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Econ and Me
This
series extends high-quality economic education to seven- to ten-year-olds.
Even teachers who have never studied economics can introduce basic
economic concepts in a way that will correct children’s misunderstandings
and help them learn to make thoughtful choices. The student programs
revolve around four children and their invisible friend, Econ, and
apply economic principles to individuals, families, and communities. The
two thirty minute programs for teachers demonstrate teaching strategies
and effective ways to use the student programs. The comprehensive
teacher's guide includes activities and student handouts to reinforce
basic skills. A matrix correlates the activities with specific language
arts and mathematics skills. Episode Descriptions1
Scarcity
—
To satisfy their wants, people use resources including human resources,
natural resources, and capital goods. Scarcity occurs when people
cannot have everything they want. 2 Opportunity Cost — Opportunity costs is the single most valuable opportunity given up when a choice is made. People make choices that incur opportunity costs because resources are scarce.
4
Production
— Producers
combine resources to make goods and services. and must make choices
when they decide what goods or services to produce or what resources
to use and in what combination. 5 Interdependence — We are members of many interdependent communities: family, school, city, world . Interdependence means that people’s welfare is partly dependent on the behavior of others. |
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