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ERIC Number: ED117023
Record Type: Non-Journal
Publication Date: 1975
Pages: 71
Abstractor: N/A
Reference Count: N/A
The Market System: Does It Work?
O'Neill, James B.
Included in this student booklet are a variety of learning activities for secondary students which will aid their understanding of the United States economic system. Basic concepts are introduced which show how a market mechanism resolves the conflict between finite resources and infinite desires, how supply and demand interact, and how competition among commodities and available reserves, as well as among perspective purchasers, influence pricing. Students are exposed to these concepts on a personal level, helping them to answer the following kinds of questions: (1) What kind of car should I buy considering the energy crisis? (2) Should I go to college or to work after high school graduation? (3) What summer jobs are available? Following an introduction which defines and introduces the market system, activity chapters focus on consumerism, money problems, scarcity of natural resources, distribution of goods, supply and demand, getting enough gasoline, the case for rationing, motorcycles and public safety, and future fear. Although there is some variation, most lessons begin with a newspaper article on one of the former-mentioned economic topics. Then, lists of difficult terminology and a number of questions follow to help students comprehend what they read in the article. The teacher's guide is SO 008 865. (Author/JR)
Educational Services Bureau, Dow Jones and Company, Inc., P.O. Box 300, Princeton, New Jersey 08540 ($1.95 each, minimum order 10 copies)
Publication Type: Guides - General
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A