ECONOMICS

Episodes

1.RESOURCES
Use of resources is fundamental in all economic activities. Thisprogram defines and illustrates the three basic kinds of resources:natural resources, labor, and capital. (15:45 min.)

2.PRODUCING
Producing is the process of turning resources into goods and services.In this program, students learn the differences between consumer andindustrial goods and services. (18:20 min.)

3.NEEDS & WANTS
Economics is driven by satisfying people's needs and wants. Thisprogram defines the three basic needs—food and water, shelter, andclothing—and shows that satisfying those needs is a difficult problemand is not the same for all people at all times. (14:39 min.)

4.CONSUMING
People consume when they satisfy their needs and wants by choosinggoods and services. This program defines the three categories ofconsumption: durable goods, non-durable goods, and services. Thestudent learns the role of "opportunity cost" as people choose whichgoods to consume. The program also traces the growth of consumerismthroughout the U.S. in the last part of this century. (14:47 min.)

5.MONEY
Money is the cornerstone of modern economic activity. This programdefines the five properties of money: a unit of exchange, a store ofvalue, easily divisible, high value for weight, and hard tocounterfeit. It also traces the evolution of money through historyand presents the concepts of savings, checking accounts, and creditcards. (14:54 min.)