Wonder in the Woods

Living and Learning in the Pacific Northwest

Exciting Economics

Economics sounds so boring, but the children’s books we read are not boring at all!  I’m pleasantly surprised.  We read several books from the Rutger’s Economics Book of the Month list, and the boys also opened their first savings accounts at a local credit union.

I’m loosely following the Time4Learning scope and sequence, and I just decided Hunter will do one quick lesson in science and social studies on T4L even if it is too easy for him or not enough (a fact blurb).  It takes only a few minutes to read 6 to 8 paragraphs, and it *might* spark interest.  Maybe.

T4L has sparked my interest because I did look up economics and read more about it here and find that book list.  I took an economics class in college 20 years ago, but don’t remember much from it.  This helps:

Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals. Since economics is a driving force of human interaction, studying it often reveals why people and governments behave in particular ways.

There are two main types of economics: macroeconomics and microeconomics. Microeconomics focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders. Macroeconomics, on the other hand, takes a much broader view by analyzing the economic activity of an entire country or the international marketplace.

A study of economics can describe all aspects of a country’s economy, such as how a country uses its resources, how much time laborers devote to work and leisure, the outcome of investing in industries or financial products, the effect of taxes on a population, and why businesses succeed or fail.

A couple of the books showed the innovation and imagination that is necessary in finding or creating a new product.  For example, “Violet the Pilot” by Steve Breen is an unrealistic, but fun portrayal of a girl who invents various airplanes.  The other books were more realistic or true stories.  I imagine we will read more books on the Rutger’s list, including the chapter books.

Here are the books we liked so far. Click on the photo for the book link.

I added the following books.  We liked “Mirette on the Highwire” by Emily Arnold McCully so we added “Mirette and Bellini” and talked about tourism at Niagra Falls.

This book is about slavery, escape, and clearly ties into lessons on economics.

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This entry was posted on September 21, 2012 by in Books, Humanities, Learning, Third Grade.

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