Mikeroeconomics: Debt Primer: "When the economy slid into a recession, Juan, a factory worker was laid off from his job. The government lost Juan’s payroll and income tax..."
About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
The Atlanta Fed has an excellent lesson plan here.
The plan uses an auction and a fixed market basket of goods. Students are given play money to buy the goods. Then the money supply is increased. The teacher calculates the inflation rate using a price index. On this site, you will also find an outstanding lesson "Benjamin Franklin and the Birth of a Paper Money Economy."
If you are looking for resources that will help you teach macroeconomics, this site will help you prepare our students for the future.
About the Author: Mike Fladien is a high school Economics and Law teacher in Muscatine, Iowa. He has been called the EconHacker because he has a talent for explaining Economics concepts in a simple language that anyone can understand.