Economics for Kids

What’s Economics? How does it work, and why is it so important? In this series, we’re going to give you a crash course in Economics and make it easy to understand. Learn the basics of Economics and why it’s so important for our daily lives. This course covers standards taught in 2nd-6th grades. Watch the preview video below to learn more.
Watch Intro Video

What is Economics?

In this series, we’re going to give you a crash course in Economics and make it easy to understand. Learn the basics of Economics and why it’s so important for our daily lives.

  • You'll understand the difference between Micro and Macro Economics.

  • Learn the difference between goods and services, needs and wants, producers and consumers, and supply and demand..

  • Find out more about the four types of economies, and the four sectors of the economy.

  • Should I spend or should I save? Learn to weigh costs and benefits.

Meet Your Kid Instructors!

Join these siblings as they teach you about Economics. Videos made for kids, by kids! They inspire kids to explore, discover, and create while making learning fun and engaging!

Course curriculum

  • 1

    Lesson 1

    • What is Economics?

    • Can you define these terms?

  • 2

    Lesson 2

    • Microeconomics vs. Macroeconomics

    • Venn Diagram: Compare and Contrast Micro and Macro Economics. (Print prior to watching the video.)

  • 3

    Lesson 3

    • Types of Economies

    • Can you name the types of Economies and give an example?

  • 4

    Lesson 4

    • The 4 Sectors of the U.S. Economy

    • Name and give examples of the 4 Sectors of the U.S. Economy.

    • For Profit, Non-Profit, Local Businesses

  • 5

    Lesson 5

    • Goods and Services

    • Do you now the difference between goods and services? (Print prior to watching the video.)

  • 6

    Lesson 6

    • Needs and Wants

    • Demonstrate that you know the difference between needs and wants.

  • 7

    Lesson 7

    • Consumers and Producers

    • Name 5 producers in your community.

  • 8

    Lesson 8

    • Supply and Demand

    • Think of a time when supply and demand affected something you purchased. Write all about it!

  • 9

    Lesson 9

    • Saving and Spending

    • What would you do with $20? Would you save it, spend it, or both?

  • 10

    Lesson 10

    • Costs and Benefits

    • Choose an item you want to buy for $20, and write about the costs and benefits of buying that item.

  • 11

    Course Conclusion

    • Course Conclusion

    • Economics Word Search

  • 12

    The Course Challenge

    • Economics Course Challenge

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