Lense #2- Economics
ECONOMICS- Essential Questions
ECONOMICS- Essential Questions
Economic Decision Making
Economic Decision Making
- What is "Economics" and why does it matter?
- Whose decisions impact the economy?
- What role does the government have in making economic decisions?
- OR How do economic decisions by the government affect a nation?
- What makes an economy stable?
- OR How can a government respond to economic collapse or crisis?
- Are there benefits and limitations?
- Are all economic crises the same?
- Are economic crises inevitable?
- OR How can a government respond to economic collapse or crisis?
- Does an economic collapse/crisis affect all people/groups the same?
- Are there ways of giving aid that actually work?
- Is there a "best" economic system?
Exchange and Markets
Exchange and Markets
- What are the benefits and costs of "Free Trade?"
- How do markets work?
The National Economy
The National Economy
- What is the role of government in fostering economic prosperity?
- How do governmental policies impact development?
- What makes a _____ economy? (e.g. Traditional, Command, Market)
- How does the _____ economy affect ______? (e.g. people of various wealth levels, businesses, government, etc.)
- Is military spending an acceptable method of growing an economy?
The Global Economy
The Global Economy
- How does economic activity lead to the exchange of cultural and political ideas?
- How can an economic decision by a government of one country affect another?
- Why are some countries economically interdependent on each other?