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Ch 28: Elementary Social Studies: Economics

About This Chapter

If you're in the process of preparing for an upcoming elementary teacher certification exam, check out this chapter on economics instruction concepts and methods. The chapter offers engaging lessons and self-assessments that can be reviewed whenever you have free time to study.

Elementary Social Studies: Economics - Chapter Summary

This chapter provides a high-level overview of economics topics for elementary social studies education. The chapter covers economic and government concepts that are taught at the elementary level, and as you work through these simple and expertly taught lessons, you'll review effective economics instruction strategies and classroom activities. By the end of the chapter, you should be able to:

  • Use a variety of strategies and activities to teach kids about government and economics
  • Assess the government's role in a market economy
  • Determine how different U.S. regions are impacted by the country's market economy
  • Describe the circular flow of economic activity
  • Understand how market equilibrium is affected by changes in supply and demand
  • Evaluate examples of economic trade-offs
  • Define the global marketplace
  • Summarize the timeline of America's industrialization era

Each video lesson comes with a printable transcript, as well as a short quiz to help you retain key concepts. The chapter is entirely self-paced, and you can access it at any time using your computer or mobile device. We've also included an Ask the Expert feature that you can use if you have any questions about these instructional techniques and approaches.

8 Lessons in Chapter 28: Elementary Social Studies: Economics
Test your knowledge with a 30-question chapter practice test
Teaching Kids Government & Economics: Strategies & Activities

1. Teaching Kids Government & Economics: Strategies & Activities

The ideas and concepts behind government and economics can be made accessible even to young learners. This lesson will detail some strategies and activities you can use to introduce these concepts to your students.

The Role of Government in a Market Economy

2. The Role of Government in a Market Economy

In this lesson, you'll examine the role of government in a market economy. You'll learn what kinds of activities may require government interaction, such as those related to consumer and property rights.

The United States' Market Economy Impact on Its Regions

3. The United States' Market Economy Impact on Its Regions

After watching this video, you will be able to explain what a market economy is, how the US economy works, and describe some of the regional economies of the US. A short quiz will follow.

Circular Flow of Economic Activity: The Flow of Goods, Services & Resources

4. Circular Flow of Economic Activity: The Flow of Goods, Services & Resources

Learn about the simple model used to describe where money goes and what it is exchanged for in a market economy. The circular flow model of economic activity shows you the basic relationships between households, firms and the government.

How Changes in Supply and Demand Affect Market Equilibrium

5. How Changes in Supply and Demand Affect Market Equilibrium

Learn how the equilibrium of a market changes when supply and demand curves increase and decrease and how different shifts in the curves can affect price.

Trade-Offs in Economics: Definition & Examples

6. Trade-Offs in Economics: Definition & Examples

Learn about trade-offs in economics and why they are important to understand when making good decisions about your time, money and energy. Read about some trade-offs that you make every day, whether you realize it or not.

The Global Marketplace: Definition & Overview

7. The Global Marketplace: Definition & Overview

We have been on the fast track to a global market, but are we there yet? In this lesson, we will define global market and discuss some of its key concepts. A short quiz follows the lesson.

American Industrialization Timeline

8. American Industrialization Timeline

In this lesson, we'll look a look at the industrialization process in the United States. We'll start by examining the major inventions, then put it all together on a timeline.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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Other Chapters

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