All About Money – Economics –...

In order to be successful in business we must understand how money works! This practical and fun workbook is packed with fascinating information and learning prompts. The activities and lessons will help students to understand money, business, economics, government, and so much more.

Students will study how money works and how the government influences the economy. this book is current! Students will also research topics such as how the COVID-19 Pandemic is impacting the United States and the world today. They will also look into historic events that changed the country such as the Great Depression. In order to understand the future, we must learn from the past. In order to succeed we must understand why so many businesses fail, and why others thrive even in hard times. It is also vital for students to understand how different forms of government can have a negative or positive influence on the economy of a region.

We suggest that the student uses the book “Whatever Happened to Penny Candy? A Fast, Clear, and Fun Explanation of the Economics You Need For Success in Your Career, Business, and Investments” (An Uncle Eric Book) by Richard J. Maybury and Jane A. Williams

This book will serve as an excellent companion book for this workbook.

Students will also use the internet, videos, and library books for research.

View the table of contents to find out what topics are covered:

Table of Contents:

Part 1: Understanding Money

6 What is currency?

8 The history of money

10 Money around the world

12 Budgeting money

14 What is a bank?

16 What is credit?

17 Credit cards

18 Debt

19 Good debt vs. bad debt

Part 2: Understanding the Way

People Make Money, Government, and Taxes

22 Ways people earn money

24 Employee

26 Self-employed

28 Business owner

28 What is business?

30 Investor

32 What are taxes?

33 Forms of taxes

34 1040 U.S. individual income tax return

36 Ignore taxes or better not?

37 The history of taxes

38 What is the government?

40 Forms of the government

41 Government revenue

42 Who is the president?

Part 3: Understanding basic economics

46 What is the economy?

48 Microeconomics and macroeconomics

50 Scarcity, choice, and opportunity cost

52 Needs and wants in economics

54 Goods and services

56 Price, cost, salary, and wage

58 Demand

60 Supply

62 Supply and Demand

64 Production

68 Distribution

69 Consumption

70 Trade

71 What is a transaction?

72 Import and export

74 Circular flow of income

76 Gross Domestic Product (GDP)

77 Real GDP of the U.S.

78 GDP in the United States.

79 Business cycle

80 What is inflation?

82 Inflation, depression, and recession

84 How printing money affects the economy

86 Unemployment

88 What is a market?

92 Types of market structure

94 National Debt of the United States

96 Capitalism

98 Socialism

100 Communism

102 The economy and the law

104 The role of government in the economy

Part 4: Hard Times Paper – Be the Reporter

108 The Great Depression (1930)

116 The Spanish Flu (1918)

124 World War 2 (1939—1945)

132 The Great Plague (1665)

140 The COVID-19 Pandemic (2020)

148 Current Economic News

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