Instructional Video

Basic Economics Lesson 2 - Exchange and Prices

Curated and Reviewed by Lesson Planet

Trade, exchange, and price are the focus of this basic economic video. Economic theory is used to describe whether exchange occurs, which relates to human wants and mutually beneficial exchange. The scenarios provided are used to explain involuntary exchange with regard to how government works in economics and how prices are formed.

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Resource Details
9th - 12th
Social Studies & History
1 more...
Media Length
Instructional Strategy
Flipped Classroom
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Fine Print: Educational Use