of the Economics Package
Economics follows a day in the life of Kyle Cashaway (K.C.)
as he discovers how his life is impacted by economics.
Video 1: K.C.
is your average teenager who wakes up one morning
to discover that everybody wants
the same video
game. There aren’t enough of them, so the price
goes up and this causes K.C. some problems.
2: In his effort to make enough money to buy his
video game, K.C. becomes part of the Junior Commerce
Company and creates a product to sell.
Video 3: K.C. learns about some rules that govern the making
and selling of the product made by the
Company and that there are laws and guidelines
that govern all industries.
Video 4: K.C. learns
that his company operates like major companies around
the world. The productive resources,
the resources available and other factors affect
his ability to produce his product.
Video 5: In class, K.C. finds out that economics must be placed
in a historical context, so
the early beginnings
of our nation and its economic history are
There are three distinct parts of the teacher guide:
are resource materials that can be used by the teacher
if more information is needed on a topic. They
be distributed to the students to increase their breadth
Next are introductory activities that
include The International Trade Game, which simulates
many economic concepts.
Following the activities are lesson
plans for each of the video segments.
Video 1 includes
lesson plans on supply and demand, competition
and an introduction to interdependence.
Video 2 looks
at productive resources, scarcity,
producers and consumers and fundamental
Video 3 contains lessons on the
availability of resources, imports and exports, trade
Video 4 covers government regulations,
tariffs and globalization.
Video 5 compares a franchise to mercantilism, looks at Triangular
Trade and examines
the effect of
economics on the Articles of Confederation.
Resource pages and lesson plans for the teacher guide
are available at www.WesternReservePublicMedia.org/economics. Student
worksheets and video on demand are also available.