The Virtual Economics Web Companion
| elementary level | middle level | high school level |
This is the companion web page for Virtual Economics, the CD-ROM for K-12 economics and social studies teachers created by the National Council on Economic Education (EconomicsAmerica) and the Nebraska Council on Economic Education, with a grant from the National Science Foundation. A range of materials associated with Virtual Economics can be read or acquired via this web page. In addition to the resources below, Virtual Economics at the University of Nebraska-Lincoln has technical notes and updates for using Virtual Economics.


Acrobat Reader: You will need the free Adobe Acrobat reader. If you have the Virtual Economics installed on your drive, you also have the acrobat reader. If not, the reader is free for downloading from Adobe. After you locate or install the acrobat reader software on your drive (acroread.exe), follow the procedures for installing applications in your web browser (e.g., in Netscape, Options - Preferences - Helpers). The internal links (inside or while reading the pdf files) are not currently implemented in many web browsers, but are not necessary to read or print the document. You will be able to save the document to your drive even if you do not have the Acrobat Reader.

Procedures: When you click on the first document link, it should cause your browser to start the Adobe Reader so that you can read, save, or print the document. Caution: Some of these files are very large, as shown by the file sizes listed..


.Audio/Visual Materials Bibliography
Nebraska Council on Economic Education
Grades: All
This document provides a list of videotapes, films, software and filmstrips with item descriptions. Actual media is not included on the Virtual Economics CD-ROM. In some cases, ordering information is provided.
Click here for Acrobat file (252 KB): AVBIB.PDF


Elementary Resources:

.Wishes and Rainbows
Stephen Devaux
Grades:
Children's story designed to explore the economic problems of scarce resources and society's reactions to such problems.
Federal Reserve Bank of Boston
Public Services Department
P.O. Box 2076
Boston, MA 02106-2076
Click here for Acrobat file (4936 KB): WISH.PDF


.Road To Roota
Stephen Devaux
Grades: 2 - 7
A teacher's guide designed to accompany the comic-style booklet, "Wishes & Rainbows." Provides background information, an analysis of the economic themes in thecomic book, discussion questions, a gloassary of economic terms, and classroom activities.
1981 Federal Reserve Bank of Boston
Public Services Department
Boston, MA 02016
Instructional Unit
Click here for Acrobat file (462 KB): ROOT.PDF


.Life of a Dollar Bill
Federal Reserve Bank of New York
Grades: 4 - 8
Introduces the basic need for money, and the circular flow of resources between households, businesses, government, and financial institutions as told by Mr. Dollar Bill. Teacher's guide outlines goals, vocabulary, and discussion questions.
Federal Reserve Bank of New York
Public Information Department
33 Liberty Street
New York, NY 10045
Click here for Acrobat file (242 KB): LODB.PDF


.My Money
James F. Tucker and Barbara W. Garber
Grades: 4,5,6
A four-part series of published materials on the money most likely used by elementary school students in their financial transactions. Includes four teacher's guides and lesson plans and test.
Federal Reserve Bank of Richmond
Public Services Department
P.O. Box 27622
Richmond, VA 23261
Click here for Acrobat file (516 KB): MYMO.PDF


Middle Level Resources:

.Life of a Dollar Bill
Federal Reserve Bank of New York
Grades: 4 - 8
Introduces the basic need for money, and the circular flow of resources between households, businesses, government, and financial institutions as told by Mr. Dollar Bill. Teacher's guide outlines goals, vocabulary, and discussion questions.
Federal Reserve Bank of New York
Public Information Department
33 Liberty Street
New York, NY 10045
Click here for Acrobat file (242 KB): LODB.PDF


.Once Upon a Dime
C. Martinot, J. Martin, & A. Wenzel.
Grades: 6,7,8,9
Examines the development of a modern economy on a mythical island of Mazuma as it presents the basic economic concepts of spcialization, barter, money, banking and inflation.
Federal Reserve Bank of New York
Public Information Department
33 Liberty Street
New York, NY 10045
Comic books are available free of charge or the entire package including 35 comic booklets is $33.95.
Click here for Acrobat file (4783 KB): DIME.PDF BR>


.Who We Are and What We Do
Federal Reserve Bank of St. Louis
Grades: 6 - 12
Sketches the structure of the Federal Reserve System and the operations of the St. Louis Fed. Photographs, diagrams, and drawings.
Federal Reserve Bank of St. Louis
Public Information Office
P.O. Box 442
St. Louis, MO 63166
Click here for Acrobat file (1213 KB): WWAW.PDF


.Banking Basics
Federal Reserve Bank - Boston
Grades: 7 - 12
Full color booklet answers the most common questions about banks and banking.
Federal Reserve Bank of Boston
P.O. Box 2076
Boston, MA 02106-2076
Click here for Acrobat file (3100 KB): BASC.PDF


.New Global Realities
Tim Schilling
Grades: 7 - 12
Given its undeniable importance, globalization and its implications for the Midwest seemed a particularly appropriate theme for FRB-Chicago's first annual regional economic education conference. The conference, held in May 1991, focused on three aspects of globalization: Global Markets and the Midwest Economy; Financial Globalization; and Economic Policy Options in a Global Context: (Conference Proceedings).
Federal Reserve Bank of Chicago
Public Information Center
230 LaSalle Street, P.O. Box
Chicago, IL 60690-0834
Click here for Acrobat file (1396 KB): GLOB.PDF


High School Level Resources:

.ABC's of Figuring Interest
Gonczy: Booklet, Grades: 9 - 12
Discusses the various ways of calculating interest and how this can affect the dollar amount paid.
1994 The Federal Reserve Bank of Chicago
P.O. Box 834
Chicago, IL 60690-0834
Click here for Acrobat file (370 KB): ABFI.PDF


.Achieving Economic Stability: Lessons from the Crash of 1929
(Free) Federal Reserve Banks -Minneapolis
Grades: 9 - 12
Discusses various explanations of the crash of 1929, and subsequent policy recommendations. Comparisons are made with the October 1987 stock market plunge, and it is suggested that with appropriate public policy response, the economy can remain on a stable course although not without challenges.
1987 Federal Reserve Bank of Minneapolis
Public Affairs Department
250 Marquette Avenue
Minneaoplis, MN 55401-0291
Click here for Acrobat file (162 KB): AES.PDF


.Agricultural Economics and the American Revolution
Michael Ellerbrock
Grades: 9 - 12
A case study fully illustrating economic principles--principles wich sowed the seeds of revolution, and which perhaps remain important today. The relationships between politics, law; and economics are examined.
Michael J. Ellerbrock
Virginia Polytechnic Institute & State University
Blacksburg, VA 24061-0401
Click here for Acrobat file (93 KB): AEAR.PDF


.Basics of Foreign Trade and Exchange
Adam Gonnelli
Grades: 9 - 12
Provides and elementary discussion on interest rates and their effect on production, employment, income, and prices.
Federal Reserve Bank of New York
Public Information Department
33 Liberty Street
New York, NY 10045
Click here for Acrobat file (600 KB): BFTE.PDF


.Basics of Interest Rates
Richard D.C. Trainer
Grades: 8 - 12
Provides and elementary discussion on interest rates and the effect on production, employment, income, and prices.
1987 Federal Reserve Bank of New York
Public Information Department
33 Liberty Street
New York, NY 10045
Supplementary Materials (free).
Click here for Acrobat file (761 KB): BOIR.PDF


.Circular Flows - A Teaching Plan
Richard Trainer
Grades: 9 - 12
Plan traces through a series of ionterconnected economic and financial flows to explain the workings of the American economy. The model developed allows students to understand the effects of Federal Reserve monetary policy.
Federal Reserve Bank of New York
Public Information Department
33 Liberty Street
New York, NY 10045
Click here for Acrobat file (384 KB): CIRF.PDF


.Debt and Deficits
David Rosen
Grades: 9 - 12
Examins the national debt and deficits, looks at their size and impact, and discusses various policy measures for bringing them under control. Free.
1994 Federal Reserve Bank of New York
Public Information Department
33 Liberty Street
New York, NY 10045
Click here for Acrobat file (485 KB): DEBT.PDF


.Economic Activity and Markets
Gary Santoni
Grades: 9 - 12
Relates how the nation's economic activity is coordinated in producing the goods and services the country demands.
1995 Federal Reserve Bank of St. Louis
Public Information Department
P.O. Box 442
St. Louis, MO 63166
Click here for Acrobat file (231 KB): EAAM.PDF


.Economic Report of the President, Selected Tables
USGPO
Grades: 9 - 12
Selected tables from the Economic Report of the President, 1995, can be viewed in tabular form. To access data files for use in spreadsheet applications, note the data file name given in the table heading, and retrieve from the statistics directory.
Click here for Acrobat file (440 KB): ERPS.PDF


.Free Enterprise, the Economy and Monetary Policy
Federal Reserve Bank of Dallas
Grades: 9 - 12
Full color booklet which describes the role of free enterprise in our economy.
Federal Reserve Bank of Dallas
Public Affairs Department
2200 N. Pearl Street
Dallas, TX 72501-2272
Click here for Acrobat file (2590 KB): FREN.PDF


.Glossary of Federal Reserve Terms
Grades: 10,11,12
Public understanding of the responsibilities of the Federal Reserve System is sometimes made difficult by the terms used in discussing the financial system. Some of the terminology relates to general economic concepts; some originates in banking;a nd some relates uniquely to the Federal Reserve.
Federal Reserve Board of Governors
Click here for Acrobat file (102 KB): GFRT.PDF


.Great Economists and Their Times
K. Glamme, M. Hendricks, & D. Oden
Grades: 9-12
Booklet outlines the evolution of economic throught. A timeline from 1730 to 1980 which cites general historica events is included
Federal Reserve Bank of San Francisco
Public Information Department
P.O. Box 7720
San Francisco, CA 49120-7702
Click here for Acrobat file (80 KB): GETT.PDF


.How Banks Create Money
Lyndi Beale
Grades: 9 - 12
This module explains how the U.S. banking system uses excess reserves to create money in the form of new deposits for borrowers.
Federal Reserve Bank of San Francisco
Public Information Department
P.O. Box 7702
San Francisco, CA 94120
Click here for Acrobat file (476 KB): HBCM.PDF


.How to Establish And Use Credit
Martha Skoog
Grades: 10,11,12
Discusses how to qualify for credit and use it wisely.
Federal Reserve Bank of Philadelphia
Public Information Department/Publications
P.O. Box 66
Philadelphia, PA 19105-0066
Click here for Acrobat file (60 KB): HTEU.PDF


.International Trade and the Economy
Federal Reserve Bank of Dallas
Grades: 9 - 12
Full color booklet which discusses the basics of international trade.
Federal Reserve Bank of Dallas
Public Affairs Department
2200 N. Pearl Street
Dallas, TX 72501-2272
Click here for Acrobat file (2346 KB): ITE.PDF


.Key To the Gold Vault
Dorthy Hamburg-Groppe
Grades: 9 - 12
Unlocks some of the mysteries of gold, exponses its glamorous past, and reveals the work-a-day operations of the New York Fed's gold vault. (free up to 50 copies).
1991 Federal Reserve Bank of New York
Public Information Department
33 Liberty Street
New York, NY 10045
Click here for Acrobat file (3752 KB): KEGV.PDF


.Labor, The Economy, and Monetary Policy
Federal Reserve Bank of Dallas
Grades: 9 - 12
Full color booklet which describes the labor market in relation to the national economy.
Federal Reserve Bank of Dallas
Public Affairs Department
Station K
Dallas, TX 75222
Click here for Acrobat file (2111 KB): LEMP.PDF


.Lending Discrimination and the Community Reinvestment Act
Federal Reserve Bank of Minneapolis
Grades: 9 - 12
The Resource Packet is divided into seven sections. Sections I and II present writing guidelines and specific contest rules. Sections III, IV and V describe the major issues involved with lending discrimination and CRA. Sections VI and VII offer information on the Federal Reserve System and an extensive golassary and bibliography.
Federal Reserve Bank of Minneapolis
Public Affairs Department
250 Marquette Avenue
Minneapolis, MN 55401-0291
Click here for Acrobat file (692 KB): LDCR.PDF


.M x V = Spending
Lyndi Beale
Grades: 9 - 12
This document is designed to accompany a video of a computer-animated pinball machine to show how changes in the money supply and the velocity of money (how quickly money is spent in a period of time) affect overall spending in the economy.
Federal Reserve Bank of San Francisco
Public Information Department
P.O. Box 7702
San Francisco, CA 94120
Click here for Acrobat file (217 KB): MXVS.PDF


.New Global Realities
Tim Schilling
Grades: 7 - 12
Given its undeniable importance, globalization and its implications for the Midwest seemed a particularly appropriate theme for FRB-Chicago's first annual regional economic education conference. The conference, held in May 1991, focused on three aspects of globalization: Global Markets and the Midwest Economy; Financial Globalization; and Economic Policy Options in a Global Context: (Conference Proceedings).
Federal Reserve Bank of Chicago
Public Information Center
230 LaSalle Street, P.O. Box
Chicago, IL 60690-0834
Click here for Acrobat file (1396 KB): GLOB.PDF


.A Resource for Economic Educators from the Federal Reserve Bank of Chicago
Federal Reserve Bank of Chicago
Grades: 9 - 12
Explores economic or consumer education topics, suggests supplemental reading materials and teaching activities, and relates news of regional economic education programs.
Federal Reserve Bank of Chicago
Public Information Center
230 South LaSalle Street
Chicago, IL 60690-0834
Click here for Acrobat file (1977 KB): RESR.PDF


.Relevance of Adam Smith
Robert L. Hetzel
Grades: 9 - 12
Uses quotations from The Wealth of Nations to illustrate how Adam Smit's major ideas are still widely used.
Federal Reserve Bank of Richmond
Public Services Department
P.O. Box 27622
Richmond, VA 23261
Click here for Acrobat file (154 KB): ROAS.PDF


.RISK-IT!
Grades: 9 - 12
Jeopardy-Style game which reviews terminology central to money, banking and the Federal Reserve System.
Federal Reserve Bank of Minneapolis
Public Affairs Department
250 Marquette Avenue
Minneapolis, MN 55401-0291
Click here for Acrobat file (86 KB): RISK.PDF


.Rural America in Transition
Mark Drabenstott & Lynn Gibson
Grades: 9 - 12
Explores the economic change underway in rural America today and reviews the policy alternatives for dealing with this change.
1988 Federal Reserve Bank of Kansas City
Public Affairs Department
925 Grand Avenue
Kansas City, MO 64198-0001
Click here for Acrobat file (327 KB): RAIT.PDF


.Spending - X x P Module
Lyndi Beale
Grades: 9 - 12
This module explores the relationship between total spending in the economy, production, and prices. It illustrates how increases in spending generate increases in production when the economy is producing below capacity. At capacity, output cannot grow. At this point, increases in spending can only show up as higher prices or inflation.
Federal Reserve Bank of San Francisco
Public Information Department
P.O. Box 7702
San Francisco, CA 94120
Click here for Acrobat file (171 KB): SQPM.PDF


.Too Much, Too Little
Grades: 9 - 12
Teacher's guide designed to accompany a video which explains how the Unites States has dealt with the issue of the appropriate amount of money for the economy and reviews the events that led to the establishment of the Federal Reserve System. Ask for the 25-minute VHS videocassette.
Federal Reserve Bank of New York
Public Information Department
33 Liberty Street
New York, NY 10045
Click here for Acrobat file (2232 KB): TMTL.PDF


.Who We Are and What We Do
Federal Reserve Bank of St. Louis
Grades: 6 - 12
Sketches the structure of the Federal Reserve System and the operations of the St. Louis Fed. Photographs, diagrams, and drawings.
Federal Reserve Bank of St. Louis
Public Information Office
P.O. Box 442
St. Louis, MO 63166
Click here for Acrobat file (1213 KB): WWAW.PDF


.Your Money and the Federal Reserve System
Federal Reserve System of Minneapolis
Grades: 10,11,12
1982 Federal Reserve Bank of Minneapolis
Public Affairs Department
250 Marquettet Avenue
Minneapolis, MN 55401-0291
Click here for Acrobat file (4395 KB): YMFR.PDF


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