||"The Federal Reserve is
a complex organization, and many Americans understand
very little about how it carries out its duties and
impacts their lives, let alone how it is evolving in
the changing environment. Yet, this understanding can
contribute significantly to public well-being and to
the Federal Reserve’s policy goals as well. The
Federal Reserve has been long committed to enhancing
public understanding of its activities, the economy,
and the financial system through a variety of outreach
programs and educational materials."
- Janet Yellen, President, Federal
Reserve Bank of San Francisco.
What is the importance of developing
This issue of Econ Ed and the Fed focuses on a popular Dr.
Econ 1 question: "What
is the importance of developing job skills?” The
Dr.’s response to this question discusses the link between
education and income along with citing ways in which to remain
competitive in a dynamic job market.
This issue’s activities will introduce students to the
following economic concepts: choice, personal finance, and
labor markets. (View
the state standards that align to these concepts).
Econ is an online question and answer website designed
to answer high school and college student’s economic
Econ Ed and the Fed is a publication of the Federal
Reserve Bank of San Francisco. Reaching approximately
10,000 educators throughout the western U.S., it’s
provided as part of the Fed’s
commitment to economic and financial education.
Views expressed are not necessarily those of the Federal
Reserve Bank of San Francisco or the Federal Reserve
System. Articles may be reprinted or reproduced if
the source is credited. Please send a copy of the reprinted
materials to the editor.
Andrea Davis, Editor
Contributors to this issue: Gary
Zimmerman, Economist, Yelena Takhtamanova, Economist,
Renee Courtois, Research Analyst, Jody Hoff, Economic
Education and Public Programs Manager, and Darcy Horak,
Economic Education and Public Programs Specialist.
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