ERIC Number: ED180871
Record Type: RIE
Publication Date: 1978
Reference Count: 0
A Guide to Trade-offs.
Meszaros, Bonnie; Saunders, Phillip
The guide is designed to accompany fifteen 20-minute economic education film/television programs for ages nine to 13. The emphasis is on economic decision making and problem solving. A statement of key concepts, suggestions for introducing the program, a summary, questions to help students resolve the problem posed at the end of the program, and class activities are included. Lessons one through four examine the concept of scarcity. A five-step model helps students develop skills in analyzing problems and making decisions in personal and social situations. Lessons five through eight focus on increasing productivity as a way of eliminating scarcity. Specialization and division of labor, investing in capital goods, and improving education and training of workers are discussed. Activities include creating a greeting card assembly line and simulating an investment decision. Lesson nine deals with how voluntary exchange and the use of money can facilitate the allocation of limited resources. Activities include a barter game and creating stories about money and exchange. Lessons 10 through 13 are concerned with market prices and how they help in deciding the use of limited resources. Students analyze graphs illustrating the market demand for hot dogs and yoyos and plot supply graphs for the same products. Lessons 14 and 15 discuss solving two problems which occur in an unregulated, free economic system: reducing indirect costs and increasing indirect benefits. Information on films or videocassettes is provided by Agency for Instructional Television, Box A, Bloomington, Indiana, 47401. (KC)
Descriptors: Capitalism, Citizenship, Class Activities, Consumer Education, Decision Making, Economics Education, Elementary Secondary Education, Labor Market, Natural Resources, Problem Solving, Productivity, Social Studies, Teaching Guides
Agency for Instructional Television, P.O. Box A, Bloomington, IN 47401 ($1.25, quantity discounts available)
Publication Type: Guides - Classroom - Teacher
Education Level: N/A
Authoring Institution: Agency for Instructional Television, Bloomington, IN.
Note: Photographs may not reproduce clearly