or panels. We especially encourage submissions of completed sessions." We would like to submit a complete session (with you as presenters) on "Using FRED (Federal Reserve Economic Data) in the Classroom," highlighting the work that you are doing at this workshop, at this conference. The Federal Reserve Bank of St. Louis will also be conducting a half-day workshop on FRED just prior to the conference. We will be in touch with you via email in the coming week or two to determine your interest in this initiative.
If you'd like to share ideas with or get feedback from the participants of this workshop group, send email to the workshop group listserv:
Project and Workshop Leaders
Project Leaders: Starting Point – Teaching and Learning Economics National Science Foundation Project
- Scott Simkins - North Carolina A&T State University
- Mark Maier - Glendale Community College
- KimMarie McGoldrick - University of Richmond
Workshop Coordinators: Economics at Community Colleges National Science Foundation Project
Please contact Scott Simkins if you have questions.
For Use by Workshop Director (Activity Submission Management)
- Activity Submission Queue - check here first after submitting and use "view" link to move to FRED mini-collection
- FRED Workshop Mini-Collection Directory - mini-collection directory of submitted activities which can then be viewed
- FRED Module Examples Page - after moving to FRED mini-collection the examples will appear here