By Mark H. Maier, Julie Nelson
Make economics resonate to highschool scholars. This sensible instruction manual can assist economics and social reports lecturers foster severe pondering by way of introducing scholars to the real-life dimensions of the main controversies in modern economics. full of helpful educating suggestions and straightforward info on discovering attractive fabrics and actions for the school room, the booklet additionally contains specific assurance of the Voluntary nationwide content material criteria for economics. "Introducing Economics" is a one-stop source for prime college academics who have the desire to make economics proper to their scholars' lives. It comprises greater than 50 sections with lists of prompt "Activities and Resources," many with net hyperlinks. It gains boxed "Hints for transparent educating" counsel for offering rather tricky subject matters. It offers an annotated source advisor to greater than 30 agencies fascinated with economics schooling, with linked web hyperlinks. It follows the circulate of themes in a regular economics path. It addresses real-life issues which are overlooked or glossed-over in conventional textbooks - economics and the surroundings, the distribution of source of revenue and wealth, discrimination, exertions unions, globalization, the ability of businesses, and extra. It deals serious counsel for assembly all 20 Voluntary nationwide content material criteria in economics, and in addition presents an summary of the political and highbrow background and modern nation of economics schooling.
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Example text
Materials that draw on this school tend to portray macroeconomic problems as arising from the existence of “imperfections” in—presumably, otherwise smoothly working—markets. The implication is that government action would be unnecessary if markets worked better. Few available curriculum materials teach another variety of Keynesianism, called Post-Keynesian economics. Post-Keynesians build on John Maynard Keynes’s original, but often overlooked, claim that capitalist economies are inherently unstable.
41 clean, or care for younger children. What could be done to help children get schooling in such a situation? ) More interesting than individual trade-offs are societal decisions about what to have—and what to give up. Your textbook may include a production possibilities curve showing the societal trade-off between “guns” and “butter”—a graph that might be more understandable to those of us who remember President Johnson’s 1960s promise to provide both guns (for the war in Vietnam) and butter (for social programs).
Economists use scarcity to refer to the situation in which resources are insufficient to meet all possible wants, a situation they assume exists everywhere and at all times. Economists use the term shortage, in contrast, to refer to a particular situation that might occur, in which people are not able to buy as much of some particular good as they would like, given their income and the going price. ) Students often confuse either or both of these with a situation of inadequacy, in which people do not get enough of something (such as food or health care) to meet their basic needs, usually because their incomes are too low.