Here's a great classroom activity to get students applying their knowledge of macroeconomic indicators and monetary policy in their role as an external member of the Monetary Policy Committee.
The downloadable zip folder contains a PowerPoint file and Teacher Instructions for running the activity.
Students are presented with five pieces of randomly generated macroeconomic information (ranging from unemployment levels to trade barriers) and then need to use these to inform their recommendation for the setting of interest rates.
This is a great way to get students to apply their knowledge of macroeconomics and to practice assuming the role of a stakeholder when presenting their arguments.
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