Fundoo Class
Science & Nature

Introduction to Economics (Age 8-14 Years)

Multi-day class

This course is an introduction to economics which will explore important concepts that will enable the student to effectively engage the realm of economic thinking.

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2 Weeks,3x a Week

How does a Multi-Day Course work?

A Multi-Day Course meets multiple times over one or more weeks. Learners join the teacher in live video chat sessions at scheduled times. Outside of these sessions, they can take part in a classroom discussion group and message the teacher directly. Longer courses create more opportunities: real-time activities, engaging projects, and interaction with diverse classmates from other states and countries.
40 Minutes Class Duration
1-8 Kids Class Size
Ages 8-14 Age Range
Rs. 2513 Total* Price Per Learner (Rs)

Available Times

Mon, May 16 - May 29

2 Weeks,3x a Week
7:30 PM - 8:10 PM
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Description

Class Experience

Students will begin to define economic concepts, understand why economists choose to view the world through a particular lens, and analyze the economic interactions of the people and businesses they observe in society. The goal is for students to become familiar with foundational market concepts such as scarcity, opportunity costs, comparative advantages and inflation (among many others). Students should then be able to appropriately apply their economic understanding to personal decisions, businesses activities and government policies. The course will spend much time focusing on microeconomics, but will also touch on macroeconomics. The course will include engaging group discussions in the weekly live session. Students should use video and audio during the live class, which helps encourage smoother discussions and more engagement. Parents may request an exception to this requirement. Current events will occasionally be discussed if relevant to the class topic.

Here is a preview of some of the weekly topics: -

  • Scarcity, Resources, Opportunity Cost, Cost/Benefit Analysis
  • Supply and Demand Shifts, Elasticity, Types of Goods
  • Diminishing Returns, Allocation of Scare Goods, Specialization
  • Trade in Competitive Markets, Transaction Costs
  • Entrepreneurship and business strategies
  • Understanding Economic Institutions (Banks, Corporations, Cooperatives, Labor unions), Rules of the Game
  • The Role of Government in the Economy (Taxes, Externalities, Regulations)
  • Evaluating the effects of government programs and social goals
  • Nature and Causes of Money (Valuation, Historical Development, Inflation)
  • Comparing Economic Systems (Market, Command, Traditional, Mixed)
  • International Trade and Economic Growth
  • Stocks and Investment Options (including an opportunity to participate in stock market simulation game)
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Pen and Notebook

Not required

40

This course is an introduction to economics which will explore important concepts that will enable the student to effectively engage the realm of economic thinking.

After every session task will provided.

Nothing as such.

Teacher

About Me

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