Here Today, Back Here Tomorrow
Define goods, services, consumer, production, natural resources, intermediate goods, waste, and trade-off.
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Infographics & Comics
What Is an Economy?
OVERVIEW
Discover circular flow across the fictitious Planet Novus economy and learn about supply and demand, wants and needs, and the flow of goods and services.
Related Resources
LESSONS & ACTIVITIES
31-45 MIN
LESSONS & ACTIVITIES
1 HOUR+
Letter Perfect and Clean Enough
Learn about the types of natural resources that the environment provides.
LESSONS & ACTIVITIES
46-60 MIN
Waste Not, Want a Lot
Learn how producers respond to various incentives.
LESSONS & ACTIVITIES
46-60 MIN
Eggs-ternal Costs
Recognize that some actions people take have external costs and how property rights impact those costs.
LESSONS & ACTIVITIES
46-60 MIN
Cycling and Recycling Around the Classroom
Discover ways that businesses have reduced the impact of their production and products on the environment.
LESSONS & ACTIVITIES
46-60 MIN
A Valuable Lesson
Learn that the value of a good or service is the maximum price they are willing and able to pay for it
More in This Series
INFOGRAPHICS & COMICS
How Do I Use Economics In My Life?
Explore how economics is a part of students’ everyday lives.
INFOGRAPHICS & COMICS
How Do We Get The Things We Want?
Learn more about goods and services, barter and trade, currency, and money.
INFOGRAPHICS & COMICS
A Story of Interest (and Supervision!)
Explore the concepts of interest, savings, and budgeting.
INFOGRAPHICS & COMICS
The Story of Monetary Policy
Understand the importance of monetary policy and the Federal Reserve’s key responsibilities.
INFOGRAPHICS & COMICS
The Story of the Federal Reserve System
Read about the Federal Reserve’s structure and key responsibilities.
INFOGRAPHICS & COMICS
Once Upon A Dime
Learn about barter, currency, and banking.
