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Social Studies


Economics: The Production, Distribution, and Consumption of Goods and Services
Economic concepts
Grade Levels:
4-6
Length:
20 minutes
Taping Rights:
School year
MARC Record:
Downloadable
Teaching Materials:
See Below

Understanding economic concepts and principles has become increasingly important as young people prepare for negotiating through life. This five-program series introduces the basic concepts of economics and lays a strong foundation for making wise choices in our increasingly economics-driven future.


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2007/08 Block Feeds on KET ED

Block Feed: Programs 101-105 Program Details
1 hours, 30 minutes
    Thursday, August 23 at 2:00 pm on KETED
    Wednesday, November 14 at 10:00 am on KETED
    Wednesday, January 2 at 6:30 pm on KETED
    Thursday, January 24 at 2:00 pm on KETED
    Monday, January 28 at 4:30 am on KETED
    Wednesday, April 16 at 10:00 am on KETED


Episodes Included in These Block Feeds

101. Resources
Use of resources is fundamental in all economic activities. This program defines and illustrates the three basic kinds of resources: natural resources, labor, and capital. 16 minutes.

102. Producing
Producing is the process of turning resources into goods and services. In this program, students learn the differences between consumer and industrial goods and services. 19 minutes.

103. Needs and Wants
Economics is driven by satisfying people's needs and wants. This program defines the three basic needs—food and water, shelter, and clothing—and shows that satisfying those needs is a difficult problem and is not the same for all people at all times. 15 minutes.

104. Consuming
People consume when they satisfy their needs and wants by choosing goods and services. This program defines the three categories of consumption—durable goods, non-durable goods, and services—and explains the role of "opportunity cost" in the choices consumers make. It also traces the growth of consumerism throughout the U.S. in the last part of the 20th century. 15 minutes.

105. Money
Money is the cornerstone of modern economic activity. This program defines the five properties of money: a unit of exchange, a store of value, easily divisible, high value for weight, and hard to counterfeit. It also traces the evolution of money through history and presents the concepts of savings, checking accounts, and credit cards. 15 minutes.

Teaching Materials

TEACHER'S GUIDE
Kentucky schools may order from KET.
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Kentucky Academic Expectations

This program relates to the following Kentucky Academic Expectations.

Kentucky schools may tape and retain programs according to the rights listed above. For further information, contact the KET Education Division.

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Last Updated: Friday, 30-Nov-2007 12:14:05 EST