I was writing a post on my political blog this morning that included the fact that 42% of Americans think that the President is controlling gas prices to affect the election.
I commented that Basic Economics will be a required class here at Crafty Mama’s Homeschool, since obviously there is a lack of understanding of the basic economic principles that drive prices. (Just so you know, the President is not controlling the gas prices.)
When I did an internet search for the book Basic Economics, by Thomas Sowell, for a link in that post, I stumbled across this handy-dandy primer on basic economics for kids. The subject, not the Sowell book.
It includes want vs. need, supply and demand, scarcity and choices, goods and services, interdependence, the stock market, inflation, and other helpful resources, too. The economics main page is here. The basic economics topics are in a drop-down menu. You can also go to this page for the basic economics article descriptions and links.
Even if you don’t agree with my politics, I think we can all agree that an education in basic economic principles is a must.
This series is from the website Social Studies for Kids. It is written by David White, the former About.com Guide for Social Studies for Kids. It looks like a great site for all things social studies.
