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DC Corner
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| | Important Notes from the Test Development Committee
Macroeconomics
The meaning of the term Capital Account in the balance of payments has changed. Most of what was formerly included in the Capital Account (direct investment and financial investment) is now included in the Financial Account. The new Capital Account is primarily a measure of debt forgiveness. Most new editions of textbooks reflect this change.
Current Issues in Monetary Policy—A Virtual Workshop
Monetary policy is a significant current events topic in economics classrooms. The impact of monetary policy actions on the economy is a subject that students are aware of from news sources. This growing awareness illustrates for students the relevance of understanding macroeconomics. As the monetary policy toolbox has expanded it provides instructors with a teachable moment. A discussion of the Federal Reserve's response to the current economic situation can be pursued within a basic framework of the economic impact of monetary policy actions.
In recognition of this teachable moment, College Board will present an on-line workshop in the spring. The main presenter for the workshop will be Dr. Margaret Ray, currently a professor at the University of Mary Washington and previously an economist at the Federal Reserve Bank at Richmond. She will be assisted by Sally Meek, a high school teacher from Texas. This workshop will focus on contemporary monetary policy in practice. It will also include an analysis of recent free response questions on monetary policy. Additionally, the workshop will provide instructors with an instructional strategy for a classroom activity.
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