Category: Economics

EconExtra: Why Was The April Job's Report So Disappointing?

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May 15, 2021
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Economics
The Headlines After significant gains in jobs reported in March, April’s increase of 266,000 was a caught many who predicted the figure to be a million by surprise.   With the economy appearing to be making a strong recovery, vaccinations hitting a critical mass, and everyone ready to get back to life more like it once was, the April number was confounding. Furthermore, the March gain was revised down from 916,000 to 770,000. Many (Fed and White House) urge caution in jumping to...

Reading List for May 14-16

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May 14, 2021
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Taxes, Economics, Investing, Cryptocurrencies, Budgeting
The delayed tax deadline is Monday. So let’s start this week’s list with one on Taxes. 5 tax tasks to take care of by May 17 (Don't Mess With Taxes)   Economics Here are several articles discussing the Consumer Price Index jump in April. CNBC covers the basics and the NYT (I highly recommend reading anything by Jeanna Smialek) provides a bit more analysis. The WSJ discusses Fed Governor Waller’s comments on the number, and also discusses which components of the CPI may...

Reading List for May 7-9

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May 07, 2021
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Investing, Economics, Financial Literacy, Identity Theft
Financial Literacy Market Watch covers the research explaining the gender gap in financial literacy (confidence).     Investing It’s the season of annual shareholder meetings. Here are the highlights from this year’s address by Buffet and his team. (Yahoo) The market is still going gangbusters. Here is a trio of posts on the growth: Reuters discusses the midweek bounce and economic data. The NYT explains why the proposed tax increase isn’t dampening enthusiasm....

Reading List for April 30-May 2

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Apr 30, 2021
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Financial Literacy, Economics, Investing
Financial Literacy Month This story from Hawaii explains how parents are using apps to teach their kids about money when schools don’t. (KITV) This Atlanta Fed article highlights research that concludes children form money habits by the age of seven and describes a few resources that can be used with younger kids.   Economics First quarter GDP figures came out at 6.4%, leaving the economy just 1% below it’s pre-pandemic high. (AP) (NYT-graph below from this article)  ...

Question of the Day: Can you name one of the five fastest growing states based on 2020 Census data?

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Apr 27, 2021
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Question of the Day, Economics
Answer: Utah, Idaho, Texas, North Dakota, Nevada Questions: What do you think are the factors that drive population growth in states? What impact does population growth have on economic activity in a state?  Is there a pattern that you see in terms of what region of the country seems to be experiencing the most growth?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Brookings): At the high end for growth...

EconExtra: Building a Pipeline for Future Economists

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Apr 23, 2021
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Economics, Career
Education has been an important initiative across the entire Federal Reserve System (the Board of Governors and the twelve district Banks). I’m sure you have all know your way around federalreserveeducation.org for resources for your students, have used econlowdown®, or perhaps attended Fed-sponsored professional development or tuned in to a Fed webinar. And while most Federal Reserve banks contribute educational resources and programming for students and in support of teachers, this...

Reading List for April 23-25

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Apr 23, 2021
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Financial Literacy, Cryptocurrencies, Economics, Investing
Financial Literacy More experts weigh in on the importance of teaching personal finance to students before they leave high school. (CNBC)   Cryptocurrency What is Coinbase, and how do you use it? (CNBC) Cryptocurrencies took a beating this week. Find out why. (USAToday)(Yahoo Finance) What is the deal with Dodgecoin? (Yahoo Finance)   Economics The newest Federal Reserve Governor makes his economic outlook public. (CNBC) Speaking of the Fed, some are criticizing the politically...

Reading List for April 16-18

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Apr 16, 2021
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Financial Literacy, Investing, Economics
Financial Literacy Month According to a new survey from Step, 97% of GenZ think financial literacy is important. (Yahoo Finance) The American Banker is suggesting to its bank and credit union constituents that financial literacy is the key to attracting a broader base of customers.   Investing CoinBase had a successful IPO this week (AP News), as did online betting company Esports (Seeking Alpha). What does the Coinbase listing means for the price of bitcoin and other...

EconExtra: "I want to be an Economist when I grow up" said no 5-year old ever.

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Apr 10, 2021
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Economics, Career
The Issue While there is no particular group of headlines inspiring this post on the economics profession, the continuing pandemic showcases economists and their models. Even the models used to predict cases and deaths use econometric methods. (Read about those models here.) Think of all the disruptions to the economy caused by the pandemic and the forecasts of their impact that have been in the news since the start.  Economists are doing that work too.   Studying economics in high...

NGPF Podcast: Mary Clare Peate and Roman Hardgrave of Marginal Revolution University on the science of learning

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Apr 10, 2021
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Podcasts, Economics
Mary Clare Peate and Roman Hardgrave join the NGPF podcast this week with Tim to discuss their economics curriculum, a cool tool called EconInbox and their favorite resources to stay current in the fast changing world of economics. Enjoy!  Details: 0:00~0:24 Introduction 0:24~7:27 Current Events with Missbehelpful: The Creator Economy 7:27~7:55 A word from NGPF 7:55~9:45 Introducing this week’s guests: Mary Clare and Roman from Marginal Revolution University 9:45~16:37 Early money...

Reading List for April 9-11

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Apr 09, 2021
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Financial Literacy, Economics, Investing, Cryptocurrencies, Mortgages
Financial Literacy CNBC posted three different articles in about 24 hours about the importance and impact of a personal finance education, and all three include quotes from Tim Ranzetta and NGPF research. Early financial education State of personal finance education Financial literacy can reduce the racial wealth gap   Investing NFTs seem to have been a flash in the pan. (The Atlantic) Jamie Dimon’s annual letter to shareholders got some press this week. JPMorgan Chase’s...

Reading List for April 2-4

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Apr 02, 2021
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Investing, Economics, Cryptocurrencies, Current Events
Investing This week’s (year’s) big investment story was the dramatic fall of Archegos Capital. After a brief recap of the GameStop story to tee it up, this article takes a pretty deep dive into how this was allowed to happen. (Slate) Last week’s hot topic, NFTs, warranted a skit on SNL this week, but is now projected to become a bubble. (Medium)   Economics While new unemployment claims ticked up a bit last week to 719,000 (Yahoo Finance), the March jobs report...

EconExtra: Honoring Women Philanthropists

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Mar 27, 2021
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Economics, Generosity
To honor Women’s History Month and International Women’s Day earlier this month, let’s take a look at philanthropic women. As this is history month, we will look at the rise of female philanthropists as well as recent headlines. As this is an Economics post, we will pose an Economics question for classroom discussion.   The History   The history of female philanthropists started in the 1600s. Have you heard of Radcliffe (Harvard) College? It was named for Ann...

Reading List for March 26-28

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Mar 26, 2021
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Investing, Economics, Insurance, Taxes
Investing We are one year out from the stock market bottoming out. What has happened since then? (Irrelevant Investor) What is the bond market saying about inflation expectations? (NYT) Roblox IPO, like the company, was HUGE! (Investors.com). GMA aired a story today with warnings to parents about its dangers (surprise bills and bullying).   Economics New unemployment claims dropped below 700,000 for the first time since the start of the pandemic (CNBC), but payments to millions of...

EconExtra: How RBG Helped Women Gain Financial Independence

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Mar 20, 2021
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Economics
EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons. Today’s students may not realize that what we currently teach about credit would not have applied to the young women in your class before the mid-70s. Women could not open a bank account, get a credit card in their own name, or borrow money without a...