LADOE High School Civics | Unit 6: Economics and Personal Finance
4 items
How Economic Systems Work
Lesson - 5 Activities
Lesson
5 Activities
60 Min
As buyers purchase goods and services, they signal to the producers what ought to be made. If people want to wear pants with farm animal designs, they buy them. Producers have to be observant to anticipate demand. As they see that the stock of cow pants is flying off the shelves, they will create many more of them. Buyers and sellers are able to communicate effectively using just money.
60 Min
Prices and Value
Lesson - 5 Activities
Lesson
5 Activities
Prices are created through interactions between sellers and buyers. Supply (sellers) and demand (buyers) is the first, most recognized model in economics. Demand represents the various numbers of items that consumers are willing and able to purchase at a series of different prices at a particular point in time.
The Rise of Big Business
Lesson - 5 Activities
Lesson
5 Activities
90 Min
The late nineteenth and early twentieth centuries experienced the growth of a modern industrial economy characterized by factories and mass production, linked transportation networks, and large corporations in the United States. The growth was mostly fueled by the rise of big business which dominated most industries as effective organization and management created efficient businesses that utilized various competitive strategies to cut costs and undercut rivals. Although many industrialists engaged in philanthropy, the rise of big business raised many troubling questions including monopoly and the detrimental effects on competition in a capitalist economy, unfair and corrupt business practices and political influence, government regulation of business and the economy, the poor treatment of workers, and economic inequality. Big business and the questions it raised remained central to the discussion of the American economy and politics throughout the twentieth century and into the twenty-first century.
90 Min
Saving and Investing
Lesson - 3 Activities
Lesson
3 Activities
60 Min
If, as individuals, we spend more than we earn, we can go bankrupt. The same is true with nations. If a nation spends on government services more than it takes in from tax revenue, it runs a deficit, and must borrow at interest to get back to even.
60 Min