Currency is a powerful cultural artifact; the imagery portrayed on bills and coins depict a nation's values and ideals. The process of selecting an American woman to appear on a U.S. Treasury bill began when a nine-year-old girl wrote to President Obama about her concern that no women were depicted on U.S. paper bills. The Treasury announcement to…

Video clips are an excellent way to enhance lecture material. Television commercials are a source of video examples that should not be overlooked and they are readily available on the internet. They are familiar, short, self-contained, constantly being created, and often funny. This paper describes several examples of television commercials that…

The Federal Reserve System (the Fed) is one of the most important financial institutions in the world. As the central bank of the United States, it influences the domestic money supply, credit, and interest rates with the goal of achieving stable prices and full employment for the world's largest economy. It provides a variety of services to…

Bitcoin, Litecoin, Dogecoin, et al "cryptocurrencies" have enjoyed a meteoric rise in popularity and use as a way of performing transactions on the Internet and beyond. While gaining market valuations of billions of dollars and generating much popular press in doing so, little has been academically published on the Computer…

The Federal Reserve System is the central bank of the United States. The system includes 12 Federal Reserve Banks (and their associated branches) located throughout the country, with oversight by the Board of Governors in Washington, D.C. The diverse structure is designed to ensure that the interests of Main Street are represented along with those…

Introducing students to continental currency may well encourage their interest in the economic context of the Constitution and their understanding of a wide range of economic concepts. This brief article describes a lesson to familiarize students with continental currency and its relationship to Article I, Section 8, of the Constitution and the…

The emergence of Bitcoin as an online currency/payment system has been surrounded with controversy with equally passionate proponents and detractors arguing for its long-term viability. These debates lead to stimulating exercises for the finance or economics student eager to understand principles of money, currencies, and monetary economics. The…

We taught 2 children with visual impairments to select a coin from an array using tactile cues after hearing its name and then to select a coin after hearing its value. Following the acquisition of these listener (receptive language) skills, we then observed the emergence of speaker (expressive language) skills without direct instruction.…

Populism is a relevant issue in the teaching of American history. Historically, the standard interpretation of Populism perceived the movement as favorable. How educators handle conflicting views of Populism is important in engaging students in critical thinking. This article describes the history of American Populism, explains how Populism can be…

The author provides a general model to incentivize student involvement in an economics course on an ongoing basis. Rather than presenting students with a discrete number of diverse experiments to illustrate different economic concepts, he opts for the adoption of a single experiment that lives for the duration of the semester. This approach…

With powerful influence on the people, taboos should be noticed with keen awareness and handled with cautious respect for international visitors in China, a traditional country in its process of modernization, if successful cross-cultural communication is to be achieved. In the ever changing and integrating world, Chinese taboos are never free…

The lessons learned from the recent financial crisis should significantly reshape the economics profession's thinking, including, importantly, what we teach our students. Five such lessons are that we live in a monetary economy and therefore aggregate demand and policies that affect aggregate demand are determinants of real economic outcomes; that…

The authors developed a classroom experiment on exchange rate determination appropriate for undergraduate courses in macroeconomics and international economics. In the experiment, students represent citizens from different countries and need to obtain currency to purchase goods. By participating in an auction to buy currency, students gain a…

For the open economy, the workhorse model in intermediate textbooks still is the Mundell-Fleming model, which basically extends the investment and savings, liquidity preference and money supply (IS-LM) model to open economy problems. The authors present a simple New Keynesian model of the open economy that introduces open economy considerations…

The author offers innovative approaches to 3 topics that are typically only briefly mentioned (if at all) in money and banking courses. The first topic is a Treasury bill auction experiment in which students have an opportunity to participate directly. The results from a class of 14 money and banking students are used to explain how an instructor…