The Economy — Lesson 505

The Economics of Economics

How do economic principles influence your daily life? Learn about everything from macro to micro economics, supply and demand, and other economic indicators. Discover how individuals, business leaders, and even the leaders of countries use economic principles to make decisions. It’s all economics!

What Students Learn

  • Identify different economic concepts.
  • Distinguish between macro and micro economics.
  • Become aware of the laws of supply and demand.
  • Take responsibility for personal financial decisions.

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Each Activity: 45-60 minutes
Middle School Lesson Plan High School Lesson Plan

Young Entrepreneurs: Compartes Chocolatier

Clips for this Lesson

Macro Monster Movie clip with a roaring monster
Vintage BK: Micro vs. Macro Monster Movie
Two men with microphones are hosting a show
Sketch: Xtreme Money Games
Closeup view of two brown rabbits in a cage
Young Entrepreneur: Hoppy Days
Young Entrepreneurs: Compartes Chocolatier
two boys sitting near a Macro Economics screen
BK Hosts: The Economics of Economics

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.
Woman at the tree shop
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.
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.