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What is Economics?
In this series, we’re going to give you a crash course in Economics and make it easy to understand. Learn the basics of Economics and why it’s so important for our daily lives.
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You'll understand the difference between Micro and Macro Economics.
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Learn the difference between goods and services, needs and wants, producers, and consumers, and supply and demand.
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Find out more about the four types of economies, and the four sectors of the economy.
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Should I spend or should I save? Learn to weigh costs and benefits.
Course curriculum
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What is Economics?
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Can you define these terms?
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Microeconomics vs. Macroeconomics
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Venn Diagram: Compare and Contrast Micro and Macro Economics. (Print prior to watching the video.)
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Types of Economies
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Can you name the types of Economies and give an example?
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The 4 Sectors of the U.S. Economy
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Name and give examples of the 4 Sectors of the U.S. Economy.
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For Profit, Non-Profit, Local Businesses
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Goods and Services
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Do you now the difference between goods and services? (Print prior to watching the video.)
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Needs and Wants
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Demonstrate that you know the difference between needs and wants.
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About this course
- 25 lessons