Economics
Economics is the social science concerned with the production, distribution, exchange, and consumption of goods and services in the context of human society. Modern economics focuses on how individuals, groups, business enterprises, and government institutions interact and participate in economic activities. Two major sub-fields of economics are microeconomics and macroeconomics. Microeconomics deals with the interplay of supply and demand in competitive markets, and economic behavior of individuals and firms. Macroeconomics on the other hand deals with national income, employment, monetary and fiscal policies.
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Online Videos & Lessons: (Reviewed by K-12 teachers) Basic Economics Lesson 1 - Humans Act Grade: 8 - 12 The economics lesson discusses the foundation of economics - human actions and production. 6:55 |
Basic Economics Lesson 2 - Exchange and Prices Grade: 8 - 12 The lesson traces the logic of human action to the formation of prices. 9:15 |
Basic Economics Lesson 3 - Prices and Production Grade: 8 - 12 The lesson describes how the profit and loss system guides entrepreneurs to produce products that are most desirable using factors that are least desirable. 9:55 |
Basic Economics Lesson 4 - Time Preference, Interest Grade: 8 - 12 Learn where interest rates come from and also how they act to coordinate economic activity. 10:25 |
Basic Economics Lesson 5 - On Money Grade: 8 - 12 Find out how money comes into use, what makes good money, and where the value of money comes from. 9:15 |
Keynesian Economics Grade: 8 - 12 A brief overview and explanation of Keynesian Economics. 8:50 |
Why Debt Matters Grade: 8 - 12 The video describes the current debt situation of the US. 9:15 |
National Debt and Budget Deficit Explained Grade: 8 - 12 Learn about the debt to GDP ratio of other nations using the CIA Factbook. 7:20 |
Federal Reserve System - part 1/2 Grade: 8 - 12 A presentation on the US Federal Reserve System, the central banking system of the United States. 9:55 |
Federal Reserve System - part 2/2 Grade: 8 - 12 8:55 |
Inflation Explained - part 1/4 Grade: 8 - 12 The lesson explains what inflation is, what causes it, the main theories of inflation and terms associated with inflation. 10:10 |
Inflation Explained - part 2/4 Grade: 8 - 12 10:00 |
Inflation Explained - part 3/4 Grade: 8 - 12 8:10 |
Inflation Explained - part 4/4 Grade: 8 - 12 4:00 |
Economic Terms Grade: 8 - 12 Learn the vocabulary related to economics and the economy. 6:50 |
Bankruptcy Vocabulary Grade: 8 - 12 The lesson focuses on the two most common types of bankruptcy in U.S. law : Chapter 11 & Chapter 7. 10:15 |
Accounting Vocabulary Grade: 8 - 12 The lesson introduces English vocabulary related to finance, accounting and accountants. 9:55 |
Finance & Accounting Vocabulary Grade: 8 - 12 The lesson introduces English vocabulary related to finance and accounting. 10:10 |
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