Title: Using the Fed Challenge to provide experiential learning of monetary policy

Authors: Michelle A. Crook

Addresses: Roanoke College, Department of Business Administration and Economics, 221 College Lane, Salem, VA 24153, USA

Abstract: This paper describes how an experiential learning opportunity known as the Fed Challenge, coaching teaching methods, and active learning activities can promote a practical application of monetary policy in the discipline of economics. Readers are encouraged to consider if these teaching methods and activities could be incorporated into their own courses or if such experiential learning opportunities could be sought at their respective colleges or universities.

Keywords: experiential learning; economics education; College Fed Challenge; Federal Reserve; Federal Open Market Committee; FOMC; monetary policy; teaching methods; active learning; USA; United States.

DOI: 10.1504/IJPEE.2016.080306

International Journal of Pluralism and Economics Education, 2016 Vol.7 No.4, pp.426 - 437

Received: 12 Mar 2016
Accepted: 07 Jun 2016

Published online: 08 Nov 2016 *

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