teaching economics what do they really need to know?
TRANSCRIPT
Teaching Economics
What Do They Really Need to Know?
Teach About
Scarcity (goods & services)Resources (natural, human and capital)Costs and Benefits (saving & spending)
Goods & Services
Tangible things --Goods Shelter, food, clothing, cars, book,
games
Intangible things --Services Entertainment, police protection,
medical care, education, leisure time
Making choices-- consumer
Natural, Human & Capital
Make the goods and services---producers3 types of resources
Natural– nature & landHuman –jobs people perform to meet the needs (dentists, barbers, policemen, farmers..etc..)Capital – goods made for others to use to make goods…such as tractors for farmers, trains and trucks that haul the goods, machines in factories..etc..
Cost & Benefits
How much does it cost?What benefit will I get by buying it? Use practical day to day experiences Teach about money..banks—saving &
spending; advertisement’s effect on spending
Advertising
Exposure to products Main sources
TVRadioInternet
Activities should focus on ways to avoid falling into the “Buy ME ..You have to Have Me”
(propaganda)
Money
Banks, Earning Saving Spending
Activities should focus on personal finance..
Instructional ToolsLiterature Alexander, Who Use to Be Rich Last
Sunday”
Skits/PlaysSimulations “Decisions, Decisions”
“Video” GamesSim CityLemonade StandZoo Tycoon
Resourceshttp://ecedweb.unomaha.edu/home.htmhttp://tqjunior.thinkquest.org/3901http://www.practicalmoneyskills.com/foreducators/http://www.kidsbank.com/index_2.asphttp://www.coolmath-games.com/lemonade/index.htmlhttp://www.socialstudiesforkids.com/subjects/economicsgames.htmhttp://www.kidsturncentral.com/links/moneylinks.htmhttp://www2.scholastic.com/browse/collection.jsp?id=455