ERIC Number: ED164412
Record Type: RIE
Publication Date: 1978
Reference Count: 0
Economic Concepts for Nebraska's Junior High School Students.
This booklet identifies 14 basic economic concepts that have been selected for emphasis in junior high social studies classes in Nebraska. The booklet is accompanied by a series of related instructional units (see SO 011 416). In this booklet, the concepts are listed in a sequence from the simplest to the most complex, with concepts one through ten being most basic ones. The first five are concerned with economic wants, productive resources (natural, capital, and human), scarcity and choice, opportunity costs and tradeoff, and economic incentives such as self interest, profit, and wants. Concept six considers specialization, comparative advantage, and the division of labor. Discussions of interdependence, markets, supply and demand, the price mechanism, and productivity complete the presentation of the basic concepts. The more difficult concepts, 11-14, are designed for advanced junior high school students or with those who express a special interest in economics. These concepts are unemployment and inflation, money and monetary policy, fiscal policy, and saving and investment. All 14 concepts should be taught in order; they may be used throughout an entire social studies program or taught in a self-contained one semester course. A list of resource materials is included. (KC)
Descriptors: Capitalism, Concept Teaching, Conceptual Schemes, Consumer Education, Curriculum Development, Economic Development, Economic Factors, Economics Education, Exports, Financial Policy, Human Resources, Inflation (Economics), Junior High School Students, Labor Economics, Monetary Systems, Natural Resources, Productivity, Secondary Education, Sequential Approach, Social Studies, Unemployment
Publication Type: Guides - General
Education Level: N/A
Authoring Institution: Nebraska State Dept. of Education, Lincoln.
Note: For a related document, see SO 011 416