October 24, 2008

The Powell Center and Richmond Fed Partner on Economic Literacy

Richmond, VA

The Powell Center for Economic Literacy and the Federal Reserve Bank of Richmond, as part of their ongoing efforts to promote economic literacy, will co-sponsor the 7th biennial Advanced Placement Economics Teachers Conference. The purpose of the three-day event is to improve strategies used to teach economics to advanced placement students, and to help teachers enhance students' aptitude for understanding economics at work in society.

"The Powell Center shares our goal to promote economic literacy," said Melanie Rose, manager of the Richmond Fed's economic education division. "This aligns with our steadfast commitment to educate the public in order that they can make informed decisions and contribute to a strong and prosperous economy."

The conference begins with a 6 p.m. reception and dinner at the Jefferson Hotel on Nov. 2. The keynote address will be given by Dr. Marvin Goodfriend, economics professor and chairman of the Gailliot Center for Public Policy at Carnegie Mellon University, Pittsburgh, Pa. Goodfriend was formerly a senior vice president and policy advisor, as well as director of research for the Richmond Fed. Goodfriend's address at 7:35 p.m. will be open to the media. Media please RSVP in advance.

Conference topics also include the use of technology to instruct today's techno-savvy students, and a special focus on macroeconomic and microeconomic topics that traditionally challenge students. This portion is closed to the media to allow for open dialogue between the speakers and participants.

"Teachers strive to connect the dots between theory and reality everyday," said Executive Director of the Powell Center Jennifer Cornell. "The conference will provide teachers with examples and tools to effectively prepare their students for the Advanced Placement Economics exams, but, more importantly, for their role as active, productive global citizens."

For a complete list of the conference speakers, see the Powell Center's Web site. Speaker's presentations will be available here following the conference.

See the Fed's economic education and financial literacy programs for more information.

The Powell Center is a leader in providing classroom-ready tools and materials for K-12 economic and financial education. Located at the Collegiate School in Richmond, the Powell Center develops training, seminars and conferences for K-12 teachers to promote economic literacy in their classrooms.

The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.


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