Showing posts with label Economics Lessons. Show all posts
Showing posts with label Economics Lessons. Show all posts

Tuesday, September 2, 2014

What Gives a Dollar Its Value? - Lessons on Currency

What Gives a Dollar Bill Its Value? is a nice TED-Ed lesson on the influence of the United States Federal Reserve banks on the value of currency. The lesson includes a short piece about the correlation between inflation and the overall health of the U.S. economy. The lesson is probably best suited to high school students who already have a basic understanding of how the value of currency is determined.


What Is Money? from The Atlantic's series on economics is a good complementary video to What Gives a Dollar Bill Its Value? What Is Money? uses the fun scenario of trying to deposit a banana into a bank to explain the basic purpose and function of money. The video is embedded below.

Monday, December 2, 2013

Economics Lessons for Students of All Ages

A couple of weeks ago David Andrade posted a short list of financial literacy resources for students. Money As You Grow is one of the items on the list that is new to me. Money As You Grow was developed by the President's Advisory Council on Financial Capability.

Money As You Grow features lesson activities for students from pre-K through college. The interactive site outlines financial literacy milestones for each age group. Click on an age group and milestone to see a short list of activities that you can do with students to help them reach a new financial literacy milestone.

Money As You Grow offers free posters about the milestones and activities shared on the website. The posters are available in a variety of sizes for you to download and print.

Applications for Education
It is never too early to start teaching students about the responsible use of money. What I like about Money As You Grow is that many of the suggested activities are things that parents can do with their children during the course of a normal day of running errands. I also like the suggested credit card activity for teens. In the credit card activity for teens they are asked to use the Federal Reserve's website to see how long it would take to repay $1,000 credit card balance if they only make minimum payments on time every month.

Monday, September 2, 2013

Credit Card Responsibility & Debt - Share This With Your College Students

One of the first challenges that new college students encounter is the temptation to register for credit cards offered to students. Unfortunately, a lot of students don't understand just how quickly they can rack-up huge debts with these credit cards. Education can be the best prevention when it comes to debt. The following videos are worth sharing with new college students.

Credit Card Responsibility from Common Craft explains how credit cards work and how you can avoid getting into trouble with them.


Credit Card Debt Explained With a Glass of Water shows students how long it can take to pay off a credit card debt if they only make the minimum payments every month.

Saturday, August 31, 2013

What Is Money? - A Short Economics Lesson

The Atlantic's new series Economics In Plain English is a good resource for social studies teachers to bookmark and share with their students. One of the new additions to the series is What Is Money? What Is Money? uses the fun scenario of trying to deposit a banana into a bank to explain the basic purpose and function of money. The video is embedded below.




Monday, June 3, 2013

Why Retail Businesses Open Next to Their Competitors

Have you ever wondered why coffee shops, car dealers, and fast food restaurants tend to be clustered together? Sometimes it is due to local zoning ordinances, but there are other reasons why retail businesses tend to be clustered together. The TED-Ed lesson Why do competitors open their stores next to one another? students learn why retail stores are found next to each other.