Exploros | United States: Economy

United States: Economy

Students are introduced to the idea that the same product has different value in different economic systems around the world. Then the student learns about the U.S. Federal Reserve System as well as the concepts of inflation and deflation. Next, students explore what it means to be a free enterprise economy and explain how the United States is a mixed economy. Finally, students create an infographic that is designed to inform younger students about the basics of the U.S. economic system.

This learning experience is designed for device-enabled classrooms. The teacher guides the lesson, and students use embedded resources, social media skills, and critical thinking skills to actively participate. To get access to a free version of the complete lesson, sign up for an exploros account.

Engage

Overview

In this experience, students are introduced to the idea that the same product has different value in different economic systems around the world. Then the student learns about the U.S. Federal Reserve System as well as the concepts of inflation and deflation. Next, students explore what it means to be a free enterprise economy and explain how the United States is a mixed economy. Finally, students create an infographic that is designed to inform younger students about the basics of the U.S. economic system.

Objectives:

Describe the way the United States organizes its free enterprise economy.

If someone handed you a 10-dollar bill, what would you do with it? Some people might rush right out and spend it, while others would save it for later. What individuals in the United States do with their money is connected to the overall U.S. economic system. In this experience, you will learn more about how that system works.

Objectives:

Describe the way the United States organizes its free enterprise economy.

To begin your exploration of the economic system of the United States, research how much food $5 can buy in the United States as well as three or four other countries in the world. You can use the resources below or your own:

What did you notice about the information? What questions do you have now? How does the United States compare to the other countries?

Post your answer

Discuss student responses and set the stage for discussing the economic system of the United States.

When everyone is ready to continue, unlock the next scene.