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The Soul of Our Economy: Uncovering Stories of Economic Challenge

Summer Professional Development

June 22–24, 2021 Virtual

In this year’s Summer Professional Development virtual sessions, “Soul of Our Economy: Uncovering Stories of Economic Challenge,” Federal Reserve Bank of Dallas researchers and subject matter experts delivered presentations, lively discussions and classroom-ready materials examining current economic issues and how they affect the communities in which we live.

Agenda

Day 1

June 22: The Stories Behind the Data

9:00 a.m.

Welcome and Introduction
Roberto Coronado, Senior Vice President and Senior Economist

9:05 a.m.

Session 1: Paradox of Unemployment
Joe Tracy, Executive Vice President and Senior Advisor to the President
Paradox of Unemployment

This session explains how wage growth accelerated as the unemployment rate increased during the pandemic and how the composition effect led to average hourly wages increasing.

 

Moderated Q&A with Joe Tracy
Moderator: Tamara Redic-Cottrell, Economic Education Outreach Advisor

 

Application in the Classroom
Tamara Redic-Cottrell

10:00 a.m.

Session 2: Real-Time Data and Real-Time Problems
Keith Phillips, Assistant Vice President and Senior Economist
Real-Time Data and Real-Time Problems

This session provides an overview of how the Dallas Fed used high-frequency data during the pandemic to develop two new data sources. The Texas Weekly Employment Estimate provides a timely indicator of job growth in Texas between official updates to the state’s employment data. The Mobility and Engagement Index summarizes the geolocation data collected from mobile devices to gain insight into the economic impact of the pandemic.

 

Moderated Q&A with Keith Phillips
Moderator: Morgan Ackley, Economic Education Advisor

 

Application in the Classroom
Morgan Ackley

11:00 a.m.

Session 3: Busted State Budgets, Critical Local Choices
Jason Saving, Senior Research Economist and Research and Studies Director
Busted State Budgets

This session explains the effects of COVID-19 on tax revenues, lessons learned from the Great Recession and the trends in the data that can help you better understand the current economic situation.
 

Moderated Q&A with Jason Saving
Moderator: Rodolfo Acosta Perez, Outreach Advisor

 

Application in the Classroom
Allison Clark
, Exhibit Specialist

11:55 a.m.

Lunch Break

12:40 p.m.

Session 4: Connections to the Classroom

Come together with colleagues from other schools to share your best lessons, resources, ideas or expertise. Educators selecting this session will need to prepare their materials to share. Educators will be assigned to small breakout rooms to share best practices.

 

Teacher Q&A
Allison Clark
Morgan Ackley
Tamara Redic-Cottrell

 

Breakout Room Workshops
Allison Clark
Morgan Ackley
Tamara Redic-Cottrell
Rodolfo Acosta Perez

2 p.m

Conclusion
Armida Riojas
, Director, Outreach

Day 1, Session 1

Day 1, Session 2

Day 1, Session 3

Day 2

June 24: Embracing Change

9:00 a.m.

Welcome and Introduction
Armida Riojas, Director, Outreach

9:05 a.m.

Session 1: Rise of Cryptocurrency: Central Banking and Supervision in the Age of Bitcoin
Ally Hoffman, Senior Risk Specialist
Rise of Cryptocurrency

This session will take a deep dive into cryptocurrency, blockchain technology, Bitcoin, stablecoins and central bank digital currencies.

 

Moderated Q&A with Ally Hoffman
Moderator: Seth Dunbar, Outreach Advisor

 

Application in the Classroom
Tamara Redic-Cottrell,
Economic Education Outreach Advisor

10:00 a.m.

Session 2: The Fed’s Strategy Change; Acknowledging a New Environment
Enrique Martínez-García, Senior Research Economist and Advisor
The Fed's Strategy Change

This session provides an overview of the new inflation-targeting policy developed by the Federal Reserve and how the traditional 2 percent inflation target language has changed.
 

Moderated Q&A with Enrique Martínez-García
Moderator: Morgan Ackley, Economic Education Advisor

 

Application in the Classroom
Morgan Ackley

11:00 a.m.

Session 3: Using Media and Pop Culture in the Classroom
Dirk Mateer, Distinguished Senior Lecturer, Department of Economics, the University of Texas
Using Media and Pop Culture in the Classroom

In this session, Mateer will share how he uses multimedia to engage students in his economics courses and the resources available on his website.
 

Moderated Q&A with Dirk Mateer
Moderator: Allison Clark, Exhibit Specialist

11:45 a.m.

Lunch Break

12:55 p.m.

Session 4: Connections to the Classroom

Come together with colleagues from other schools to share your best lessons, resources, ideas or expertise on the topics of economics, finance and/or college and career readiness standards. Educators selecting this session will need to prepare their materials to share. Educators will be assigned to small breakout rooms to share best practices.

 

Teacher Q&A
Allison Clark
Morgan Ackley
Tamara Redic-Cottrell

 

Breakout Room Workshops
Allison Clark
Morgan Ackley
Tamara Redic-Cottrell
Rodolfo Acosta Perez
, Outreach Analyst

2 p.m.

Conclusion
Armida Riojas

Day 2, Session 1

Day 2, Session 2

Day 2, Session 3


All presenters are from the Federal Reserve Bank of Dallas unless otherwise indicated.
For More Information

Please contact Cathryn McClellan at cathryn.mcclellan@dal.frb.org.

Economic Education