The Economy — Lesson 120

The Global Economy

Students break into groups of four, and play a game in which they make trades to obtain items needed to complete a particular recipe.

What Students Learn

1. How do we get the products we need?

  • Importing products to make the economy work

2. How do other countries get what they need?

  • Exporting our products to other countries

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Activity 1: 30 minutes
Middle School Lesson Plan

BK Hosts: Global Marketplace

Clips for this Lesson

Woman at the tree shop
Young Entrepreneurs: 10,000 Villages
BK Hosts: Global Marketplace
Two coleagues are working at office
Sketch: Global Goods

Lessons in The Economy

Copule are talking to each other
Lesson

The Value of Money

What Students Learn

  • Considering all the global currencies, what determines the value of money? What are the factors that impact the American Dollar?
Portrait of a woman face
Lesson

Money Moves

What Students Learn

  • Follow a dollar bill as it moves from a depositor’s hand, to the bank vault, over to the Federal Reserve, and finally out to a project the bank is financing.
Lesson

The Global Economy

What Students Learn

  • Go around the world and follow the flow of imports and exports that make up the interconnected world economy.
Woman talking something
Lesson

Economic Cycles

What Students Learn

  • Economic cycles go up and down. Learn how to protect yourself against negative effects and plan for the positive trends.
Macro Monster Movie clip with a roaring monster
Lesson

The Economics of Economics

What Students Learn

  • See how businesses use economic principles to make financial decisions, from micro to macro economics, supply and demand, and economic indicators.