Family and Community Support
Economics
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Quarter 4:
AprilJune
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Parent
Websites:
Economics Social Studies Topics
Explain how a government decides what it will spend its money on
Understand the government gets its money through revenue
Define revenue as tax
Define budget as spending
Understand the government does run a budget deficit when it spends more than it takes in as
revenue
Understand the distinction between three types of taxes: regressive, progressive and
proportional
Be able to explain how the Federal Reserve System controls monetary supply and has a
number of “levers” which it can use to influence the growth rate of the economy – namely by
setting interest rates
Understand the comparative advantage in trade means that countries should trade out items
that they can produce most efficiently and trade in items that they cannot efficiently produce
Trade barriers like tariffs ultimately slow down economic trade and thus growth
Economics for Beginners – About.com
http://economics.about.com/od/whatiseconomics/u/economic_basics.htm
Family Education.com – Money and Personal Finance
http://life.familyeducation.com/money-and-kids/personal-finance/34481.html
Entrepreneurship and the U.S. Economy
http://www.bls.gov/bdm/entrepreneurship/entrepreneurship.htm
Useful Economic Tools and Concepts – Tufts University – More in-depth examples of economics ideas
with diagrams and applications
http://www.ase.tufts.edu/gdae/education_materials/modules/Useful_Macroeconomic_Tools_and_C
oncepts.pdf
D
Hippocampus.org – Economics -- Khan Academy/Dallas Learning Solutions
http://www.digitalhistory.uh.edu/
Federal Reserve Education site
http://www.federalreserveeducation.org/
The Social Studies Help Center (See “Economics”)
http://www.socialstudieshelp.com/sitemap2.html
Teenagers and Reading – Reading is Fundamental.org
http://www.rif.org/us/literacy-resources/articles/teenagers-and-reading.htm
51 Key Economic Concepts
Indianapolis Public Schools
Curriculum and Instruction
Family and Community Support
Economics
http://www.econlib.org/library/Topics/HighSchool/KeyConcepts.html
Student
Websites:
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BizKids – Teachers economics concepts through dramatized skits
http://bizkids.com/teachers
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The Banking Kids Page
http://www.bankingkids.com/
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U.S. Mint – Cool website about money and how it is made
http://www.usmint.gov/kids/
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Economics for Kids – List of student-friendly economic sites
http://www.kathimitchell.com/econ.htm
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4 2 Explore – Economics Basic
http://www.42explore2.com/econ.htm
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Social Studies for Kids – Economics Basics
http://www.socialstudiesforkids.com/subjects/economicsbasic.htm
Indianapolis Public Schools
Curriculum and Instruction