A Kid's Guide to the Economy

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It's never too early-or too late-to learn about money. Follow a class of fifth-graders as they figure out the world of finance, from earning, budgeting, and saving to investing and collecting coins from around the world.

Mrs. Clarkson's students are curious: Why does everyone keep talking about the economy? Why does everyone keep talking about the economy? Why is it constantly in the newspaper and on the news? Parents talk about it at the ...

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Overview

It's never too early-or too late-to learn about money. Follow a class of fifth-graders as they figure out the world of finance, from earning, budgeting, and saving to investing and collecting coins from around the world.

Mrs. Clarkson's students are curious: Why does everyone keep talking about the economy? Why does everyone keep talking about the economy? Why is it constantly in the newspaper and on the news? Parents talk about it at the dinner table, and the families are dealing with money changes of all kinds.

Learn with Mrs. Clarkson's students what economy actually means. Find out about the law of supply and demand-whether in the marketplace or in school. Discover how the economy follows a cycle and how to recognize each phase. Best of all, you may find out how to recognize each phase. Best of all, you may find out how to recognize each phase. Best of all, you may find out how the economy affects your daily life and how you can handle whatever happens next.

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Editorial Reviews

School Library Journal
Gr 3–6—As part of a larger series about money, this entry aims to explain in a simple, concrete manner how the economy works and how it affects everyone's daily life. The law of supply and demand is described in some depth with child-friendly, specific examples to clarify the concepts. The cycles of an economy, from expansion through prosperity, recession, and into recovery, are also covered, with historical and current events used to make these abstract ideas more accessible. Opening and closing chapters use a fictional classroom setting to introduce and wrap up the topic, as students and a teacher discuss these ideas and phrases that are showing up more and more in family conversation as well as in the media. While the focus is on the American economy, there are brief descriptions of other types. The writing is fairly lively, filled with questions and real-world examples thrown in to keep kids interested. Photographs, on the other hand, while colorful and depicting a large swathe of the population, are really just decorative and do not add much to illuminate the text. Overall, this is a fine choice for introducing the concept of economy and how it functions in society, but for more depth, readers may have to turn elsewhere.—Jody Kopple, Shady Hill School, Cambridge, MA
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Product Details

  • ISBN-13: 9781584158363
  • Publisher: Mitchell Lane Publishers, Incorporated
  • Publication date: 8/28/2009
  • Series: Money Matters Series: A Kid's Guide to Money
  • Pages: 48
  • Age range: 8 - 11 Years
  • Product dimensions: 6.70 (w) x 9.30 (h) x 0.30 (d)

Table of Contents

Chapter 1 Out of the Headlines 5

Chapter 2 The Basis of Economics 11

Chapter 3 Meet Supply and Demand 19

Chapter 4 A Never-ending Cycle 27

Chapter 5 Coping with a Changing Economy 35

Chapter 6 Going Green 43

Further Reading 46

Books 46

Web Sites for Kids 46

Works Consulted 46

On the Internet 46

Glossary 47

Index 48

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