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The Pack contains associated resources for the learning experience, typically in the form of articles and videos. There is a teacher Pack (with only teacher information) and a student Pack (which contains only student information). As a teacher, you can toggle between both to see everything.
Here are the teacher pack items for Basics of Economics:
In this experience, students are introduced to the basics of economic sectors, economic development indicators, and types of economic systems. They compare and contrast three countries with different types of economies, noting various economic indicators. Finally, they analyze the results of their findings.Overview
You may have a pet—a cat, dog, gerbil, or goldfish. Even if you don’t, you can imagine it. How do you know if your cat, dog, gerbil, or goldfish is healthy and doing well? You can’t just ask it. You probably look at a number of things—is the pet eating, drinking, and sleeping? Does it move around in a way that seems comfortable? Does it stay pretty clean? These are various ways you might evaluate the health of a pet.
To evaluate the health of a country’s economy, you have to follow a similar process. You can’t just ask the country! For one thing, its leaders, and even its people, may overstate how well they’re doing. In this experience, you will learn about some of the elements of a country’s economy and how to see how well it is doing.
What comes to mind when you think about the word economics? In a word or short phrase, share an idea with your classmates. To list more than one, separate your words with a comma, like this: car, truck.
Discuss student responses. Students may use words or phrases such as money, stock market, income, poverty, industry, etc.
Post a question you have about economics, particularly how different countries measure their economic health.
As you move through the experience, be sure to note when one of the students’ questions is being answered. You may want to return to the questions at the end of the experience to see how many were answered. For those questions that were not answered, encourage students to do their own research to find definitions for terms.
