ERIC Number: ED174545
Record Type: RIE
Publication Date: 1979-Apr
Reference Count: 0
Federal Reserve Bank of Boston, MA.; Tufts Univ., Medford, MA.
The booklet outlines and presents examples of basic economics concepts. Objectives are to help elementary and secondary teachers introduce economic concepts in the classroom and to help teachers grasp some of the fundamentals of economics. The document is divided into seven sections. Each section presents concepts, offers three supporting examples, one of which is child-oriented, and concludes with a restatement of the concept. Section I discusses scarcity and introduces topics such as the need to allocate resources, supply and demand, trade, and population movements. Section II explores natural resources, including exhaustible and renewable resources, conservation, and government regulation. Human resources are studied in Section III, which covers employment-related subjects, individual adaptation, and the need for education. Section IV surveys capital resources, defining capital and discussing topics such as representative goods, capital goods, capital formation, standard of living, and profits. Section V outlines forms of business organization, while Section VI investigates money and credit through examples elucidating the role and value of money, inflation and deflation, money supply, coin and currency, the Federal Reserve System, and banks. Section VII considers the government role in economics, including government goods and services, government regulation, lawmaking, taxation, and fiscal policy. (CK)
Descriptors: Business, Capital, Concept Teaching, Depleted Resources, Economic Climate, Economic Factors, Economics, Economics Education, Elementary Secondary Education, Employment, Financial Policy, Government Role, Human Capital, Human Resources, Labor Market, Money Management, Natural Resources, Teaching Guides
Publication Type: Guides - Classroom - Teacher
Education Level: N/A
Authoring Institution: Federal Reserve Bank of Boston, MA.; Tufts Univ., Medford, MA.
Note: Document prepared by the Economic Education Council; Photographs may not reproduce well