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!
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
-
Printable Course Challenge
-