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Lesson Plan
CORRELATION TO NATIONAL STANDARDS

VIDEO YOUR ECONOMY

Background, Activities and Critical Analysis
Subject(s)
Social Studies, Government, Media, Journalism, Economics
Estimated Time
2-5 class periods or after school
Grade Level
Grades 8-12
Objective
Help your students explore how the economic downturn is affecting your communities and lives.

Overview
In the lesson plan below you'll find a few suggested topics and ideas for interviews. Please have your students brainstorm questions to ask their interview subjects.  The interviews can be separate videos or edited together into a report. See this example for suggestions, but we urge teachers and students to be creative with their ideas and reporting!

Procedure
HOW'S BUSINESS?
Explore how the economy is affecting different industries by doing a series of short interviews with business owners, managers, employees or costumers. Try to find businesses that are different sizes and serve different needs.

You could talk to the manager of a large grocery chain store, clothing store or gas station, or the owner of a beauty shop or a small family-owned business. You could also talk to the manager of a local bank, a real estate agent in the area or someone in the construction industry. Once you have talked to some of the business owners and operators, try talking to their costumers.

Some topics to explore in your interviews:

- How is the economy specifically affecting that business or industry?
- Have retailers had any trouble getting products from their suppliers?
- Are people and business taking any longer to pay their bills?
- Is this business better or worse off than those in other industries?
- Has the business experienced an economic slump like this before?
- Have customer habits changed in the past year? Are they selling more or less of certain types of goods or services?
- What are the businesses doing to attract more costumers? If they are cutting prices, by how much?
- What, if anything, are they doing to cut costs? Have they had to sell parts of the business, let employees go, stop selling certain products?

WALLET WOES
Interview parents and students about how the economy is affecting their lives, spending habits and priorities.

Some topics to explore in your interviews:

-How are the economic problems trickling down to individuals in your area?
-What level of stress are people feeling about the economy?
-With the holidays coming up, how will things be different this year?
-What are some of the first things both students and adults are willing to give up to save a little money? What are some of the things they are not willing to give up?
- Are people borrowing less?
- How much less are people spending?

ECONOMIC NEWS REPORT
If you and your class would like to try editing a video piece together, you can create one news-style report about the economic health of your area. Interview business owners, people in the real-estate industry, local government officials, parents or students. Use any of the suggested topics or sources from the activities above. Try to pick people who talk passionately. Remind them not to look at the camera. Shoot some footage of them working, and of the most interesting sights in and around their workplace. (You will need such footage if you plan to write narration.) Try to give the story a beginning, middle and end. The viewer should know, after watching it, what the point of the story was. Above all, try to be interesting and even, if possible, entertaining.

UPLOADING
When you are ready to upload a video for this project simply upload to YouTube and tag with PBSschool. Send an email to extra@newshour.org to let us know you are submitting, or if there are any technical issues.

We will be collecting your videos and posting them to our YouTube channel as well as the NewsHour Extra Web site.

Please let us know if you have any questions!

Last Updated: December, 2008
 
 

Additional Lesson Plans

Extra: News for Students
BE THE PRESS: LOCAL INTERVIEWS, NATIONAL NEWS
Make a podcast!

The Online NewsHour
The Business Desk with Paul Solman
Top Business and Economy Stories

To find out more about opportunities to contribute to this site, contact us.

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National Standards

National Standards for Civics and Government

I.What are Civic Life, Politics, and Government? What is civic life? What is politics? What is government?

V. What are the Roles of the Citizen in American Democracy?

What is citizenship?

What are the rights of citizens?

What are the responsibilities of citizens?

How can citizens take part in civic life?

NCEE Economics Standards

Standard 1 : Scarcity
Productive resources are limited. Therefore, people can not have all the goods and services they want; as a result, they must choose some things and give up others.

Standard 8 : Role of Price in Market System
Prices send signals and provide incentives to buyers and sellers. When supply or demand changes, market prices adjust, affecting incentives.

Standard 11 : Role of Money
Money makes it easier to trade, borrow, save, invest, and compare the value of goods and services.

Standard 14 : Profit and the Entrepreneur
Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.

Standard 15 : Growth
Investment in factories, machinery, new technology, and in the health, education, and training of people can raise future standards of living.

Standard 18 : Macroeconomy-Income/Employment, Prices
A nation's overall levels of income, employment, and prices are determined by the interaction of spending and production decisions made by all households, firms, government agencies, and others in the economy.

Standard 20 : Monetary and Fiscal Policy
Federal government budgetary policy and the Federal Reserve System's monetary policy influence the overall levels of employment, output, and prices.

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