The School Outreach Initiative is available for online presentations starting in fall 2020. The School Outreach Initiative will offer accessible and informative 45-minute webinars from New York Fed staff on topics such as the role and history of the Federal Reserve System, monetary policy, and college financing. It is designed to reach students in schools in the Federal Reserve's Second District that may benefit from resources to teach economic literacy, including Title I high schools and community colleges. The program aims to advance understanding of the roles and responsibilities of the Federal Reserve and help increase diversity in the fields of economics and finance. Presentations are free and can be scheduled Monday through Friday during the school year. Schools in the Federal Reserve's Second District are eligible. Interested professors and teachers should request a virtual visit.
Please note that this program is first-come, first-served on an on-going basis throughout the year. Presentations are not guaranteed, and are subject to availability.
The School Outreach Initiative gives students an opportunity to learn directly from New York Fed staff virtually. SOI program sessions encourage active dialogue between students and New York Fed employees, and help develop students' analytical and critical thinking. The program also serves to complement a school's social studies, civics, history, economics and/or business curriculum.
During each virtual visit, New York Fed staff present one of the following lessons:
Introduction to the Federal Reserve System
This 45-minute presentation details the structure of the Federal Reserve as a decentralized, central bank and its policy responsibilities. Topics covered include:
- What is the Federal Reserve System?
- What is the structure of the Federal Reserve System?
- What is the Federal Reserve's role in the economy?
Introduction to Monetary Policy
This 45-60-minute presentation explains how the economy's health is measured and the Fed's role in supporting its health, using analogies to explain everyday ideas and concepts. Topics covered include:
- Key indicators used to study the economy, such as GDP, inflation and unemployment
- How the Fed uses the federal funds rate to influence interest rates in the economy
- Expansionary v. contractionary monetary policy
This 45 minute presentation teaches a framework to help students effectively finance college by breaking down college costs, student loan repayment plans, and how to budget income and student loan debt payments. Topics covered include:
- College data, such as enrollment, tuition and other expenses
- Student loan repayment plans
- Case studies demonstrating student budgeting skills