1. What Do They Really Need to Know?
Teaching Economics
What Do They Really Need to Know?

2. Teach About Scarcity (goods & services)
Resources (natural, human and capital)
Costs and Benefits (saving & spending)

3. Goods & Services Tangible things --Goods Intangible things --Services
Shelter, food, clothing, cars, book, games
Intangible things --Services
Entertainment, police protection, medical care, education, leisure time
Making choices-- consumer

4. Natural, Human & Capital
Make the goods and services---producers
3 types of resources
Natural– nature & land
Human –jobs people perform to meet the needs (dentists, barbers, policemen, farmers..etc..)
Capital – goods made for others to use to make goods…such as tractors for farmers, trains and trucks that haul the goods, machines in factories..etc..

5. Cost & Benefits How much does it cost?
What benefit will I get by buying it?
Use practical day to day experiences
Teach about money..banks—saving & spending; advertisement’s effect on spending

6. Advertising Exposure to products Main sources TV Radio Internet
Activities should focus on ways to avoid falling into the “Buy ME ..You have to Have Me”
(propaganda)

7. Money Banks, Earning Saving Spending
Activities should focus on personal finance..

8. Instructional Tools Literature Skits/Plays Simulations “Video” Games
Alexander, Who Use to Be Rich Last Sunday”
Skits/Plays
Simulations
“Decisions, Decisions”
“Video” Games
Sim City
Lemonade Stand
Zoo Tycoon

9. Resources http://ecedweb.unomaha.edu/home.htm