Lense #2- Economics

ECONOMICS- Essential Questions

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?
• 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

• What are the benefits and costs of "Free Trade?"
• How do markets work?

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

• 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?