October is National Economic Education Month! The observance is designed to help us understand how everyday economic decisions and policies affect our lives, our families, and our world. It also promotes the importance of teaching economics in our K-12 schools.
Those with a clear understanding of economic principles are better equipped to make good financial decisions. Learning new concepts and reinforcing good financial habits at home, together, is a powerful thing. That’s why we’re sharing a variety of resources you can review on your own or with your family – because our mission is to help you reach your financial goals, hopefully while having a little fun along the way.
Kiddynomics: An Economics Curriculum for Young Learners, Lessons for Grades Pre-K through K from the Federal Reserve Bank of St. Louis
The Making Dollars from Sense Series from the South Carolina Department of Education includes five videos that give students in grades 6 - 12 the information they need to make thoughtful, well-informed decisions about earning, spending, and saving money.
PACED Pretzels - Students learn about the five-step PACED decision-making process and complete a decision-making grid through a taste test in this module created by the Federal Reserve Bank of Philadelphia.
Supply and demand are among the most fundamental concepts in economics. An understanding of these topics helps explain the economic world in which we live. This series of short modules from the St. Louis Federal Reserve Bank uses a fictitious chocolate market to help explain the essential concepts: demand,supply, and market equilibrium.
The Undercover EconomistbyTim Harford provides an introduction to the principles of economics, including demand-supply interactions, market failures, externalities, globalization, international trade, and comparative advantage.
This is a fraction of the resources you can find on the internet to help with economic education. If you have any questions, let us know.
The views, information, or opinions expressed in this article are solely those of the author and do not necessarily represent the views of Citizens State Bank and its affiliates, and Citizens State Bank is not responsible for and does not verify the accuracy of any information contained in this article or items hyperlinked within. This is for informational purposes and is no way intended to provide legal advice.